Implied budget cost of supporting rentals through investors' tax breaks

Summary of proposal

The request sought the following figures over the forward estimates and medium term:

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Implied budget cost of supporting rentals through investors' tax breaks

Summary of proposal

The request sought the following figures over the forward estimates and medium term:

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Implied budget cost of supporting rentals through investors' tax breaks

Summary of proposal

The request sought the following figures over the forward estimates and medium term:

Read more

Implied budget cost of supporting rentals through investors' tax breaks

Summary of proposal

The request sought the following figures over the forward estimates and medium term:

Read more

Implied budget cost of supporting rentals through investors' tax breaks

Summary of proposal

The request sought the following figures over the forward estimates and medium term:

Read more

Lowering the PRRT deductions cap

Summary of proposal

This proposal would change the deductions cap introduced in the Petroleum Resource Rent Tax (PRRT) measure in the 2023-24 Budget, Petroleum Resource Rent Tax – Government Response to the Review of the PRRT Gas Transfer Pricing arrangements (the 2023-24 measure). This measure affects 5 major offshore liquefied natural gas (LNG) projects:

  • Gorgon
  • Ichthys
  • Wheatstone
  • Pluto
  • Prelude.

Under the proposal, the cap would limit deductible expenditure to the value of 80% of each taxpayer’s PRRT assessable receipts.

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Lowering the PRRT deductions cap

Summary of proposal

This proposal would change the deductions cap introduced in the Petroleum Resource Rent Tax (PRRT) measure in the 2023-24 Budget, Petroleum Resource Rent Tax – Government Response to the Review of the PRRT Gas Transfer Pricing arrangements (the 2023-24 measure). This measure affects 5 major offshore liquefied natural gas (LNG) projects:

  • Gorgon
  • Ichthys
  • Wheatstone
  • Pluto
  • Prelude.

Under the proposal, the cap would limit deductible expenditure to the value of 80% of each taxpayer’s PRRT assessable receipts.

Read more

Lowering the PRRT deductions cap

Summary of proposal

This proposal would change the deductions cap introduced in the Petroleum Resource Rent Tax (PRRT) measure in the 2023-24 Budget, Petroleum Resource Rent Tax – Government Response to the Review of the PRRT Gas Transfer Pricing arrangements (the 2023-24 measure). This measure affects 5 major offshore liquefied natural gas (LNG) projects:

  • Gorgon
  • Ichthys
  • Wheatstone
  • Pluto
  • Prelude.

Under the proposal, the cap would limit deductible expenditure to the value of 80% of each taxpayer’s PRRT assessable receipts.

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Tariff revenue impacts of the Korea, Japan and China free trade agreements

Summary of proposal

The request sought information on the amount of forgone tariff revenue for the Korea, Japan and China free trade agreements (FTA) broken down by industry classification over the 2015–16 Budget forward estimates period.

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Financing state property tax reform

Summary of proposal

Under this proposal the Commonwealth Government would provide concessional loans to state and territory governments (excluding the ACT) to enable them to replace their existing stamp duty on sales of residential and non-residential property with a broad based land tax.

From 1 July 2017, property acquisitions would not be liable for stamp duty, but would instead commence paying an annual land tax.

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