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ARTICLE · 01 JUNE 1998

Weekly Tax Highlights - 25th - 29th May 1998

AustraliaLitigation, Mediation & Arbitration

Legislation/regulation round-up

The following Bills have passed the Senate without amendment and are now awaiting Royal Assent:

  • Tax Law Improvement Bill (No 1) 1998 (formerly Tax Law Improvement Bill (No 2) 1997) which contains the rewrite of the CGT provisions, effective from the 1998/99 income year.
  • Taxation Laws (Technical Amendments) Bill 1997 which contains a variety of miscellaneous amendments.
  • The Taxation Laws Amendment (Company Law Review) Bill 1998 and Income Tax (Untainting Tax) Bill 1998 have passed the House of Representatives and are now due for debate in the Senate. The Senate is not sitting again until the week commencing 22 June 1998.

New Bills introduced into Parliament:

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