15 Jul 1313 Infrastructure Proclamation made
Tax Laws Amendment (2013 Measures No 2) Commencement Proclamation 2013 was made by the Governor-General on 11 July 2013 and registered on the Federal Register of Legislative Instruments on the same day as Legislative Instrument - F2013L01359.
The Proclamation fixed 11 July 2013 as the day on which Parts 1 to 3 of Schedule 2 to Tax Laws Amendment (2013 Measures No 2) Act 2013 (the Act) commenced.
Schedule 2 to the Act enables the losses generated in the construction phase of certain infrastructure projects to be increased on an annual basis to counter the effect of the passage of time from when the losses are incurred to when they can be used against income generated in the operational phase.
For a copy of the Explanatory Statement, click on the Explanatory Statement tab.