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[Tax Bill Update]
2009 and 2010 years unaffected
The legislation changes affecting tax pooling are expected to be passed shortly. These changes will NOT impact the 2009 and 2010 years. You can still purchase provisional and terminal tax shortfalls for these years as normal.
2008 year and earlier
Once the legislation changes take effect taxpayers will only be able to use tax pooling for these years where there is an audit or reassessment due to voluntary disclosure. This will apply to audits and reassessments of all tax types (currently it is just for income tax).
If they have just forgotten to pay their tax for these early periods, they will no longer be able to use tax pooling for that purpose.