21 Jun 12 2012 Measures No 2 Bill passed by House
Amendments 1 and 2 to the Bill omit Schedule 4 (Change to managed investment trust final withholding tax rate) and related provisions from the Bill.
In media release No 2012/049, issued 20 June 2012, the Assistant Treasurer and Minister Assisting for Deregulation, David Bradbury, announced that the changes to the taxation of managed investment trusts (specifically doubling the rate of withholding tax to 15%) will be considered in a separate Bill to be introduced in the Parliament in coming days. On 21 June 2012, Tax Laws Amendment (Managed Investment Trust Withholding Tax) Bill 2012 was introduced into Parliament.
Tax Laws Amendment (2012 Measures No 2) Bill 2012 now proceeds to the Senate