Outcomes and Communication

When an unintended legislative change is confirmed by the Panel, the Panel will make a recommendation to the Government as to the preferred resolution. However, ultimately it is the Government's decision.

The Panel anticipates that the Government will decide to either:

• promote and amendment to the ITA 2007 to reinstate the outcome given under the ITA 2004/ ITA 1994, or
• retain the unintended change to be retained in the legislation.

Given the circumstances of the case, the Government may also decide if the issue merits wider consultation, under the generic tax policy process, before any amendment is undertaken.  The Government will also decide the application date of any amendment, and whether the ITA 2007 Act will be amended retrospectively.

Submitters will be notified directly of the outcome.  The Panel's website will also record the outcome in the Issues Log.

Inland Revenue will also publish the outcome of issues reviewed by the Panel in Inland Revenue's Tax Information Bulletin.