Ann: Profit upgrade , page-6

With oil and fuel prices moving sharply higher and now further gov tax incentives for green building works, this should be good for the continuing growth of AFT.

received this in an email from my accountant today.

" The Assistant Treasurer has released a public consultation paper regarding tax breaks for redevelopments that will substantially improve the energy efficiency of existing buildings.

From 1 July 2011, the Tax Breaks for Green Buildings scheme will offer businesses that invest in eligible assets or capital works to improve the energy efficiency of their existing buildings - from 2 stars or lower to 4 stars or higher - the ability to apply for a one-off bonus tax deduction of 50% of the cost of these improvements.

Editor: For more information on the eligibility criteria and assessment and certification processes, please refer to the Tax Breaks for Green Buildings information page at www.climatechange.gov.au "