Published on 26 May 20
by THE TAX INSTITUTE
We previously wrote to the Treasurer on 7 April 2020 (link to submission) with our concerns in relation to current uncertainty surrounding Division 7A of the Income Tax Assessment Act 1936 (Cth). The relevant part has been extracted in the attached Appendix.
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.