House debates

Tuesday, 30 October 2012

Bills

Tax Laws Amendment (Clean Building Managed Investment Trust) Bill 2012; Consideration in Detail

12:50 pm

Photo of David BradburyDavid Bradbury (Lindsay, Australian Labor Party, Assistant Treasurer ) Share this | Hansard source

I seek leave to present a supplementary memorandum to the bill.

Leave granted.

I move the government amendment as circulated:

(1) Schedule 1, item 20, page 7 (lines 11 to 13), omit subsection 12 430(2), substitute:

(2) For the purpose of subsection (1):

(a) the construction of the building is taken to have commenced at the time the works on the lowest level (including any basement level) of the building commence; and

(b) the construction of the building is not taken to have commenced merely because works preparing the site for construction, or works undertaken below the lowest level of the building (including any basement level), have commenced.

Comments

No comments