The proposal would amend the definition of a ‘fuel efficient car’ for the purposes of the luxury car tax to include vehicles with a fuel consumption of no more than 4 litres per 100km (the current definition includes vehicles with a fuel consumption of no more than 7 litres per 100km).

The request also sought an assessment of the behavioural impact of the proposal on the sale of luxury cars.

The proposal would start 1 July 2023.

The proposal would amend the definition of a ‘fuel efficient car’ for the purposes of the luxury car tax to include vehicles with a fuel consumption of no more than 4 litres per 100km (the current definition includes vehicles with a fuel consumption of no more than 7 litres per 100km).

The request also sought an assessment of the behavioural impact of the proposal on the sale of luxury cars.

The proposal would start 1 July 2023.

The proposal has three components.

Component 1 – Phase out the capital gains tax discount

The proposal has three components that would provide support for the Australian video game industry with investment and tax incentives.

Component 1 – Establish a Games Investment and Enterprise Fund, with investment of $100 million evenly split over 2019‐20, 2020‐21 and 2021‐22.  

Component 2 – Extend the producer tax offset and the post, digital or visual effects tax offset to video game developers.

Component 3 – Allocate $5 million in 2019‐20 to assist in the development of creative co‐working spaces.

This proposal would legalise the production and sale of recreational cannabis in Australia through a tightly regulated model, as follows.

This proposal would legalise the production and sale of recreational cannabis in Australia through a tightly regulated model, as follows.

This proposal would legalise the production and sale of recreational cannabis in Australia through a tightly regulated model, as follows.

This proposal would change the thin capitalisation rules by removing the ‘safe harbour’ and ‘arm’s length’ debt tests, leaving only the ‘worldwide gearing’ debt test.

The proposal would have effect for income years starting from 1 July 2019.

This proposal would change the thin capitalisation rules by removing the ‘safe harbour’ and ‘arm’s length’ debt tests, leaving only the ‘worldwide gearing’ debt test.

The proposal would have effect for income years starting from 1 July 2019.

This proposal has four components.