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Australia - June 12 2012
On 12 June 2012, it was announced in the NSW State Budget that the following heads of NSW stamp duty, which were due to be abolished as from 1 July 2012, will continue to be charged until 1 July 2013: transfer duty on unquoted marketable securities.
Australia - March 20 2012
On 7 March 2012 the Federal Government released a second exposure draft of legislation implementing the first and second elements of the Investment Manager Regime (IMR).
Australia - September 8 2011
FIN 48 created a headache both for the offshore funds industry and the Australian Government as it saw many overseas investment funds shy away from Australian investments and the use of Australian investment intermediaries due to uncertainties in the application of Australia’s tax laws.
Australia - July 31 2011
The Australian Taxation Office (ATO) will be requiring certain companies to file an additional schedule with their 2011-12 tax return, called the Reportable Tax Position (RTP) Schedule, which will disclose that company’s tax risk in relation to certain transactions and arrangements.
Australia - March 28 2011
In recent times the taxation of trusts has been subject to a degree of uncertainty in the wake of court decisions such as Bamford v Commissioner of Taxation and the Colonial First State Investments Ltd case.
