Dean Smith (WA, Liberal Party, Shadow Assistant Minister for Competition, Charities and Treasury) Share this | Hansard source

The matter of the established practice test was alluded to in Senator Bragg's contributions. The ASA submitted to the Senate economics committee:

If the definition for the established practice in relation to dividend payments remain loose, we see the risk of an administrative and financial burden for shareholders whose companies inadvertently fall foul of the legislation. Taxpayers will be required to amend their tax returns and super funds amend their allocations to beneficial holders dating back to however long it takes for the transaction to be classified.

Does the government accept that comment?