CPA Australia lodged a submission with the Minister for Revenue and the Assistant Treasurer on 9 June 2006 in relation to the proposed amendments to the GST legislation following a case titled 'Marana Holdings Pty Ltd vs the Commissioner of Taxation'.

The submission outlined CPA Australia’s major concerns as follows:

• The amendments will merely add to the confusion that already exists among property investors and lead to arbitrary distinctions between different investment structures.
• The proposed amendments do not contain any transitional provisions for taxpayers who previously adopted the position of the taxpayer in the Marana case given that the law in this area was unclear.

In this submission, CPA Australia is strongly urging the Government to either vary the amendments in the existing Bill or to include appropriate transitional provisions to ensure that affected taxpayers are not disadvantaged.