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Taxation Laws Amendment (Drought Relief Measures) Act 1995 (No. 31 of 1995).

Country/Territory
Australia
Document type
Legislation
Date
1995
Source
FAO, FAOLEX
Long title
An Act to amend the law relating to taxation.
Subject
Water
Keyword
Water shortage/drought Subsidy/incentive
Geographical area
Asia and the Pacific, Australia and New Zealand, Indian Ocean, Oceania, South Pacific
Abstract

The Act amends: (a) the Income Tax Assessment Act 1936, in order to provide for a tax incentive, in the form of a allowable deduction, to encourage primary producers and lessors of property to primary producers to invest in drought mitigation property and ; (b) the Loan (Income Equalization Deposits) Act 1976 relating to farm management bonds. (3 sections and 2 Schedules)

Full text
English
Website
www.austlii.edu.au