On 5 February 2020, the Treasury Laws Amendment (Combating Illegal Phoenixing) Bill 2019 finally passed both houses of Parliament after the Lower House agreed to amendments by the opposition in the Senate, requiring a review of the operation of the Act in 5 years. See the Tax Technical article about this Bill being introduced into Parliament.

See below for a summary of the Bill and the amendments.

[Tax Month – February 2020]

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