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17 Jun 1010 Transfer of Provisions Bill awaits Royal Assent

On 17 June 2010, the Senate passed Tax Laws Amendment (Transfer of Provisions) Bill 2010 without amendment.

The Bill rewrites provisions from the ITAA 1936 into the ITAA 1997 and Taxation Administration Act 1953 in relation to collection and recovery of tax; forgiveness of commercial debts; leases of luxury cars; farm management deposits; and general insurance; and also amends 10 Acts to make consequential amendments.

The Bill now awaits Royal Assent.


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