How can government offer tax incentives in its contracts with private parties?

A Clayton Utz article, posted to the Mondaq website, talks about governments who might want to offer a range of incentives when contracting with private parties, but what are the relevant limitations?

Can a Government promise tax relief in a contract – and is such a promise enforceable?

The High Court has usefully clarified some of these issues in Port of Portland Pty Ltd v Victoria [2010] HCA 44 (8 December 2010).

Click here to read the full article.

To keep up to date with Tax Laws, why not inquire about TimeBase's Point-in-Time Tax Service, just one of a range of Australian Legislation services provided by TimeBase.