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01 Aug 13 Investment Manager Regime legislation released for consultation

In media release No 2013/014, issued 31 July 2013, the Treasurer, Chris Bowen, announced the release of the updated draft legislation for the third and final element of the Investment Manager Regime.

Under this legislation, gains of foreign funds from the disposal of portfolio interests in Australian assets will be largely exempt from Australian tax.

Consultation closes on Friday 13 September 2013.


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