The February 2012 issue of the Australian Tax Review includes three interesting articles covering different aspects of taxation law in Australia. The first article is by Chris Ohms and Karin Olesen and compares four Commonwealth jurisdictions in their handling of Interest payable on borrowed funds or on amounts owing. The second article comes from Sally Joseph and discusses the accessibility and application of the environmental protection provisions that provide a deduction for expenditure. The final article, by Hung Chu and Wayne Lonergan, discusses the valuation treatment of accommodation bonds and the confusion arising as a result.
The final Part for Volume 39 of the Australian Business Law Review includes articles on increased private enforcement of cartel laws in Australia, deductibility of interest and the evolution of Australia’s harmonised OHS laws. There is also a Competition Law and Market Regulation section and a Banking and Finance section.