On 9 December 2013, the Tax Laws Amendment (Research and Development) Bill 2013 passed the House of Representatives without amendment and will move to the Senate for consideration.
Following on from the House disagreement with the Senate amendment reported in DTN 18 November 2013 item 3, to the Commonwealth Inscribed Stock Amendment Bill 2013, the Senate agreed to an alternative amendment in its place and agreed to two Australian Greens amendments.
- How Division 293 tax is calculated
On 9 December 2013, the Institute of Chartered Accountants in Australia (ICAA) released its biannual report Essential guidance for the December 2013 reporting season highlighting regulatory considerations for preparers, directors and auditors of financial reports in light of prevailing economic conditions.
On 9 December 2013, the Minister for Agriculture, Barnaby Joyce, released the terms of reference for the Australian Government’s Agricultural Competitiveness White Paper.