Income Tax Point-in-Time Service Updates

Friday 6 March 2020 @ 3.53 p.m.

The Income Tax Point-in-Time Service has been updated to include the Treasury Laws Amendment (2018 Measures No. 2) Act 2020 (Cth) (Act 8 of 2020).

Act 8 of 2020

Schedule 1 to this Act amends the Corporations Act 2001 and National Consumer Credit Protection Act 2009 to expand the regulation-making powers to allow the regulations to provide for exemptions from the Australian Financial Services Licence and Australian Credit Licence requirements for the purposes of testing financial and credit products and services under certain conditions.

Schedule 2 to this Act amends the Income Tax Assessment Act 1997 venture capital and early stage investor tax concession provisions to make minor changes to ensure that the provisions operate as intended.

These amendments have been updated in the Point-in-Time Income Tax Service current to 5 March 2020. (NB: subscription required).

If you are not already a subscriber to this or other Point-in-Time Services then please contact us to find out more or to take a free trial.