This proposal would introduce a new 40 per cent mining super profits tax on the super profits of individual Australian mining projects, where the super profits would be calculated at the project level as revenue less expenses.

This proposal would introduce a new 40 per cent mining super profits tax on the super profits of individual Australian mining projects, where the super profits would be calculated at the project level as revenue less expenses.

This request sought the amount of revenue that may have been raised from 2012-13 to 2019-20 if the original Resource Super Profits Tax (RSPT) was introduced by the Rudd Government from 1 July 2012.

The request specified that the design features of the RSPT should reflect the Rudd Government’s announcement paper The Resource Super Profits Tax: a fair return to the nation released in May 2010 and the Parliamentary Library Brief’s description of the tax¹. The key steps in calculating the RSPT are provided at Attachment B.

This request sought the amount of revenue that may have been raised from 2012-13 to 2019-20 if the original Resource Super Profits Tax (RSPT) was introduced by the Rudd Government from 1 July 2012.

The request specified that the design features of the RSPT should reflect the Rudd Government’s announcement paper The Resource Super Profits Tax: a fair return to the nation released in May 2010 and the Parliamentary Library Brief’s description of the tax¹. The key steps in calculating the RSPT are provided at Attachment B.

This request sought the amount of revenue that may have been raised from 2012-13 to 2019-20 if the original Resource Super Profits Tax (RSPT) was introduced by the Rudd Government from 1 July 2012.

The request specified that the design features of the RSPT should reflect the Rudd Government’s announcement paper The Resource Super Profits Tax: a fair return to the nation released in May 2010 and the Parliamentary Library Brief’s description of the tax¹. The key steps in calculating the RSPT are provided at Attachment B.

This request sought the amount of revenue that may have been raised from 2012-13 to 2019-20 if the original Resource Super Profits Tax (RSPT) was introduced by the Rudd Government from 1 July 2012.

The request specified that the design features of the RSPT should reflect the Rudd Government’s announcement paper The Resource Super Profits Tax: a fair return to the nation released in May 2010 and the Parliamentary Library Brief’s description of the tax¹. The key steps in calculating the RSPT are provided at Attachment B.

The proposal would introduce an annual tax levied on the net wealth of Australian residents,
regardless of where their assets are held, and the net wealth of non-residents who hold Australian
assets from 1 July 2022.

• Australian adult residents’ net wealth would be equal to the value of all assets minus al liabilities.
• Non-residents’ net wealth would be equal to the value of their Australian assets minus

Australian liabilities.

The following features of the tax would apply to both residents and non-residents.

The proposal would introduce an annual tax levied on the net wealth of Australian residents,
regardless of where their assets are held, and the net wealth of non-residents who hold Australian
assets from 1 July 2022.

• Australian adult residents’ net wealth would be equal to the value of all assets minus al liabilities.
• Non-residents’ net wealth would be equal to the value of their Australian assets minus

Australian liabilities.

The following features of the tax would apply to both residents and non-residents.

The proposal would introduce an annual tax levied on the net wealth of Australian residents,
regardless of where their assets are held, and the net wealth of non-residents who hold Australian
assets from 1 July 2022.

• Australian adult residents’ net wealth would be equal to the value of all assets minus al liabilities.
• Non-residents’ net wealth would be equal to the value of their Australian assets minus

Australian liabilities.

The following features of the tax would apply to both residents and non-residents.

This proposal would eliminate the following withholding tax on interest paid by financial institutions operating in Australia to foreign residents.

• The standard interest withholding tax levied at the rate of 10 per cent
• The reduced interest withholding tax charged on Australian branches borrowing from their foreign parents as outlined in the Australia as a Finance & Technology Centre Advisory Group (AFTCAG) Report.

The proposal would have effect from 1 July 2022.