*Protection for relying on announced but un-enacted tax amendments: draft legislation released [9]

Treasury on Tue 25.3.2014, released for public consultation exposure draft legislation, which seeks to implement the Government’s announcement of a legislated protection of taxpayers, in relation to announced by un-enacted tax amendments. On 14 December 2013, the Government had announced that it would not proceed with 48 announced but un-enacted tax and superannuation measures. The Government had…

Developing country relief funds declared [7]

The Assistant Treasurer has gazetted a notice declaring, under s 30-85(2) of the ITAA 1997, that the following funds are developing country relief funds: Australians for Cambodian Education Public Fund; Connecting Hands Cambodian Relief Fund; FDCC Fund; Half the Sky Foundation Australia Limited-Overseas Aid Fund; HearingNepal Program Inc. Developing Country Relief Fund; ISIS Overseas Development Aid…

*Re-stating and centralising special conditions for tax concession entities: draft leg released [4]

Treasury on Wed 12.3.2014, released for comment draft legislation and draft regulations to implement the 2009-10 Budget proposal to re-state and centralise the special conditions for tax concession entities. In December 2013, the Government had announced that it would proceed with the proposal. The changes propose to: re-state the “in Australia” special conditions for income tax exempt…