The Tax Laws Amendment (2013 Measures No 2) Commencement Proclamation 2013 was registered on Thur 11.7.2013.
It fixes 11 July 2013 as the start date of the commencement of new rules to provide tax incentives for designated infrastructure projects contained in Parts 1 to 3 of Sch 1 to the Tax Laws Amendment (2013 Measures No 2) Act 2013 (which received Royal Assent on 29 June 2013). Note the provisions apply to income years starting on or after 1 July 2012 and therefore have a concessional retrospective element. Parts 1 to 3 of Sch 2 to the Act were commenced by Proclamation to ensure that the legislative instruments that support the administrative processes for access to the incentive (such as the process for applying for designation) were made.
Infrastructure Australia – consultation workshops – Infrastructure Australia will be conducting industry consultation workshops to facilitate better understanding of the tax incentive prior to the opening of applications. The workshops will be held in Sydney (30 July 2013) and Melbourne (2 August 2013). Infrastructure Australia has proposed that the application process would commence in mid-August. A final date will be confirmed following the industry consultation workshops. Further details on the workshops, including registration requirements, are available on the Infrastructure Australia website.
[LTN 133, 13/7/13]