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Second Reading Speeches

Tax Laws Amendment (Norfolk Island CGT Exemption) Bill 2016

Type
Government
Portfolio
Treasury
Originating house
House of Representatives
Status
Act
Parliament no
44

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Summary

Amends the

Income Tax (Transitional Provisions) Act 1997
to exempt assets held by Norfolk Island residents before 24 October 2015 from capital gains tax; and the
Income Tax Assessment Act 1997
to make consequential amendments.

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