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Became law

A New Tax System (Closely Held Trusts) Bill 1999

Portfolio: Treasurer's portfolio

  1. Introduced13 May 1999
  2. Passed House8 June 1999
  3. Passed Senate28 June 1999
  4. Royal assent8 July 1999

What does this bill do, in plain English?

Changes how trusts owned by a small group of people are taxed under Australia's new tax system.

Source: Australian Parliament House bill record

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