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The Issues Log

Issue: CB 33, DV19, HE

Submission Number	127
Submitter
Section / Provision Income Tax Act 2007	CB 33, DV19, HE
Section / Provision Income Tax Act 2004	HF 1
Date Received	20/08/2009
Description of issue	A submission received from Professor Prebble considers that section CB 33 of the 2007 Act contains an unintended change in law, in that it no longer completely overrides the principle of mutuality in relation to the amounts derived by an association from the provision of goods and services between an association and its members.
Section / Provision Income Tax Act 1994
Status	Finalised
Outcome	The Panel concludes there is: • Issue 2: An unintended legislative change arises in respect of section CB 33 of the ITA 2007. • Issue 1: No unintended legislative change arises in respect of section HE 2. • Issue 3: An unintended legislative change arises in respect of section DV 19 •That each of the provisions be amended retrospectively.

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