It was proclaimed by the Assistant Treasurer of Australia that the Australian on 8 November 2013, Board of Taxation will extend its review of income tax rules to permit the board to consider the more extensive tax framework in which private business operates.

Moreover, the board has canvassed three models for addressing Division 7A changes and has advised that there are complexities connected with each of the options proposed.

The board is due to submit a final report to the government by 31 October 2014.