12 Technicals

Technical

Carbon pollution reduction scheme - Green Paper released

Published 16 Jul 2008
The Government’s Carbon Pollution Reduction Scheme Green Paper was released by the Minister for Climate Change and Water, Senator Penny Wong, on 16 July. More >

TOFA Stages 3 & 4 - Consolidation and TOFA interactions

Published 14 Jul 2008
The Institute, in conjunction with the Taxation Institute of Australia, has lodged a joint submission on the Treasury discussion paper of 23 June 2008 entitled “Consolidation and TOFA Interactions”. More >

Review of the foreign source income anti-tax-deferral regimes

Published 04 Jul 2008
On 4 July, the Institute lodged a submission on the Board of Taxation’s Issues Papers on possible reforms to Australia’s foreign source income anti-tax-deferral regimes. More >

Revised Exposure Draft Tax Agents Services Bill

Published 30 Jun 2008
On 30 June 2008, the Institute, in conjunction with CPA Australia and NIA, has lodged a joint submission on the revised Exposure Draft Tax Agent Services Legislation and explanatory material. More >

Alignment of small business tax concessions thresholds

Published 13 May 2008
The Government announced in the Budget that it will go ahead with enhancing access to the small business capital gains tax (CGT) concessions for taxpayers owning a CGT asset used in a business by a related entity and for partners owning a CGT asset used in the partnership business, with effect from the 2007-08 income year. More >

Federal Budget 2008-09 Summary

Published 09 May 2008
On May 13, 2008 Treasurer the Hon Wayne Swan delivered the Rudd Government’s first budget. More >

Entity flow-through submission

Published 29 Apr 2008
Small to medium-sized entities (SMEs) have for some time identified the complexity of the taxation system and the cost of compliance associated with it as one of their main concerns. More >

Australia’s Proposed Emission Trading Scheme - The Tax Policy Dimension

Published 07 Apr 2008
A joint project with the Institute of Chartered Accountants in Australia and Ernst & Young Australia’s Proposed Emissions Trading Scheme – The Tax Policy Dimension Adjusting Australia’s tax framework to support the Emissions Trading Scheme March 2008 More >

ALRC review of the legal professional privilege

Published 04 Apr 2008
Following on from the release of the ALRC's report entitled 'Privilege in Perspective: Client Legal Privilege in Federal Investigations, the Institute is continuing to advocate for statutory privelege with respect to tax advice provided by appropriately qualified and regulated professional accountants. More >

Board of Taxation to review taxation of managed funds

Published 27 Feb 2008
In a press release issued on 22 February the Assistant Treasurer and Minister for Competition Policy and Consumer Affairs announced that the Government has asked the Board of Taxation to review the taxation arrangements that apply to managed funds. More >

Consolidation and CGT rollovers including scrip for scrip rollovers

Published 13 Feb 2008
On 7 February, the Institute lodged a substantial submission More >

Review of the Taxation Treatment of Off-Market Share Buybacks

Published 01 Sep 2007
On 29 August, the Institute lodged a submission with the Board of Taxation in respect of its review of the taxation treatment of off-market share buy-backs. More >