Treasury has released the Government’s Forward Work Program for Tax Measures as at 20 July 2012. The forward work program sets out the timetable for current and proposed consultation on tax and superannuation measures. It includes:
- details of discussions paper currently being drafted – eg appropriateness of the definition of fixed trust, GST – cross-border transport amendments, Not-for-profit Tax Concessions Working Group, R&D Tax Incentive – quarterly credits;
- details of exposure draft legislation currently in preparation – eg operation of the income tax general anti-avoidance rule, GST – clarify the restrictions on GST refunds, GST margin scheme and subdivided land, loss recoupment rules.
[LTN 139, 20/7]