Bright-Line Test and the Overseas Investment Amendment Bill

A quick update on the extension of the Bright-Line Test and the status of the Overseas Investment Amendment Bill. Extension of the Bright-Line Test The Taxation (Annual Rates for 2017-18, Employment and Investment Income, and Remedial Matters) Act (“the Act”) received Royal Assent last Thursday, being 29 March 2018. The Act amends a number of…