On 28 April 2015, the Australian Treasury published an Exposure Draft for public comment on five measures amending the country's tax consolidation regime. The measures include:
- Remove a double benefit (or double detriment) that can arise in respect of certain liabilities held by a joining entity that is acquired by a consolidated group;
- Remove anomalies that arise when an entity joins or leaves a consolidated group where the entity has securitized an asset;
- Prevent the tax costs of a joining…