Part 1: Revenue Measures
|
2006-07 $m |
2007-08 $m |
2008-09 $m |
2009-10 $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 | -12.0 | -13.0 | -13.0 | -13.0 |
| Indirect tax – customs duty concession for the Melbourne 2006 Commonwealth Games | - | - | - | - |
| Tariff concessions – abolishing the three per cent tariff on certain machinery | -2.0 | -2.0 | -2.0 | -3.0 |
| Taxation of imported wine-based beverages – alignment with locally produced wine based beverages | .. | .. | .. | .. |
| Portfolio total | -14.0 | -15.0 | -15.0 | -16.0 |
| COMMUNICATIONS, INFORMATION TECHNOLOGY AND THE ARTS | ||||
| Australian Communications and Media Authority | ||||
| Connect Australia – consumer safeguards | 1.8 | 2.4 | 1.8 | 1.8 |
| Telecommunications competition including operational separation of Telstra | 5.1 | 4.9 | 3.9 | 4.0 |
| Portfolio total | 6.9 | 7.3 | 5.7 | 5.8 |
| EDUCATION, SCIENCE AND TRAINING | ||||
| Department of Education, Science and Training | ||||
| Higher Education – extension of FEE-HELP and OS-HELP | .. | .. | .. | 0.1 |
| Portfolio total | - | - | - | 0.1 |
| HEALTH AND AGEING | ||||
| Department of Health and Ageing | ||||
| Medical indemnity | ||||
| – competitive neutrality charge | 9.1 | 8.7 | 8.3 | 8.0 |
| – reduction in United Medical Protection support payments | -11.9 | -21.5 | -19.2 | -17.1 |
| Private Health Insurance Ombudsman | ||||
| Private Health Insurance Ombudsman – increased powers | 0.2 | 0.2 | 0.2 | 0.2 |
| Portfolio total | -2.6 | -12.6 | -10.7 | -8.9 |
| PRIME MINISTER AND CABINET | ||||
| Australian National Audit Office | ||||
| Auditing of Australian Government entities | 0.8 | 0.8 | 0.9 | 0.9 |
| Portfolio total | 0.8 | 0.8 | 0.9 | 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 | -12.9 | -11.6 | -12.3 | -12.8 |
| Company loss recoupment rules – modified continuity of ownership test | * | * | * | * |
| Consolidation | ||||
| – clarifying the interaction with the demerger rules | -20.0 | -5.0 | -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 | -3.5 | -2.1 | -1.3 | -1.4 |
| 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 | -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 | -4.0 |
| 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 | -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 | - | - | - | - |
| Political Donations – raising the tax deductible threshold | - | -4.9 | -6.5 | -5.4 |
| Related party at-call loans – deemed debt treatment for small companies | -12.0 | -13.0 | -13.0 | -14.0 |
| Superannuation | ||||
| – extension of transitional relief for small funds | * | * | * | * |
| – modification of allocated pension drawdown factors | -5.0 | -8.5 | -12.0 | -15.0 |
| – modification of market linked and other life expectancy income streams | -11.0 | -18.5 | -26.0 | -34.0 |
| – removing restriction on portability of accounts | - | - | - | - |
| – temporary residents working on the Melbourne 2006 Commonwealth Games | 0.1 | - | - | - |
| Superannuation contributions splitting | -1.4 | -2.3 | -1.6 | -2.4 |
| 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 | -89.8 | -85.0 | -111.8 | -119.1 |
| Decisions taken but not yet announced | -23.0 | -17.0 | -7.0 | - |
| Total impact of revenue measures(b) | -128.7 | -126.4 | -140.9 | -137.2 |
* The nature of the measure is such that a reliable estimate cannot be provided.
.. Not zero, but rounded to zero.
- Nil.
- A minus sign before an estimate indicates a reduction in revenue, no sign before an estimate indicates a gain to revenue.
- Measures may not add due to rounding.