01 Apr 10 Submissions being preparedDiscussion Paper - Income Tax Treatment of Instalment Warrants:
The Taxation Institute is preparing a submission on the discussion paper in respect of income tax treatment of instalment warrants. The discussion paper outlines proposals to amend the income tax treatment of 'traditional instalment warrants' and limited recourse borrowings of complying superannuation funds. Specifically, the Government will legislate to treat the owner of a 'traditional instalment warrant' over an exchange traded security as the owner of the listed security. For a copy of the discussion paper, go here. Comments for incorporation in the submission are due by Friday, 2 April 2010. They can be sent to: firstname.lastname@example.org.
Terms of reference - Inspector-General of Taxation's (IGT) Review into the ATO's administration of Class Rulings:
The Taxation Institute is considering preparing a submission on the IGT's inquiry into the Australian Taxation Office's (ATO) administration of Class Rulings. This review will examine the management of selected Class Rulings with a focus on important milestone events and the underlying issues and behaviours. It will consider if ATO behaviours and decision-making processes are leading to extended timeframes. For a copy of the discussion paper, go here. Comments for incorporation in the submission are due by Friday, 16 April 2010. They can be sent to: email@example.com.