Forestry Managed Investment Scheme Amendments: Exposure Draft Legislation and Explanatory Material

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Abstract:

The Assistant Treasurer, Senator the Hon Nick Sherry, has released exposure draft legislation, and associated explanatory material, on the proposed changes to the four year holding period rule for forestry managed investment schemes (MIS).

The exposure draft legislation amends the four year holding period rule for forestry MIS, as announced by the Assistant Treasurer on 21 October 2009.

Making a submission

Interested parties are invited to comment on the exposure draft legislation and associated explanatory material. While submissions may be lodged electronically or by post, electronic lodgement is preferred. For accessibility reasons, please submit responses sent via email in a Word or RTF format. An additional PDF version may also be submitted.

All information (including name and address details) contained in submissions will be made available to the public on the Treasury website unless you indicate that you would like all or part of your submission to remain in confidence. Automatically generated confidentiality statements in emails do not suffice for this purpose. Respondents who would like part of their submission to remain in confidence should provide this information marked as such in a separate attachment. Legal requirements, such as those imposed by the Freedom of Information Act 1982, may affect the confidentiality of your submission.

Closing date for submissions: Friday, 15 January 2010

Address written submissions to:
Manager
Industry Tax Policy Unit
Business Tax Division
The Treasury
Langton Crescent
PARKES ACT 2600

Email: forestryamendments@treasury.gov.au

Documents Available:

 Acrobat (PDF)

 Microsoft Word (RTF)

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