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New Rules, New Traps

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Published on 01 Aug 01 by "TAXATION IN AUSTRALIA" JOURNAL ARTICLE

On Remembrance Day 1999, the Government announced that it would introduce a uniform capital allowance system and that it was committed to simplifying the tax law by streamlining the tax treatment for depreciating assets.

Author profile

Karen Payne
Karen Payne, CTA, was appointed Inspector-General of Taxation & Taxation Ombudsman commencing on 6 May 2019. She leads the Taxation Ombudsman complaints management service for taxpayers and advisers and the Inspector-General of Taxation’s review and public reporting function, both of which are directed at improving the tax administration system for all taxpayers. Karen was previously a Member of the Board of Taxation as well as the inaugural Chief Executive Officer of the Board of Taxation. She was formerly a partner with MinterEllison, specialising in corporate and international tax for mergers and acquisitions, and capital raising for the financial services, mining, energy, and utilities sectors. She brings a wealth of experience and extensive networks to the role of Inspector-General having worked with a range of government and private stakeholders as well as the legal and tax profession, and many industry bodies. - Current at 26 July 2023
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