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On 16 January 2009, the Taxation Institute lodged a submission with Treasury on the Exposure Draft (ED) legislation and accompanying Explanatory Materials for the National Urban Water and Desalination Plan - urban water tax offset, released on 9 December 2008.

While the Taxation Institute is generally supportive of the approach in the ED, there are a number of key aspects of the ED which the Taxation Institute recommends should be amended prior to enactment if the urban water tax offset scheme is to meet the Government's stated objectives.

For a copy of the Taxation Institute's submission, go here.

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