Thursday, 21 June 2012
Selection Committee; Report
I present report No. 8 of the Selection Committee, relating to the consideration of bills. The report will be printed in the Hansard for today. Copies of the report have been placed on the table.
Report relating to the consideration of bills introduced 18 to 21 June 2012
1. The committee met in private session on 20 and 21 June 2012.
2. The committee determined that the Tax Laws Amendment (Managed Investment Trust Withholding Tax) Bill 2012 be referred to the Standing Committee on Economics for inquiry and report.
REASONS FOR REFERRAL/PRINCIPAL ISSUES FOR CONSIDERATION: (a) doubling of tax; (b) impact on investment in Australia; (c) sovereign risk issues; and (d) impact on long term infrastructure investment and other investment.