Rex Patrick (SA, Centre Alliance) Share this | Hansard source

I have a question for the minister on this amendment. In relation to the point at which negative gearing ceases for primary producers' land, the amendment says in (1)(8)(d):

Subsection (1) does not stop you deducting a loss or outgoing relating to holding land if, at the critical time …

…   …   …

… residential premises are not being constructed on the land.

So at some point in time, when you start construction on the land, that will knock you out of negative gearing. The question I have is: is it from the point in time when you lodge a development application or is it when the slab is first raised? What is the time in relation to that particular provision?