Supplementary Explanatory Memorandum(Circulated by the authority of the Treasurer, the Hon. P.J. Keating M.P.)
General Outline and Financial Impact of the Amendments
The amendments will amend the Taxation Laws Amendment Bill (No. 2) 1991 to overcome some potential technical difficulties with amendments proposed by the Bill in relation to securities lending arrangements. The amendments will give effect to the original objectives of the Bill and will have no impact on revenue.
© Australian Taxation Office for the Commonwealth of Australia
You are free to copy, adapt, modify, transmit and distribute material on this website as you wish (but not in any way that suggests the ATO or the Commonwealth endorses you or any of your services or products).