The proposal has four components.

Component 1 – Abolish the fuel tax credit for all industries except agricultural businesses.

Component 2 – Abolish accelerated asset depreciation for aircraft, the oil and gas industry, and motor vehicles (except for those used for agricultural purposes).

Component 3 – Abolish the immediate deduction for exploration and prospecting expenses for the mining industry, including the Mining Exploration Development Incentive.

The proposal has four components.

Component 1 – Abolish the fuel tax credit for all industries except agricultural businesses.

Component 2 – Abolish accelerated asset depreciation for aircraft, the oil and gas industry, and motor vehicles (except for those used for agricultural purposes).

Component 3 – Abolish the immediate deduction for exploration and prospecting expenses for the mining industry, including the Mining Exploration Development Incentive.

The proposal has four components.

Component 1 – Abolish the fuel tax credit for all industries except agricultural businesses.

Component 2 – Abolish accelerated asset depreciation for aircraft, the oil and gas industry, and motor vehicles (except for those used for agricultural purposes).

Component 3 – Abolish the immediate deduction for exploration and prospecting expenses for the mining industry, including the Mining Exploration Development Incentive.

This proposal would replace the existing petroleum resource rent tax method of uplifting excess expenditure to future years with the following two treatments:

This proposal would replace the existing petroleum resource rent tax method of uplifting excess expenditure to future years with the following two treatments:

This proposal would replace the existing petroleum resource rent tax method of uplifting excess expenditure to future years with the following two treatments:

This proposal contains 16 options to alter motor vehicle taxation in Australia.

Options 1 to 4 would reduce the standard luxury car tax (LCT) threshold to $57,180, and subsequently index the standard LCT threshold in line with the motor vehicle component of the consumer price index (CPI), with the following definitions of fuel‐efficiency for LCT purposes.

This proposal contains 16 options to alter motor vehicle taxation in Australia.

Options 1 to 4 would reduce the standard luxury car tax (LCT) threshold to $57,180, and subsequently index the standard LCT threshold in line with the motor vehicle component of the consumer price index (CPI), with the following definitions of fuel‐efficiency for LCT purposes.

This proposal contains 16 options to alter motor vehicle taxation in Australia.

Options 1 to 4 would reduce the standard luxury car tax (LCT) threshold to $57,180, and subsequently index the standard LCT threshold in line with the motor vehicle component of the consumer price index (CPI), with the following definitions of fuel‐efficiency for LCT purposes.

This proposal contains 16 options to alter motor vehicle taxation in Australia.

Options 1 to 4 would reduce the standard luxury car tax (LCT) threshold to $57,180, and subsequently index the standard LCT threshold in line with the motor vehicle component of the consumer price index (CPI), with the following definitions of fuel‐efficiency for LCT purposes.