Senate debates
Wednesday, 21 June 2006
Questions without Notice
Managed Investment Schemes
2:19 pm
Nick Minchin (SA, Liberal Party, Minister for Finance and Administration) Share this | Hansard source
That was an absolutely pathetic attempt to suggest that there is any division on this. Senator Abetz is proving to be an absolutely outstanding Minister for Fisheries, Forestry and Conservation. I commend Senator Abetz on the fantastic job he is doing representing forestry. The minister is an outstanding advocate of the role that managed investment schemes have played in promoting the plantation industry in this country. It is a vital industry for many regional communities, which you lot would never understand. We have announced a policy of reviewing the taxation arrangements for these managed investment schemes. Managed investment schemes will continue, but we keep the taxation arrangements under review. Senator Abetz is playing a critical part in that review, and I commend him on his role.
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