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Practice Direction 78.1 - Stapled Securities

Published on 30 Oct 07 by THE TAX INSTITUTE

We refer to our submission dated 2 November 2006 addressed to Mr James Green regarding the Amatek and Westpac cases, and also to your recent discussions with Peter McMahon of Ernst Young relating to Practice Direction 78.1 - Securities 'Quoted on the Market operated by a Recognised Stock Exchange' - Stapled Securities.  We would lik to seek clarification on the operation of the Duties Act 2001 (Qld) (the 'Act') as a result of the release of the Practice Direction.

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TAXATION INSTITUTE OF AUSTRALIA

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