The Federal Government has announced it will remove tax disincentives in a bid to encourage more private investment in infrastructure projects.


Assistant Treasurer, Bill Shorten, and Federal Minister for Infrastructure and Transport Anthony Albanese, released a discussion paper on the 2011/12 budget initiative.


The new rules for tax losses that are attributable to designated infrastructure projects will:
  • Uplift the value of carry forward tax losses by the 10 year Government bond rate
  • Exempt the tax losses from the continuity of ownership test and the same business test.


The discussion paper can be found here


Closing date for submissions is Friday, 9 December.