DOUBTS over whether negotiations on a future compulsory annuitisation law would be conducted in good faith emerged on Tuesday during discussions on the Revenue Laws Amendment Bill, which aims to postpone the implementation of the annuitisation regime until March 2018.Following labour’s strident opposition to the Taxation Laws Amendment Act last month, the government had to postpone implementation from March 1 to allow for further negotiations.Now Parliament’s two finance committees are working on the possible imposition of conditions on the two-year postponement to ensure parties to the negotiations abide by their commitments.These conditions could be embodied in a memorandum of understanding between the Treasury and the trade unions, or in a legally enforceable ministerial undertaking to Parliament or in a report of the committees.More clarity on the way forward is expected to emerge from Wednesday’s meeting of the standing committee on finance after informal discussions on Tuesday...
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