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Debt Equity Rules - Treatment of Tier 2 Capital Instruments under Basel III capital Reforms

This consultation process has now been completed.
Date
-
Consultation Type
Discussion Paper

Key Documents

In the 2012-13 Budget, the Government announced that it will amend the income tax legislation in light of the Australian Prudential Regulation Authority’s adoption of the Basel III capital reforms.  It will ensure that on commencement of the Basel III capital reforms on 1 January 2013, certain capital instruments issued by authorised deposit taking institutions will not be precluded from being treated as debt for income tax purposes.

This discussion paper forms the basis for consultation on the design and implementation of this proposal.  The purpose of this discussion paper is to provide interested parties with an opportunity to comment on the design of the proposal.

Submissions

No submissions are currently available.