Published on 01 Sep 09
by THE TAX INSTITUTE
In summary, the Taxation Institute's position is that the legislation released in exposure draft form needs further work. It is hoped this work is undertaken before the Bill is introduced into Parliament. In its current form the Bill is difficult to interpret, uses some terms inconsistently and contains potential flaws of application. The introduction of safe harbour rules would also reduce the administrative burdens imposed by the proposed legislation on employers and employees.
TAXATION INSTITUTE OF AUSTRALIA
Current at 19 November 2004
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