We are writing to highlight for you some important upcoming decisions as part of the delivery of the unlegislated tax consolidation measures being developed by Treasury. We are ready to discuss these with your office and Treasury in due course.
The majority of the unlegislated measures, which cover a seven year period and were mentioned in the 2008 Budget, are in the Exposure Draft legislation ("this ED") released for public comment on 28 April 2009. Representatives of the Institute of Chartered Accountants and the Taxation Institute of Australia (the Joint Bodies) have been consulting on these issues since 2002, including the lodgement of various joint submissions.