In a press release issued on 9 May 2006, the Minister for Revenue and the Assistant Treasurer, Peter Dutton, announced that the Government is seeking the views of industry and other interested parties on proposed new taxation arrangements for investments in forestry managed investment schemes (MIS). The proposals outlined in the attachment to the press release are in response to the Government's review of forestry arrangements. Interested parties are invited to provide written comments on the forestry taxation arrangements by 6 June 2006.
For a copy of the Minister's press release, No 2006/025, 9 May 2006, go here
For more information on making submissions, go here