Foreign investor CGT concession for renewables

Question

1. Please set out the proposed foreign resident CGT concession for renewables in full, including the eligible investors, eligible assets, the form of the concession, and the period for which it applies. 2. When did Treasury commence work on this concession, which departments, agencies and ministerial offices were consulted, and which external stakeholders were consulted? 3. What evidence or representations did Treasury receive that renewable investment would be adversely affected without this concession? 4. What assumptions underpin the published costing of the concession, including assumptions about transaction volumes, asset values and investor behaviour, and could the final fiscal cost be higher than estimated? 5. Can projects or investors benefiting from this concession also receive support through the Capacity Investment Scheme or other Commonwealth renewable energy support programs, and has Treasury assessed the combined fiscal exposure of those supports?

Answer

See attached response.

Documents

• Question with answer (PDF) (opens in a new tab)
• SQ26-000316 001 BET094 - Foreign investor CGT concession for renewables.pdf (opens in a new tab)