The Shipping Reform (Tax Incentives) Act 2012 – Subsection 10(5) specification of kinds of vessels was registered on the Federal Register of Legislative Instruments Wed 15.5.2013. It specifies 6 additional kinds of vessels which are not to be “excluded vessels”, and therefore would be eligible for tax concessions under the Shipping Reform (Tax Incentives) Act 2012. The instrument is taken to have commenced on 1 July 2012 to allow eligible vessels to benefit from the tax concessions for the current financial year.
[LTN 92, 15/5/13]