House of Representatives

Supplementary Explanatory Memorandum

(Circulated by authority of the Treasurer, the Hon P.J. Keating, MP)

INTRODUCTORY NOTE

This supplementary memorandum explains the amendment proposed to the Taxation Laws Amendment Bill (No. 6) 1988 (referred to in this memorandum as the "Bill") as introduced into the House of Representatives. The amendment is a transitional measure which will modify the provisions relating to share cancellations where a cancellation occurred after the date of announcement of the legislation and on or before the date of its introduction into the House of Representatives.