| Submission Number |
80 |
| Submitter |
Bell Gully |
Section / Provision Income Tax Act 2007 |
CC 9(1) and (2), YA 1 and Schedule 51 |
Section / Provision Income Tax Act 2004 |
CC 9(1) and (2) |
Date Received |
18/08/08 |
| Description of issue |
The new definitions of ‘natural resource’ and ‘land’ result in
an unintended change in the application of the royalty rules.
|
| Section / Provision Income Tax Act 1994 |
|
| Status |
Finalised |
| Outcome |
The Panel has concluded that there is an intended policy change
with unintended consequences. Income Tax Act 2007 be amended
retrospectively. |
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