Dividend washing

Hi,

Can you please tell me if there is a bill going through parliament regarding dividend washing?

If so, will it be backdated?

A: Yes – the ‘Tax and Superannuation Laws Amendment  (2014 Measures No. 2) Bill 2014’. It has passed both Houses of Parliament (19 June), however it has yet to receive Royal Assent. The effective date for the changes to “distribution washing” is 1 July, 2013 – yes, it is being backdated.



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