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.
 

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