Green Markets

EWN Publishing

Federal tax breaks for building owners prepared to invest in green retrofitting

Posted by gmarkets on 26 September, 2007

This week, the Property Council and Australian Conservation Foundation joined forces to call for federal tax breaks —dubbed green depreciation — for building owners prepared to invest in green retrofitting, reported The Age (1/9/2007, p.5).

Big effect on take-up expected: That call has now been echoed by former World Green Building Council president, Che Wall. “Any fiscal incentives like increased depreciation should make a huge difference to the take-up of sustainable technology, particularly on refurbished stock,” said Wall, also a group director of the environ­mental engineering firm Lincoln Scott.

The Age, 1/9/2007, p. 5

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