House of Representatives

Taxation Administration Amendment (Recovery of Tax Debts) Bill 1986

Taxation Administration Amendment (Recovery of Tax Debts) Act 1986

Explanatory Memorandum

(Circulated by authority of the Treasurer the Hon. P.J. Keating, M.P.)

FINANCIAL IMPACT

The amendments proposed by this Bill will prevent the potential loss of revenue of the order of $900 million of which some $200 million would be collected in the 1986-87 financial year.

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