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08 August 2018

Australian Treasury releases Exposure Draft Law on stapled structures for consultation

The Australian Treasury released exposure draft (ED) legislation on August 7, of previously announced integrity rules which will apply to stapled entities. The ED follows the June 28 discussion paper, and is intended to supplement the main amendments in the ED issued on July 26. The integrity rules will apply to stapled entities comprised of asset-owning managed investment trusts (MITs) and their stapled operating entities, where the stapled entity is permitted to continue under the transitional rules and/or approved economic infrastructure facility exception.

A Global Tax Alert, attached below, provides additional details.

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Document ID: 2018-1598

 

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