Legalising marijuana

Summary of proposal

The proposal would legalise all marijuana/cannabis/hemp use by adults, as well as possession, cultivation, processing, transport, trade, import and export. No excise would be imposed on marijuana.

This proposal would also reduce the budgets of relevant federal agencies including the Australian Federal Police (AFP), Australian Crime Commission (ACC), and the Australian Border Force (ABF) by the level of funding directly associated with marijuana law enforcement.

An estimate of the effect of this proposal on total marijuana usage was also requested.

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Legalising marijuana

Summary of proposal

The proposal would legalise all marijuana/cannabis/hemp use by adults, as well as possession, cultivation, processing, transport, trade, import and export. No excise would be imposed on marijuana.

This proposal would also reduce the budgets of relevant federal agencies including the Australian Federal Police (AFP), Australian Crime Commission (ACC), and the Australian Border Force (ABF) by the level of funding directly associated with marijuana law enforcement.

An estimate of the effect of this proposal on total marijuana usage was also requested.

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Financing state property tax reform

Summary of proposal

Under this proposal the Commonwealth Government would provide concessional loans to state and territory governments (excluding the ACT) to enable them to replace their existing stamp duty on sales of residential and non-residential property with a broad based land tax.

From 1 July 2017, property acquisitions would not be liable for stamp duty, but would instead commence paying an annual land tax.

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Financing state property tax reform

Summary of proposal

Under this proposal the Commonwealth Government would provide concessional loans to state and territory governments (excluding the ACT) to enable them to replace their existing stamp duty on sales of residential and non-residential property with a broad based land tax.

From 1 July 2017, property acquisitions would not be liable for stamp duty, but would instead commence paying an annual land tax.

Read more

Financing state property tax reform

Summary of proposal

Under this proposal the Commonwealth Government would provide concessional loans to state and territory governments (excluding the ACT) to enable them to replace their existing stamp duty on sales of residential and non-residential property with a broad based land tax.

From 1 July 2017, property acquisitions would not be liable for stamp duty, but would instead commence paying an annual land tax.

Read more

Financing state property tax reform

Summary of proposal

Under this proposal the Commonwealth Government would provide concessional loans to state and territory governments (excluding the ACT) to enable them to replace their existing stamp duty on sales of residential and non-residential property with a broad based land tax.

From 1 July 2017, property acquisitions would not be liable for stamp duty, but would instead commence paying an annual land tax.

Read more

GST-free electricity

Summary of proposal

The proposal would make electricity supplied Goods and Services Tax (GST) free unless it is supplied in a battery.

Equipment for self-generation of electricity, like generators and solar panels, would remain subject to GST.

States and territories would not be compensated for the reduction in GST revenue collections.

The start date of this proposal is 1 January 2018.

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GST-free electricity

Summary of proposal

The proposal would make electricity supplied Goods and Services Tax (GST) free unless it is supplied in a battery.

Equipment for self-generation of electricity, like generators and solar panels, would remain subject to GST.

States and territories would not be compensated for the reduction in GST revenue collections.

The start date of this proposal is 1 January 2018.

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Taxation of Uber and taxis

Summary of proposal

The proposal included two options to change the requirement to register for Goods and Services Tax (GST).

Option 1 – Remove compulsory GST registration for ride-sourcing services only:

Suppliers of ride-sourcing services (such as Uber) with a turnover below $75,000 would no longer be required to register for GST.

Option 2 – Remove compulsory GST registration for all taxi travel services:

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Taxation of Uber and taxis

Summary of proposal

The proposal included two options to change the requirement to register for Goods and Services Tax (GST).

Option 1 – Remove compulsory GST registration for ride-sourcing services only:

Suppliers of ride-sourcing services (such as Uber) with a turnover below $75,000 would no longer be required to register for GST.

Option 2 – Remove compulsory GST registration for all taxi travel services:

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