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Tax changes
The Tax Laws Amendment (2009 Measures No. 4) Bill 2009 has been passed by the Commonwealth Parliament.
The Bill contains:
- reforms to the regulation of philanthropic funds, now called private ancillary funds (previously prescribed private funds)
- changes to the Research and Development (R&D) Tax Offset
- capital gains tax (CGT) relief to certain demutualising friendly societies.
September 11, 2009 in Tax | Permalink
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