The 2012-13 Budget included a measure to amend the integrity provisions of the capital gains tax (CGT) scrip for scrip roll-over to remove significant tax minimisation opportunities.
Treasury releases a proposals paper that will form the basis of consultation on the policy design of this measure. The proposals paper sets out, in broad terms, how the measure may be implemented.
The purpose of this proposals paper is to provide interested parties with an opportunity to comment on the policy design of this measure.