The Government has released for public consultation the draft guidance note for potential applicants regarding the processes for applications to the Treasurer for the economic infrastructure staples tax concession (the concession). The concession allows the Treasurer to approve applications for a 15 year concessional withholding tax rate for economic infrastructure projects in certain circumstances.
The draft guidance note aims to provide guidance to potential applicants on how to apply to the Treasurer for the concession by outlining:
- the criteria to access the concession;
- the process (which requires submission of a business case to Infrastructure Australia); and
- the information that applicants will need to provide.
The Government invites feedback from interested parties on the draft guidance note, in particular whether it provides sufficient information to enable interested parties to make an application.
You can submit responses to this consultation up until 17 January 2020. Interested parties are invited to comment on this consultation.
While submissions may be lodged electronically or by post, electronic lodgement is preferred. For accessibility reasons, please submit responses sent via email in a Word or RTF format. An additional PDF version may also be submitted.
All information (including name and address details) contained in submissions will be made available to the public on the Treasury website unless you indicate that you would like all or part of your submission to remain in confidence. Automatically generated confidentiality statements in emails do not suffice for this purpose. Respondents who would like part of their submission to remain in confidence should provide this information marked as such in a separate attachment.
Legal requirements, such as those imposed by the Freedom of Information Act 1982, may affect the confidentiality of your submission.
View our submission guidelines for further information.
How To Respond
Address written submissions to:
Corporate and International Tax Division
PARKES ACT 2600
Phone: Deepti Paton +61 2 6263 2765