Islamic Finance

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<p>GUEST OBSERVER</p>
<p>The Federal Government in its Budget pledged to "enhance access to asset backed financing" by removing key barriers to the use of asset backed financing arrangements imposed by Australia's current tax laws.</p>
<p>While the announcement was not made with much fanfare, it may prove to be one of the most significant tax changes in the Budget.</p>
<p>It is anticipated that the announcement may open the door to Islamic financing in Australia, thereby allowing Australian borrowers to access a new financial market to fund real estate and infrastructure projects.</p>
<p>This tax measure will apply from July 1, 2018.</p>
<p><em>John Moutsopoulos is partner, Norton Rose Fulbright Australia and can be <a href="https://www.nortonrosefulbright.com" target="_blank">contacted here</a>.</em></p>
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Islamic Finance

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