Explanatory Memorandum
(Circulated by authority of the Treasurer, the Hon Peter Costello MP)Regulation Impact Statement and Financial Impact Statement
Regulation Impact Statement
Schedule 1 - Liability of directors of corporate trustees
The Office of Regulation Review advised that a Regulation Impact Statement is not required in relation to the amendments in Schedule 1.
Schedule 2 - Technical amendment to auditor independence provisions
The Office of Regulation Review advised that a Regulation Impact Statement is not required in relation to the amendment in Schedule 2.
Financial impact statement
The Bill has no significant financial impact on Commonwealth expenditure or revenue.
Copyright notice
© Australian Taxation Office for the Commonwealth of Australia
You are free to copy, adapt, modify, transmit and distribute material on this website as you wish (but not in any way that suggests the ATO or the Commonwealth endorses you or any of your services or products).
