Nick Minchin (SA, Liberal Party, Minister for Finance and Administration) Share this | Hansard source

The question was directed to me as the Assistant Treasurer. Nevertheless, with regard to the issue of managed investment schemes, the government has been reviewing the taxation treatment of plantation forestry. You may not have noticed, so I draw your attention to an announcement that was made on budget night that there are proposed new tax arrangements for investments in forestry managed investment schemes. The government has called for submissions from industry and other stakeholders on the proposed arrangements. These are due on 14 July. I imagine that the opposition can make a submission if it wants to too. The government also announced that it intended to conduct further consultation with industry on the application of the new taxation arrangements to non-forestry agricultural managed investment schemes.