With the possible imminent passing of a bill in Parliament, as early as next week, to introduce retrospective legislation to reign in the Solar Bonus Scheme,are you, as investors in NSW, at all worried?
I understand that in Canada, The USA and The UK retrospective legislation is banned by the constitution.
Why would anyone invest say in a toll road or a tunnel, if the Government could turn around and move the "Goalposts"?
What if they said that everyone who got the "First Home Owners Grant" had to pay an extra $1000 tax per year till it was paid back?
This is setting a dangerous precedent IMHO