Property Council thrilled by Barr tax reforms

johnboy 20 June 2012

The Property Council is letting it be known just how happy they are with the Ted Quinlan proposed tax reform process Andrew Barr is undertaking:

Property Council Executive Director of International & Capital Markets, Andrew Mihno, said: “The ACT government’s new rules will strip away critical barriers to investment for property investors.”

Property Council ACT Executive Director, Catherine Carter, said: “The industry applauds the ACT Government’s policy initiative and decisive action”.

“This will give unit trust investors the ability to increase their portfolio investment in ACT property by 30%.”

Mr Mihno added: “The ACT government’s simple and intelligent approach has solved a raft of problems that were holding back investment.”

Somewhere Zed Seselja raises his to the sky and cries:

My God, my God, why hast thou forsaken me

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