Infrastructure - enhanced loss utilisations for designated projects

The government announced in the 2011-12 Budget it will introduce a new tax incentive designed to remove impediments in the tax system that discourage private investment in infrastructure projects.

The government aims to encourage private sector investment in nationally significant infrastructure projects by doing both of the following:

• uplifting the value of carry forward losses by the 10 year Government bond rate
• exempting the losses from the continuity of ownership test and the same business test.

Draft legislation and explanatory memorandum was released on 18 April 2013.

Media release

For more information, refer to:

• joint media release number 050/2013 - Tax loss incentive for designated infrastructure projects issued by the Assistant Treasurer and the Minister for Infrastructure and Transport on 18 April 2013
• joint media release number 054/2011 - Delivering the infrastructure Australia needs by the Treasurer and the Minister for Infrastructure and Transport on 10 May 2011.

Legislation and supporting material

Exposure Draft and explanatory memorandum were released by the Assistant Treasurer on 18 April 2013. Submissions close on 30 April 2013.

More information Further information can be found in: Budget Papers No. 2 - Budget Measures 2011/12 (Page 29, 1.2MB) Discussion Paper - Tax Loss Incentive for Designated Infrastructure released by the Treasurer on 26 October 2011.