Post-Implementation Review into Certain Aspects of the Consolidation Regime
The Chairman of the Board of Taxation, Mr Dick Warburton AO, today announced the release of a discussion paper on the Board’s post‑implementation review into certain aspects of the consolidation regime.
The Government announced on 3 June 2009 that it had asked the Board to undertake a post‑implementation review of certain aspects of the consolidation regime. The aspects of the consolidation regime that will be subject to the review are:
- The operation of the single entity rule;
- The operation of the entry history rule in acquisition cases; and
- The interaction between the consolidation provisions and other parts of the income tax law.
To facilitate public consultation, the Board has developed the discussion paper as a basis for further discussion.
The Board welcomes submissions on issues raised in the discussion paper. The closing date for submissions is Friday 26 February 2010. Submissions may be sent to:
Facsimile: (02) 6263 4471
Post‑implementation review into certain aspects of the consolidation regime
The Board of Taxation
c/- The Treasury
PARKES ACT 2600
Copies of the Board’s discussion paper are available from www.taxboard.gov.au. Printed versions of the paper are available by email request sent to firstname.lastname@example.org, or by phoning the Board of Taxation Secretariat on (02) 6263 4366.
Further information on the review is available on the Board of Taxation website, www.taxboard.gov.au.