Appendix A: Policy decisions taken since the 2005-06 Budget

Summary of policy decisions taken since the 2005-06 Budget

Table A1: Revenue measures since the 2005-06 Budget^(a)

	2005-06	2006-07	2007-08	2008-09
	$m	$m	$m	$m
AGRICULTURE, FISHERIES AND FORESTRY
Department of Agriculture, Fisheries and Forestry
Fishing structural adjustment package – Australian Fisheries Management Authority levy reduction	-	-7.0	-5.0	-3.0
Portfolio total	-	-7.0	-5.0	-3.0
ATTORNEY-GENERAL'S
Australian Customs Service
Customs duty – alignment of import entry level thresholds for courier and postal imports	-8.0	-12.0	-13.0	-13.0
Indirect tax – customs duty concession for the Melbourne 2006 Commonwealth Games	-1.0	-	-	-
Tariff concessions – abolishing the three per cent tariff on certain machinery	-2.0	-2.0	-2.0	-2.0
Taxation of imported wine-based beverages – alignment with locally produced wine based beverages	..	..	..	..
Portfolio total	-11.0	-14.0	-15.0	-15.0
COMMUNICATIONS, INFORMATION TECHNOLOGY AND THE ARTS
Australian Communications and Media Authority
Connect Australia – consumer safeguards(b)	-	1.8	2.4	1.8
Telecommunications competition including operational separation of Telstra(b)	-	5.1	4.9	3.9
Portfolio total	-	6.9	7.3	5.7
EDUCATION, SCIENCE AND TRAINING
Department of Education, Science and Training
Higher Education – extension of FEE-HELP and OS-HELP(b)	-	..	..	..
Portfolio total	-	-	-	-
HEALTH AND AGEING
Department of Health and Ageing
Medical indemnity
– competitive neutrality charge	9.3	9.1	8.7	8.3
– reduction in United Medical Protection support        payments	-12.9	-11.9	-21.5	-19.2
Private Health Insurance Ombudsman
Private Health Insurance Ombudsman – increased powers (b)	-	0.2	0.2	0.2
Portfolio total	-3.6	-2.6	-12.6	-10.7
PRIME MINISTER AND CABINET
Australian National Audit Office
Auditing of Australian Government entities(b)	1.1	0.8	0.8	0.9
Portfolio total	1.1	0.8	0.8	0.9
TREASURY
Australian Taxation Office
Capital gains tax
– automatic roll-over of Public Sector Superannuation        Fund	-	-	-	-
– treatment of options	*	*	*	*
Changes to Prescribed Private Funds	-26.5	-12.9	-11.6	-12.3
Company loss recoupment rules – modified continuity of ownership test	*	*	*	*
Consolidation
– clarifying the interaction with the demerger rules	-	-20.0	-5.0	-5.0
– treatment of pre-capital gains tax membership        interests and improvements to clarify the        operation of the consolidation regime	*	*	*	*
Deductibility of certain gifts	-0.4	-3.5	-2.1	-1.3
Employee share schemes – further relief for employee share scheme participants in the event of a corporate restructure	*	*	*	*
Excise and customs duty – no increase in rates	-6.0	-12.0	-6.0	-
Exemption from foreign currency provisions for securitisation vehicles	..	..	..	..
Expanded taxation treatment of business ‘blackhole’ expenditures	-	-2.0	-3.0	-9.0
Foreign Investment Fund rules – listing of the Bermuda Stock Exchange as an approved stock exchange	..	..	..	..
Foreign residents’ income with an underlying foreign source – conduit foreign income	-	-10.0	-10.0	-25.0
Fringe benefits tax
– exclusion from reporting for certain personal security        services	-	..	..	..
– extension of transitional arrangements for payments to        worker entitlement funds	-	-	-	-
– rebatable employer status of certain government        institutions	-	-	-	-
Income tax
– extension of mutuality principle	..	..	..	..
– taxation status of Operation AZURE	-	..	-	-
Indirect tax concession scheme – extension	..	..	..	..
Personal income tax
– amendments to preserve eligibility for the 30 per cent        child care tax rebate	-	-	-	-
– modifying the foreign employment exemption	..	..	..	..
– tax exemption for lump sum payments to F-111        personnel	-6.0	-	-	-
Political Donations – raising the tax deductible threshold	-	-	-4.9	-6.5
Related party at-call loans – deemed debt treatment for small companies	-11.0	-12.0	-13.0	-13.0
Superannuation
– extension of transitional relief for small funds	*	*	*	*
– modification of allocated pension drawdown factors	-1.5	-5.0	-8.5	-12.0
– modification of market linked and other life expectancy        income streams	-3.5	-11.0	-18.5	-26.0
– removing restriction on portability of accounts	-	-	-	-
– temporary residents working on the Melbourne 2006        Commonwealth Games	0.3	0.1	-	-
Superannuation contributions splitting	-	-1.4	-2.3	-1.6
Superannuation guarantee – extension of lodgement date for superannuation guarantee statements	-0.1	-0.1	-0.1	-0.1
Tax exempt asset financing – changes to tax treatment	..	..	..	..
Tax treatment of foreign governments and their investment bodies – clarification of tax exemption for certain investments	-	-	-	-
Taxation of Financial Arrangements
– extension of transitional arrangements for Upper Tier 2        instruments	*	*	*	*
– treatment of term subordinated notes containing a        solvency clause	-	-	-	-
Portfolio total	-54.7	-89.8	-85.0	-111.8
Decisions taken but not yet announced	-13.0	-23.0	-17.0	-7.0
Total impact of revenue measures(c)	-81.2	-128.7	-126.4	-140.9

* The nature of the measure is such that a reliable estimate cannot be provided.

.. Not zero, but rounded to zero.

- Nil.

nfp Not for publication.

(a) A minus sign before an estimate indicates a reduction in revenue, no sign before an estimate indicates a gain to revenue.

(b) Details of these measures can be found in Appendix A under Expense measures.

(c) Measures may not add due to rounding.

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