Treasury has released the Government’s Forward Work Program for Tax Measures as at 5 March 2012. The forward work program sets out the timetable for current and proposed consultation on tax and superannuation measures. It includes:
- details of discussion papers currently open for consultation eg TOFA tax hedging provisions;
- discussion papers currently in preparation eg deductibility of geothermal exploration, GST – cross border transport amendments, non-cash benefit rules, securities lending/repurchase agreements;
- exposure draft legislation currently in preparation eg outstanding announced forex amendments, TOFA-related amendments, not-for-profit tax concessions, tax consolidation-related announcements, FBT – living away from home allowances and benefits, GST-related amendments, statutory definition of “charity”, Managed Investment Trust (MITs), MRRT and PRRT – technical amendments, various Stronger Super-related amendments.
[LTN 49, 13/3]