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Proposals Paper - Income Tax Relief for Improvements to the Governance and Efficiency of Water Supply Entities


Friday, 27 May 2011

Content ID:



The 2011-12 Budget included a measure to make amendments to provide income tax relief where State and Territory government reforms to improve the governance and efficiency of shared private schemes for water supply, distribution and drainage would otherwise result in a capital gains tax (CGT) or a balancing adjustment event.

Treasury is releasing a proposals paper that will form the basis of consultation on the policy design of this measure. The proposals paper sets out, in broad terms, how the measure may be implemented.

The purpose of this proposals paper is to provide interested parties with an opportunity to comment on the policy design of the measure.

Making a submission

Interested parties are invited to comment on the design of the amendments as set out in the proposals paper. 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 July 2011

Address written submissions to:
The General Manager
Business Tax Division
The Treasury
Langton Crescent

Fax: (02) 6263 4471

Email: CGT_water@treasury.gov.au

For enquiries, please call Clare Hyden on (02) 6263 3870

Documents Available:

Acrobat (PDF) documents

 Acrobat (PDF)

Proposals Paper - Income Tax Relief for Improvements to Governance & Efficiency of Water Supply  181.70kb

Microsoft Word (RTF) documents

 Microsoft Word (RTF)

Proposals Paper - Income Tax Relief for Improvements to Governance & Efficiency of Water Supply  320.48kb

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