News in brief… 18 November 2022

Treasury consults on off-market share buy-backs integrity measure; ATO seeks feedback on draft legislation for recipient created tax invoice; APRA opens consultation on updated guidance on super trustee investment governance

Treasury consults on off-market share buy-backs integrity measure Treasury has released for consultation exposure draft legislation on an integrity measure to align the tax treatment of off-market share buy-backs undertaken by listed public companies with the tax treatment of on-market share buy-backs. According to Treasury, the legislation will ensure that where a listed public company undertakes an off-market share buy-back of a share or non-share equity interest, no part of the purchase ...

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Published Date: 18 November 2022