Australian Taxation Office

New or updated materials on ATO website, including:

Progress of Bills in Parliament

Tax and Superannuation Laws Amendment (2015 Measures No. 2) Bill 2015, was passed by the Senate yesterday and now awaits Royal Assent. This Bill:

  • provides tax relief for certain mining arrangements
  • increases the statutory effective life of in-house software
  • provides income tax look-through treatment for instalment warrants and similar arrangements, and
  • amends the company loss recoupment rules (including to deal with companies with shares with unequal share rights).