One-year delay likely for negative gearing changes

Original article by Phillip Coorey
The Australian Financial Review – Page: 4 : 6-Dec-18

It is unlikely that Labor would be able to legislate its proposed negative gearing reforms in time for the start of the 2019-20 financial year if it wins the next federal election. The poll is tipped to be held on 11 or 18 May 2019, which would give a Labor government just six weeks to enact its reforms for them to take effect on 1 July. This means the reforms would most likely take effect in July 2020, although a Labor source has raised the possibility that the legislation could be backdated if it is passed after 1 July.

CORPORATES
AUSTRALIAN LABOR PARTY, CENTRE ALLIANCE, ONE NATION PARTY

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s