Hi Mike ,
I'm sure one of your tax partner colleagues could take you through this a bit better than I , but it's a bit year 1 Tax Law and Politics and Government at MonashUni. Perhaps someones son could lend you a hand.
Which to be honest is all now somewhat very disconcerting if I'm interpreting your response as genuine.
Of course you are aware that many Policy Statements by Federal Ministers do not result in any Gazetted notice. If the Legislation does not provide or if their are no prescribed Regulations that govern the Policy Statement you do not Gazette ; where their is no amendment or creation of a Regulation their is no Gazetted notice. Many Regulations are made by Ministers from time as they see fit. The usual framework usually contains the operative " The Minister may from time to time may make regulations". Of course down the track bits and pieces may need to be enacted to reflect Policy announcements, you might like to have a look at the annual announcements by the Federal Treasurer in the Federal Budget, too numerous to mention. Sometimes many months down the track Legislative or Regulations are created or amended, but the operative date is the date announced by the Treasurer in the Budget that night, You might recall the classic statement from many a Treasurer " That from tonight.... Or From the 1st of July etc etc
One of the most infamous Policy Statements by a Federal Treasurer was Paul Keating's Float of the Australian dollar which required neither Legislation or Regulation. It Just happened from midnight the same day. Peter Costello was infamously known as the Treasurer who enacted Policy by Media Release.
I suggest you contact, as I have, the the Federal Ministers spokesperson who did confirm the BAN on MIT's holding residential property ( as defined in Scott Morrisons statement of the 14th September 2017).
You might like to read some of the press in some of national papers following the Treasurers announcement of September. Not some of the mickey mouse pieces that proliferate online that have their origins from press releases, selling regurgitated Spin, you'll just get dizzy.
Reading for you:
ps. Hi Arthur,
Still looking forward to you response to my pretty simple questions directed to you earlier today.
www.theaustralian.com.au/business/property/billions-of-dollars-in-investment-at-risk-as-treasurer-slams-brakes-on-buildto
http://www.copyright link/real-esta...vest-in-buildtorent-treasurer-20170915-gyi4hb
http://www.copyright link/news/econ...morrisons-sudden-trust-change-20170915-gyigzj
http://property.grantthornton.com.a...uild-to-rent-asset-class-at-risk-in-australia
https://thenewdaily.com.au/money/finance-news/2017/09/17/affordable-housing-treasurer-own-goal/
(20min delay)
