House of Representatives

Trust Recoupment Tax Assessment Bill 1985

Trust Recoupment Tax Assessment Act 1985

Trust Recoupment Tax Bill 1985

Trust Recoupment Tax Act 1985

Trust Recoupment Tax (Consequential Amendments) Bill 1985

Trust Recoupment Tax (Consequential Amendments) Act 1985

Explanatory Memorandum

(Circulated by authority of the Treasurer, the Hon. Paul Keating, M.P.)

Financial Impact

The proposed legislation will ensure the recovery of tax sought to be avoided through new generation trust stripping schemes already entered into (presently estimated at about $10m) and prevent revenue losses from future schemes that might otherwise be entered into.

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