House of Representatives

Explanatory Memorandum

(Circulated by authority of the Treasurer, the Hon. P.J. Keating, M.P.)

FINANCIAL IMPACT

The potential revenue saving by replacing immediate deductibility of water conservation or conveyance expenditure with write-off in equal instalments over 3 years is estimated at $20m in 1986-87 and $13m in 1987-88.