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ARTICLE · 23 APRIL 1998

Weekly Tax Highlights - 6th - 10th April 1998

AustraliaAccounting and Audit

The week in review:

TLA (Company Law Review) Bill introduced - The Taxation Laws Amendment(Company Law Review) Bill and Income Tax (Untainting Tax) Bill 1998 were introduced into Parliament on 8 April 1998 to implement the tax measures arising due to the changes being made to the Corporations Law by the Company Law Review Bill 1997.

Status of legislation - The Federal Parliamentary Autumn sittings have now finished and Federal Parliament will not resume sittings until 12 May 1998 (Federal Budget night). For your convenience, we have set out below the status of several tax related Bills as at 9 April 1998.

Name of Bill                            Bill status

Taxation Laws Amendment Bill (No 5)     Passed in the Senate and
1997                                    awaiting Royal Assent
Taxation Laws Amendment Bill (No 6)     Still in the Senate - not 
1997                                    considered since December 
                                        1997
Taxation

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