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Potential Changes to the Eligible Investment Rules for Managed Funds, Including Property Trusts

Date:

Friday, 22 February 2008

Content ID:

1347

Abstract:

The Government has announced that it has asked the Board of Taxation to examine options for a managed investments tax regime in Australia, including the potential for a specific tax regime for REITs. Furthermore, the announcement indicated that Treasury would, in consultation with industry, consider the best way to streamline and simplify the operation of Division 6C as an interim step while the Board of Taxation undertakes its deliberations.

Pending the review by the Board of Taxation, Treasury is seeking public comment on potential changes to Division 6C of the Income Tax Assessment Act 1936, which provides eligible investment rules for widely held managed investment trusts (managed funds), including property trusts.

Comment closing date: 17 March 2008

Address written comments to:

Raphael Cicchini
Manager Trusts
Business Tax Division
The Treasury
Langton Crescent
PARKES ACT 2600

Email: raphael.cicchini@treasury.gov.au

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Related Items:

Submissions: Potential Changes to the Eligible Investment Rules for Managed Funds - 10/04/2008

Pending a review by the Board of Taxation, Treasury is seeking public comment on potential changes to Division 6C of the Income Tax Assessment Act 1936, which provides eligible investment rules for widely held managed investment trusts (managed funds), including property trusts.

Submissions regarding changes to this Act are listed below.

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