Staples Senate submission
Treasury Laws Amendment (Making Sure Foreign Investors Pay Their Fair Share of Tax and Other Measures) Bill 2018; Income Tax (Managed Investment Trust Withholding Tax) Amendment Bill 2018; Income Tax Rates Amendment (Sovereign Entities) Bill 2018
The Property Council of Australia welcomes the opportunity to comment on these Bills (together “the proposed legislation”).
The Property Council believes it is of overriding importance that the market can be certain of the investment framework for stapled structures moving forward. We encourage the Parliament to resolve the remaining policy issues and adopt the proposed legislation, unamended if necessary, to avoid further uncertainty and delay.