This consultation process has now been completed. Submissions available
Date
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Consultation Type
Exposure Draft
Key Documents
On 1 March 2012, the Australian Government announced its intention to introduce amendments to ensure the continued effectiveness of the general anti-avoidance rule in Part IVA of the Income Tax Assessment Act 1936.
The exposure draft package includes the draft legislation and explanatory memorandum to implement the Government's announcement.
The proposed amendments were designed in consultation with a roundtable of independent experts and with the benefit of formal advice from senior counsel.
Subject to the passage of legislation, the proposed amendments will apply to arrangements that are entered into or commenced to be carried out from 16 November 2012.