Explanatory Memorandum PART A(Circulated by authority of the Treasurer, the Hon. P.J. Keating M.P.)
Part A of this memorandum contains explanations that provide a broad guide to the three Bills that have been introduced to give effect to the commencement, from 1 July 1987, of a full imputation system of company taxation and other associated measures that were announced on 10 December 1986.
Part B of the memorandum, to be issued shortly, will contain a clause by clause explanation of the Bills.