House of Representatives

New Business Tax System (Consolidation) Bill (No. 1) 2002

Explanatory Memorandum

(Circulated by authority of the Treasurer, the Hon Peter Costello, MP)

[F1]

This refers to:

·
the COT for companies;
·
the substantial COT for listed public companies and their 100% owned subsidiaries; and
·
the 50% stake tests for trusts.


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