Parliament passes the Treasury Laws Amendment (Tax Accountability and Fairness) Act 2024, whose Schedule 5 is the PRRT deductions cap.
- Date
- 31 May 2024
The Treasury Laws Amendment (Tax Accountability and Fairness) Act 2024 (No. 37, 2024) became law at the end of May 2024. Schedule 5 inserts the PRRT deductions cap, effective from 1 July 2023.
Source: Treasury Laws Amendment (Tax Accountability and Fairness) Act 2024, Schedule 5