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The closing auction system is the best model

Martin Wheatley of the SFC months before the closing auction system allowed for HSBCs share drop

Australia amends consolidated group rules

Date: February 2010

By Jack Grocott

The Australian government has introduced new legislation to parliament that amends laws relating to consolidated groups, despite the changes being proposed nearly two years ago.

The Tax Laws Amendment (2010 Measures No 1) Bill 2010 was sent to parliament last week and follows the government's announcement in May 2008 that it would introduce measures from the previous administration.

The full version of this story is available at www.internationaltaxreview.com.