Exposure draft – Repeal of Inoperative Provisions

Date:

Tuesday, 4 April 2006

Content ID:

1094

Abstract:

On 24 November 2005, the Government announced that it would repeal the inoperative provisions from the income tax law.

The exposure draft proposes to repeal inoperative material from the tax laws. Inoperative material is those provisions and Acts that no longer apply to taxpayers, either because they have no effect after a date in the past or because all the transactions or events they did affect have now concluded.

The public is invited to comment on the exposure draft and accompanying explanatory material.

Submission closing date: 5 May 2006

Address written comments to:

The Manager
Tax Code Unit
Tax Design Division
The Treasury
Langton Crescent
PARKES ACT 2600

E-mail: inoperativeprovisions@treasury.gov.au

Documents Available:

Acrobat (PDF)

Exposure Draft - Tax Laws Amendment (Repeal of Inoperative Provisions) Bill 2006 706.65kb
Explanatory Material - Tax Laws Amendment (Repeal of Inoperative Provisions) Bill 2006 325.43kb

Related Items:

Board of Taxation Website - 6/02/2003

The Board of Taxation is an independent, non-statutory body established to advise the Government on the development and implementation of taxation legislation and the ongoing operation of the tax system. A link to the Board of Taxation website is provided below.

Submissions: Exposure draft – Repeal of Inoperative Provisions - 15/05/2006

This document provides links to the submissions received in response to the request for public comment on the exposure draft to repeal inoperative material from the tax laws.

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