Australia has published the Treasury Laws Amendment (Enterprise Tax Plan Base Rate Entities) Act 2018, which received royal assent (was enacted) on 31 August 2018. The Act amends the Income Tax Rates Act 1986 to provide that a corporate tax entity will not qualify for the lower 27.5% corporate tax rate if more than 80% of its assessable income is passive income ({News-2018-08-27/A/2-previous c…