Reforms to taxation of Public Private Partnerships: Contact for media comment
16 August 2007
The Minister for Revenue and Assistant Treasurer, Peter Dutton, is expected to today introduce into Federal Parliament changes to the Income Tax Assessment Act relating to the taxation of Public Private Partnerships (PPPs).
If passed, the changes to Division 250 and repeal of Section 51AD of the Act improving the tax treatment of PPPs for private entities are likely to boost the attractiveness of PPPs to business. This may reduce the costs of building new community infrastructure when PPPs are involved.
Charles Armitage, Leighton O'Brien and Phillip Cornwell, partners from leading law firm Allens Arthur Robinson are available for comment on the ramifications of the Division 250 changes for:
- tax experts
- project financiers
- infrastructure developers
- anyone looking to build, own, operate or finance infrastructure.
Ends
For further information, please contact:
- Ruth DeleonBusiness Development Manager, Tax,
Sydney
Ph: +61 2 9230 4221
Ruth.Deleon@aar.com.au - David McCluneDirector - Marketing & Client Services,
Melbourne
Ph: +61 3 9613 8965
David.McClune@aar.com.au
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Notes for editors.
Founded in 1822, Allens Arthur Robinson offers one of the most comprehensive legal networks in Australia and Asia with more than 1500 personnel based in 14 cities and eight countries across the region. Clients voted Allens Arthur Robinson the Best Professional Services Firm (revenue over $200 million) and Best Law Firm (revenue over $100 million) in the annual BRW Client Choice Awards 2005, 2006 and 2008. We have been an EOWA Employer of Choice for Women since 2004.
