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Taxation treatment of certain unit trusts



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T R E A S U R E R

NO EMBARGO

PRESS RELEASE NO. 34

STATEMENT BY THE TREASURER, THE HON JOHN HOWARD, MP

TAXATION TREATMENT OF CERTAIN UNIT TRUSTS

In response to a number of representations, the

Government has carefully reconsidered the decision

taken in July 1980 to alter the taxation treatment

of the income of certain unit trusts.

The Government has decided to make no alteration

to the decision as announced on 16 July 1980.

It is hoped to introduce legislation to give

effect to that decision during the Autumn Sittings

of Parliament.

CANBERRA

10 March 1981