Australian Income Tax Commentary and Legislation
Australian Income Tax Legislation & Commentary
Australian Income Tax Legislation & Commentary combines the full text of the Income Tax Assessment Acts and related legislation together with our comprehensive commentary service covering:
- Income Tax Assessment Act 1997;
- Income Tax Assessment Regulations 1997;
- Income Tax (Transitional Provisions) Act 1997;
- Income Tax Assessment Act 1936;
- Income Tax Regulations 1936; and
- Taxation Administration Act 1953.
Legislation includes full history notes and is updated as amendments occur.
Written by Thomson Reuters' experienced in-house tax writing team and a diverse range of proven external writers, the Commentary service provides comprehensive, practice-focused commentary and analysis relating to Australia’s main income tax laws updated regularly.
The Australian Income Tax Legislation & Commentary includes a divisional subject matter model for commentary, an updater link facility and currency statements to alert you to any developments that have happened since the commentary was last formally updated, and legislation to commentary link tables to assist you with locating the information you require in an efficient and effective way.
The ITAA 1997 Commentary is structured division-by-division of the Income Tax Assessment Act 1997 on a subject matter basis, as opposed to CCH’s annotated commentary which employs a rigid section-by-section analysis.
TR’s divisional subject matter approach to ITAA 1997 Commentary is superior; rather than simply explain how a particular provision works (the focus of annotated commentary), it provides commentary which explains how the law works. It is capable of much greater flexibility in drawing together disparate elements present in various provisions (including provisions outside the tax laws) which give the law its practical meaning/operation
Annotated commentary explains how a particular provision works and, by its nature, requires the writer to explain each particular provision or section of an Act in a way that mimics the structure of the Act. On the other hand, the divisional subject matter approach allows the commentary to be organised free of many of the constraints imposed by the structure of the legislation. The law continues to unfold through the practical application of the law – new areas of uncertainty, dispute and resolution continue to evolve. The divisional subject matter approach can address this process quickly and adroitly. This is unique in the marketplace.
While annotated commentary in print provides some convenience (by neatly packaging each provision with its dedicated bit of commentary), this is not what happens online – both CCH’s annotated commentary and TRs divisional subject matter commentary are presented quite separately to the legislation (which is accessed through hypertext links).
Current users of the CCH commentary accustomed to being able to quickly access commentary on a particular provision (because of the essentially “linear” roll out of annotated commentary) should be shown the comprehensive section finding list which can be found in each division or subdivision of the ITAA 1997 Commentary. The section finding list enables users who are researching a specific provision to quickly locate and click through to the commentary on that provision.
The ITAA 1936 Commentary is a traditional annotated commentary service in same manner as its CCH equivalent.