Presentations addressed the key reform proposals contained in the Exposure Draft Bill, including:
- the General Conversion Rule to apply to foreign currency transactions
- rules to govern when foreign currency gains and losses are brought to account for income tax purposes and the exceptions to the rules
- rules to govern the character of foreign currency gains and losses for income tax purposes
- functional currency rules for certain resident and non-resident taxpayers
- rules to 'defer' the taxing point for traditional securities in particular circumstances.