Christine Milne (Tasmania, Australian Greens) Share this | Hansard source

I want to thank the officials for taking the time to explain one of the technicalities of the amendments that I was concerned about, and that was whether, as to the managed investment trust changes and some of the managed investment schemes, there were a crossover and whether that effectively meant that managed investment schemes not only got the 100 per cent tax deduction upfront but could also opt, at the other end, to take advantage of the provisions relating to a choice of income or capital gains. But now I am satisfied that the forestry managed investment schemes are not captured by the changes to the managed investment trusts as proposed, and therefore I will not be opposing those government amendments.