As the limited roll-over relief to be introduced by
Subdivision 126-G is adequately broad, the Committee recommends the Senate pass
Schedule 1 without amendment.
Given the apparent conflict between the words of the
explanatory memorandum which refer to directly held assets and the terminology
used in the bill, the committee suggests that the words of the bill be amended
and that the heading of section 310-10 be changed to reflect that the section
applies in instances where the fund involved in the merger directly holds
After consideration of the proposed operation of the
amendments and the government's policy intent, the committee recommends the
Senate pass Schedule 3 without amendment.
The committee recommends the Senate pass Schedule 4 without
The committee recommends the Senate pass Schedule 5 without
After consideration of the proposed amendment, the committee
recommends the Senate pass Schedule 6 without amendment.
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