Supplementary Explanatory Memorandum (NO. 2)(Circulated by the authority of the Treasurer, the Hon. J.C. Kerin, MP)
General Outline and Financial Impact of the Amendments
An amendment to the Bill is to be moved on behalf of the Government which will amend Taxation Laws Amendment Bill (No.2) 1991 to relax the requirements for a deduction where fences are erected primarily and principally to prevent land degradation. This amendment will not have any impact on the revenue.