The Assistant Treasurer has announced the outcome of consultations over the backlog of 92 announced but unlegislated tax and superannuation measures. (Background)

The Government previously announced that 18 measures would proceed, 3 would be amended and seven would not go ahead including motor vehicle FBT changes and the cap on self-education expenses.

Of the 64 measures that were considered further, 16 will proceed and 48 measures will not proceed (including Not-for-profit sector reforms ).

Those that are proceeding include:
•Capital gains tax treatment of earn out arrangements;
•Income tax treatment of instalment warrants;
•GST reverse charge for going concerns.

Those that are not proceeding include:
•Research and development tax incentive – quarterly credits;
•Capital gains tax relief for taxpayers affected by natural disasters;
•Symmetric treatment of bad debts.