Published on 22 Oct 14
by THE TAX INSTITUTE
The Tax Institute welcomes the opportunity to make a submission to Treasury in relation to Tax and Superannuation Laws Amendment Bill: CGT exemption forcompensation and insurance (Exposure Draft). Legislative references in this submission are to the Income Tax Assessment Act 1997 unless noted otherwise. We welcome these amendments, which address one of the announced but unenacted measures from the previous government (Item 64 of the list of measures the current government announced that it would proceed with on 14 December 2013). Our submission proposes some amendments to the Exposure Draft, which would more fully address the relevant announcements.
THE TAX INSTITUTE
The Tax Institute is Australia's leading professional association and educator in tax, with offices in most major cities. Focusing solely on tax, the Institute provides the best resources, education and networks. Our mission is to equip tax professionals with everything they need to demonstrate the highest level of expertise and increase the advancement of public knowledge and understanding.
We are also committed to propelling members into the future and onto the global stage with the introduction of the Chartered Tax Adviser designation.
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