Australia: Amendments to new interest limitation / thin capitalisation rules bill referred to Senate committee
Further consideration will take place once the Committee has presented its report by 5 February 2024
Amendments to new interest limitation / thin capitalisation rules bill referred to Senate
The Senate agreed to the opposition’s amendments [PDF 94 KB] to refer the federal government’s amendments [PDF 357 KB] to the bill containing the new interest limitation / thin capitalisation rules to the Senate Economics Legislation Committee.
Further consideration to the Treasury Laws Amendment (Making Multinationals Pay Their Fair Share—Integrity and Transparency) Bill 2023 will take place once the Committee has presented its report by 5 February 2024.
Both houses of Parliament resume sitting on 6 February 2024.
The government originally referred the bill to the Committee on 22 June 2023, and the Committee published its report on 22 September 2023.
Following consultation in October on further technical amendments to Schedule 2, the government’s amendments to the bill were proposed in the Senate last week. Read TaxNewsFlash
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