The Government’s forward work program sets out the consultation it plans for announced tax measures and indicates the tax legislation it plans to introduce in the 2009 Winter Parliamentary sittings.
The forward work program includes:
- improving the Integrity of Prescribed Private Funds;
- increasing the R&D Expenditure cap for the existing R&D tax offset;
- introducing a new secrecy regime to standardise the tax secrecy laws in a single piece of legislation; and
- providing funding for an optional clearinghouse service to make superannuation compliance easier for small business.