One of the functions of the Board of Taxation is to review legislation to assess its quality and effectiveness. To assist in fulfilling this function, the Board reviews legislation that has been in operation for at least two years (to ensure that tax practitioners and their clients have had a reasonable opportunity to become familiar with its operation).
The Board's intention in undertaking post-implementation reviews is not to reopen debates about the merits of the policy intent of legislation. The intention instead is to establish if the legislation is having its intended effect and to find out whether its implementation can be improved.
