Tony Windsor (New England, Independent) Share this | Hansard source

My question is to the Minister for Revenue and Assistant Treasurer and relates to the government’s statement last Friday on compensation for those who have given up groundwater entitlements for the public good in the six valleys across New South Wales. Could the minister clarify the contradictory announcements, one from the minister and the other from the member for Gwydir, in terms of the triggering of a capital gains event and how capital gains taxation will apply to the compensation payments both pre and post the introduction of the capital gains tax provisions?

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