Published on 21 Jan 11
by THE TAX INSTITUTE
In our submission dated 6 August 2009 to Treasury in response to Treasury’s Consultation Paper entitled “Review of the margin scheme” (the ‘Consultation Paper’), we recommended the Government make six technical corrections to the margin scheme provisions to overcome deficiencies. We also recommended including specific provisions dealing with the margin scheme and partnerships, and the margin scheme and partitions of property, to overcome the complexity in the ATO’s public rulings. This submission is attached at Appendix A to this submission for your reference.
TAXATION INSTITUTE OF AUSTRALIA