The legislation in this exposure draft aims to encourage private sector investment in nationally significant infrastructure projects, by:
- uplifting the value of carry forward losses by the 10 year Government bond rate; and
- exempting the losses from the continuity of ownership test and the same business test.
The purpose of this consultation is to provide interested parties with an opportunity to provide feedback on the proposed legislation, explanatory memorandum and guidelines, building on comments provided on the earlier consultation paper. This feedback is valuable in ensuring the effective implementation of this measure.