Senate debates

Monday, 1 December 2008

Tax Laws Amendment (2008 Measures No. 5) Bill 2008

In Committee

9:26 pm

Photo of Stephen ConroyStephen Conroy (Victoria, Australian Labor Party, Deputy Leader of the Government in the Senate) Share this | Hansard source

I am just seeking some more information but, while I am getting that, subsection (2) sets out the conditions:

(a)
at the end of the income year, the trees occupy a continuous land area in Australia of 0.2 hectares or more;
(b)
at the time the trees are established, it is more likely than not that they will:
(i)
attain a crown cover of 20% or more; and
(ii)
reach a height of at least 2 metres;
(c)
on 1 January 1990, the area occupied by the trees was clear of other trees that:
(i)
attained, or were more likely than not to attain, a crown cover of 20% or more; and
(ii)
reached, or were more likely than not to reach, a height of at least 2 metres;
(d)
the establishment of the trees meets the requirements of the guidelines mentioned in subsection (3).

I will see if there is some more information I can gather for you.

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