The Taxation Institute of Australia ("Taxation Institute") is pleased to provide comments on the exposure draft legislation in the form of the Tax Laws Amendment (2010 Measures No. 3) Bill 2010 ("Exposure Draft") which was released for public comment on 16 April 2010.
However, the Taxation Institute is disappointed about the timeframe allocated for this consultation. One week is not sufficient to allow genuine consultation. Further, one week does not provide sufficient time for detailed consideration and debate of all relevant issues arising under the Exposure Draft.