WebApr 11, 2024 · HM Treasury published draft regulations, together with an explanatory memorandum, on 28 February that will revise and make further provision for the … Web28. For example, a publication declared to be a public ruling could set out the Tax Office's view as to how the debt and equity rules in Division 974 of the ITAA 1997 apply to companies that issue a particular type of financial instrument, and also outline the Tax Office's plans to audit some companies that have issued those instruments.
Income Tax Assessment (1997 Act) Regulations 2024 - Legislation
WebApr 3, 2024 · The identity of commentators and their comments will be collected and may be disclosed publicly, either in full or in summary, as legal obligation dictates or is necessary for SARS to properly perform its duties. The draft documents are categorised according to their due date for comment. WebThis database contains copies of Commonwealth of Australia Explanatory Memoranda for Bills from 1971. The Parliament of Australia maintains a website of Commonwealth … manifest rotten tomatoes season 2
Exposure Draft Explanatory Materials: Treasury Laws …
WebExplanatory Memorandum to the New Business Tax System (Consolidation) Bill (No. 1) 2002 (Cth) asserts, at paragraph 2.11, that a 'key feature of the new law' is that 'a consolidated group is treated as a single entity for all income tax purposes'. This statement will only be relevant if the legislation is ambiguous. Webthat the explanatory memorandum to the enacting legislation in 2001 "seems clear that the original policy objective was that (at least some) limited recourse loan arrangements would pass the debt test in Division 974." The paper however notes that there is a view in interpreting Division 974 that there are no ENCOs at all under these arrangements. Webtax laws amendment (taxation of financial arrangements) bill 2008 manifest roxy book