The State Taxation Acts Amendment Bill 2019, passed the Legislative Assembly (Lower House) on 29 May 2019 and was introduced and read a first time in the Legislative Council (Upper House). The Bill contains the various measures announced by the Andrews Labor Government, in Victoria, earlier that week.

See also a related Tax Technical article about unannounced, but serious changes, to the ‘economic entitlement’ provisions, that affect profit share development arrangements with owners.

See below for a summary of the Bill’s general effect.

FJM 31.5.19

 

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