This proposal would introduce a new 40% Mining Super Profits Tax (MSPT) 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% Mining Super Profits Tax (MSPT) 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% Mining Super Profits Tax (MSPT) on the super profits of individual Australian mining projects, where the super profits would be calculated at the project level as revenue less expenses.

Component 1: Deny royalty tax deductions

Deny Significant Global Entities (SGEs) a tax deduction for royalties for the use of, or right to use, intellectual property within Australia, when either:

• the royalties are paid to a related party
• the party to which they are paid is in a jurisdiction that provides preferential tax treatment for intellectual property royalties.

Component 2: Change thin capitalisation rules

Component 1: Deny royalty tax deductions

Deny Significant Global Entities (SGEs) a tax deduction for royalties for the use of, or right to use, intellectual property within Australia, when either:

• the royalties are paid to a related party
• the party to which they are paid is in a jurisdiction that provides preferential tax treatment for intellectual property royalties.

Component 2: Change thin capitalisation rules

Component 1: Deny royalty tax deductions

Deny Significant Global Entities (SGEs) a tax deduction for royalties for the use of, or right to use, intellectual property within Australia, when either:

• the royalties are paid to a related party
• the party to which they are paid is in a jurisdiction that provides preferential tax treatment for intellectual property royalties.

Component 2: Change thin capitalisation rules

This proposal would increase the major bank levy rate from its present level of 0.015% per quarter to 0.05% per quarter.

The proposal would have effect from 1 July 2022.

This proposal would increase the major bank levy rate from its present level of 0.015% per quarter to 0.05% per quarter.

The proposal would have effect from 1 July 2022.

This proposal would increase the major bank levy rate from its present level of 0.015% per quarter to 0.05% per quarter.

The proposal would have effect from 1 July 2022.

This proposal would increase the major bank levy rate from its present level of 0.015% per quarter to 0.05% per quarter.

The proposal would have effect from 1 July 2022.