Eliminate Withholding Tax Exemption on Foreign Bondholders

Summary of proposal

The proposal would remove the exemption under section 128F of the Income Tax Assessment Act 1936 to pay withholding tax on interest paid to a foreign resident through a debenture or a ‘debt interest’. This results in a 10% withholding tax rate to interest payments to foreign resident lenders.

The proposal would be ongoing and commence on 1 July 2025.

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Eliminate Withholding Tax Exemption on Foreign Bondholders

Summary of proposal

The proposal would remove the exemption under section 128F of the Income Tax Assessment Act 1936 to pay withholding tax on interest paid to a foreign resident through a debenture or a ‘debt interest’. This results in a 10% withholding tax rate to interest payments to foreign resident lenders.

The proposal would be ongoing and commence on 1 July 2025.

Read more

Eliminate Withholding Tax Exemption on Foreign Bondholders

Summary of proposal

The proposal would remove the exemption under section 128F of the Income Tax Assessment Act 1936 to pay withholding tax on interest paid to a foreign resident through a debenture or a ‘debt interest’. This results in a 10% withholding tax rate to interest payments to foreign resident lenders.

The proposal would be ongoing and commence on 1 July 2025.

Read more

Australian Business Growth Fund - equity investment (PER047)

Summary of proposal

The proposal would provide a $100 million equity investment in the Australian Business Growth Fund (ABGF) that is to be established with funding from banks and superannuation funds.

The objective is for the ABGF to expand to $1 billion as it matures.

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Australian Business Growth Fund - equity investment (PER047)

Summary of proposal

The proposal would provide a $100 million equity investment in the Australian Business Growth Fund (ABGF) that is to be established with funding from banks and superannuation funds.

The objective is for the ABGF to expand to $1 billion as it matures.

Read more

Australian Business Growth Fund - equity investment (PER047)

Summary of proposal

The proposal would provide a $100 million equity investment in the Australian Business Growth Fund (ABGF) that is to be established with funding from banks and superannuation funds.

The objective is for the ABGF to expand to $1 billion as it matures.

Read more

Australian Business Growth Fund - equity investment (PER047)

Summary of proposal

The proposal would provide a $100 million equity investment in the Australian Business Growth Fund (ABGF) that is to be established with funding from banks and superannuation funds.

The objective is for the ABGF to expand to $1 billion as it matures.

Read more

Ensure access to mental health services for everyone who needs support (PER642)

Summary of proposal

This proposal would establish the following ten components relating to mental health services.

Component 1 – Workplace mental health interventions in small businesses

  • Provide ongoing funding of $50 million per year, indexed to the consumer price index (CPI), for mental health intervention measures in small businesses. Departmental expenses are included within this capped amount.

Component 2 – Mental health in larger businesses

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Ensure access to mental health services for everyone who needs support (PER642)

Summary of proposal

This proposal would establish the following ten components relating to mental health services.

Component 1 – Workplace mental health interventions in small businesses

  • Provide ongoing funding of $50 million per year, indexed to the consumer price index (CPI), for mental health intervention measures in small businesses. Departmental expenses are included within this capped amount.

Component 2 – Mental health in larger businesses

Read more

Ensure access to mental health services for everyone who needs support (PER642)

Summary of proposal

This proposal would establish the following ten components relating to mental health services.

Component 1 – Workplace mental health interventions in small businesses

  • Provide ongoing funding of $50 million per year, indexed to the consumer price index (CPI), for mental health intervention measures in small businesses. Departmental expenses are included within this capped amount.

Component 2 – Mental health in larger businesses

Read more