03 Apr 099 On the temporary investment allowanceMEMBER 6 writes:
"Its my understanding that the Bill introducing the Government's temporary investment allowance of either 10% or 30% has been sent to a Senate Committee which is not due to report back to the Senate until early May 2009. Assuming the Senate then passes the Bill it will still need Royal Assent, which could mean that it becomes law in say mid to late May 2009.
What do we tell clients? Should they run the risk and place orders now to try and qualify for the 30% deduction? What happens if for some reason the legislation isn't passed? Is it worth the risk for businesses to bring forward large investment decisions on the off chance legislation may pass? Could it be another alcopop fiasco? That's the thing with governing by press release!"