Part 1: Revenue Measures
Table 1: Revenue measures since the 2007‑08 MYEFO(a)
2007‑08 $m |
2008‑09 $m |
2009‑10 $m |
2010‑11 $m |
2011‑12 $m |
|
---|---|---|---|---|---|
ATTORNEY-GENERAL'S | |||||
Administrative Appeals Tribunal | |||||
Responsible Economic Management — Access Card(b) | - | .. | .. | .. | - |
Australian Customs Service | |||||
Customs duty on imported tobacco — revenue protection measure | - | .. | .. | .. | .. |
Excise and customs duty — increased rates on 'other excisable beverages' | 2.0 | 12.0 | 12.0 | 12.0 | 12.0 |
Excise-equivalent goods — coverage by Tariff Concession Orders | - | 0.6 | 0.6 | 0.6 | 0.7 |
Humanitarian migration program | |||||
— additional 500 places for Iraqis in 2008‑09(b) |
- | .. | .. | .. | .. |
— additional 750 Special Humanitarian Program places from 2009‑10(b) | - | - | .. | .. | 0.1 |
Increase in the Passenger Movement Charge | - | 106.3 | 111.2 | 117.7 | 124.1 |
Migration Program | |||||
— 37,500 place increase for 2008‑09(b) | - | 3.3 | 6.7 | 10.1 | 13.8 |
— additional 6,000 skill stream places for 2007‑08(b) | - | 0.6 | 0.6 | 0.6 | 0.6 |
Visa places for Iraqi locally engaged employees(b) | - | .. | .. | .. | .. |
Portfolio total | 2.0 | 122.8 | 131.1 | 141.0 | 151.3 |
BROADBAND, COMMUNICATIONS AND THE DIGITAL ECONOMY | |||||
Australian Communications and Media Authority | |||||
Responsible Economic Management — Do Not Call Register — cost recovery | - | 1.1 | 1.2 | 1.0 | 0.8 |
Department of Broadband, Communications and the Digital Economy | |||||
Responsible Economic Management — Australia Post Special Dividend | - | 150.0 | - | - | - |
Portfolio total | - | 151.1 | 1.2 | 1.0 | 0.8 |
FOREIGN AFFAIRS AND TRADE | |||||
Department of Foreign Affairs and Trade | |||||
Increase in Passport Fees | - | 6.4 | 7.4 | 8.1 | 8.8 |
Portfolio total | - | 6.4 | 7.4 | 8.1 | 8.8 |
HEALTH AND AGEING | |||||
Department of Health and Ageing | |||||
Health and Hospitals Reform — Aged Care — Residential aged care — zero real interest loans(b) | - | 1.6 | 4.9 | 6.9 | 6.8 |
Pharmaceutical Benefits Scheme | |||||
— listing of Sensipar (cinacalcet)(b) | - | nfp | nfp | nfp | nfp |
— listing of Tysabri (natalizumab)(b) | - | nfp | nfp | nfp | nfp |
— maintaining the capacity for listing drugs through cost recovery | -11.1 | -1.6 | 2.9 | 2.8 | 2.8 |
Portfolio total | -11.1 | .. | 7.8 | 9.7 | 9.6 |
IMMIGRATION AND CITIZENSHIP | |||||
Department of Immigration and Citizenship | |||||
Migration Program | |||||
— 37,500 place increase for 2008‑09(b) | - | 96.0 | 98.4 | 121.3 | 124.3 |
— additional 6,000 skill stream places for 2007‑08(b) | - | 1.5 | - | - | - |
United States of America — Australia Work and Holiday visas — expanded eligibility(b) | - | 0.4 | 1.0 | 1.6 | 2.0 |
Visa Application Charge — increase | - | 39.1 | 43.4 | 46.6 | 50.2 |
Portfolio total | - | 137.1 | 142.8 | 169.5 | 176.6 |
INFRASTRUCTURE, TRANSPORT, REGIONAL DEVELOPMENT AND LOCAL GOVERNMENT | |||||
Civil Aviation Safety Authority | |||||
Civil Aviation Safety Authority — revision to long-term funding strategy | - | -5.0 | -5.0 | -5.0 | -5.0 |
Portfolio total | - | -5.0 | -5.0 | -5.0 | -5.0 |
PRIME MINISTER AND CABINET | |||||
Office of the Renewable Energy Regulator | |||||
Tackling Climate Change — Renewable Energy Target — expansion(b) | 1.0 | 2.4 | 3.2 | 3.4 | 3.9 |
Portfolio total | 1.0 | 2.4 | 3.2 | 3.4 | 3.9 |
RESOURCES, ENERGY AND TOURISM | |||||
Department of Resources, Energy and Tourism | |||||
Crude oil excise — condensate | -13.4 | -109.1 | -127.7 | -127.7 | -127.7 |
Portfolio total | -13.4 | -109.1 | -127.7 | -127.7 | -127.7 |
TREASURY | |||||
Australian Prudential Regulation Authority | |||||
Responsible Economic Management — Choice of Superannuation Fund(b) | - | - | -1.1 | -1.1 | -1.1 |
Australian Taxation Office | |||||
Afghanistan — continued funding for Australian Defence Force deployments(b) | - | -10.1 | -1.6 | - | - |
Albatrosses and Petrels Conservation Secretariat — tax relief | - | .. | .. | .. | .. |
Australian Defence Force | |||||
— general medical and dental care(b) | - | 0.2 | 0.9 | 1.0 | 1.0 |
— recognition of the service of the Australian Training Support Team in the United Nations Transitional Administration in East Timor(b) | - | - | - | - | - |
Capital gains tax | |||||
— cancellation of interests in widely held entities | - | - | - | - | - |
— demutualisation of health insurers | - | - | - | - | - |
— extend small business concessions | - | - | - | - | - |
— modify the scrip for scrip roll-over provisions for corporate restructures | - | * | * | * | * |
Capital protected borrowings — change to benchmark interest rate | - | 10.0 | 15.0 | 20.0 | 25.0 |
Crude oil excise — condensate | 107.2 | 673.1 | 763.1 | 753.4 | 753.4 |
Depreciation of computer software | - | 15.0 | 300.0 | 681.0 | 318.0 |
Employee share schemes | |||||
— election requirements | - | - | 31.0 | 36.0 | 10.0 |
— removal of double taxation | - | - | - | - | - |
Entrepreneurs' tax offset — restrict eligibility through an income test | - | - | 30.0 | 30.0 | 30.0 |
Excise and customs duty — increased rates on 'other excisable beverages' | 95.9 | 628.1 | 704.0 | 787.3 | 880.6 |
Family trusts — savings measure | - | 6.0 | 6.0 | 6.0 | 6.0 |
First Home Saver Accounts(b) | - | -5.0 | -15.0 | -40.0 | -65.0 |
Fringe benefits tax | |||||
— exemption for eligible work-related items | - | 50.0 | 140.0 | 205.0 | 255.0 |
— jointly held assets | - | 4.0 | 15.0 | 15.0 | 15.0 |
— meal cards | - | 110.0 | 165.0 | 205.0 | 250.0 |
GST — relief for charities | * | * | * | * | * |
GST and international telecommunications — mobile telephone global roaming | - | - | - | - | - |
GST and the sale of real property | |||||
— integrity measure | - | 90.0 | 150.0 | 175.0 | 205.0 |
— not to proceed with previously announced deferred integrity measure | * | * | * | * | * |
Humanitarian migration program | |||||
— additional 500 places for Iraqis in 2008‑09(b) |
- | 1.0 | 1.1 | 1.2 | 1.3 |
— additional 750 Special Humanitarian Program places from 2009‑10(b) | - | - | 1.9 | 3.9 | 6.2 |
Increased funding for the Australian Taxation Office compliance dividend | - | 105.0 | 295.0 | 785.0 | 795.0 |
Increasing the Luxury Car Tax | - | 130.0 | 140.0 | 140.0 | 145.0 |
Indirect tax — refund restrictions and four year amendment period | - | * | * | * | * |
International tax | |||||
— a final withholding tax on certain distributions of Australian managed investment trusts to foreign residents | - | -60.0 | -125.0 | -210.0 | -235.0 |
— Australia-Japan double tax convention | - | -40.0 | -100.0 | -100.0 | -105.0 |
— Australia-South Africa tax protocol | - | .. | .. | .. | .. |
Iraq — continued funding for stabilisation and reconstruction activities(b) | - | -9.3 | -1.1 | - | - |
Managed funds — changes to the eligible investment rules | - | * | * | * | * |
Means-testing of government support | |||||
— expanded definitions of income to include certain 'salary sacrificed' contributions to superannuation | - | - | - | 23.0 | 24.0 |
— expanded definitions of income to include net losses from investments | - | - | - | 18.0 | 20.0 |
— expanded definitions of income to include reportable fringe benefits | - | - | - | 9.5 | 9.0 |
Migration Program | |||||
— 37,500 place increase for 2008‑09(b) | - | 222.5 | 474.9 | 729.2 | 1,021.8 |
— additional 6,000 skill stream places for 2007‑08(b) | - | 41.5 | 47.0 | 47.7 | 48.4 |
Overseas development assistance | |||||
— enhanced Australian Federal Police deployment to Afghanistan(b) | - | -0.4 | -0.4 | - | - |
— Pacific Police Development Program(b) | - | -0.7 | -0.9 | -0.9 | -0.9 |
— Timor-Leste Police Development Program(b) |
- | -1.4 | -3.4 | - | - |
PAYG annual instalments — deferring the 2007‑08 Budget measure | - | 135.0 | -115.0 | - | - |
Personal income tax | |||||
— exemption for rent assistance paid to Austudy recipients | - | - | - | - | - |
— increasing the Medicare levy low-income thresholds | - | -65.0 | -35.0 | -35.0 | -35.0 |
— increasing the Medicare levy surcharge thresholds | - | - | -195.0 | -235.0 | -230.0 |
— tax exemption for Queensland early completion bonuses for apprentices | - | - | - | - | - |
— tightening eligibility for the dependency tax offsets | - | 5.0 | 27.0 | 45.0 | 48.0 |
Personal income tax cuts — tax plan for Australia's future | - | - | 1,150.0 | 2,000.0 | 2,160.0 |
Philanthropy | |||||
— additional prescribed private funds | - | -17.0 | -5.2 | -5.5 | -5.7 |
— improving the integrity of prescribed private funds | - | - | - | - | - |
— updating the list of deductible gift recipients | - | .. | -0.2 | -0.2 | -0.2 |
Political donations — removing tax deductibility | - | - | 10.1 | 10.3 | 11.0 |
Removal of differential treatment of same‑sex couples and their children — law reform(b) | - | -0.4 | 3.2 | -0.8 | -1.0 |
Responsible Economic Management — Australian Defence Force — fewer non‑operational overseas postings and exchanges(b) | - | 0.5 | 1.6 | 2.2 | 2.3 |
Superannuation | |||||
— access to tax free lump sums for persons with a terminal medical condition | -5.0 | - | - | - | - |
— payment of temporary residents' superannuation to the Australian Government | - | -15.0 | 5.0 | 5.0 | - |
Tax exemption for Carer Adjustment Payment | - | - | - | - | - |
Taxation of Financial Arrangements — extension of transitional arrangements for Upper Tier 2 instruments | - | * | * | * | * |
Taxation of Financial Arrangements Stages 3 and 4 | - | * | * | * | * |
Timor-Leste — continued funding to help restore peace and stability(b) | - | -13.1 | -1.7 | - | - |
Tourist refund scheme — not to proceed with private provider proposal | 62.0 | 56.0 | 58.0 | 61.0 | 63.0 |
Visa places for Iraqi locally engaged employees(b) | - | 1.1 | 1.4 | 1.4 | 1.6 |
Portfolio total | 260.1 | 2,046.6 | 3,935.6 | 6,168.7 | 6,426.7 |
Decisions taken but not yet announced | - | - | 1.0 | 1.1 | 1.1 |
Total impact of revenue measures(c) | 238.6 | 2,352.3 | 4,097.5 | 6,369.7 | 6,646.2 |
* 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.
- This statement reports all measures since the 2007‑08 MYEFO. All financial impacts are changes since the 2007 Pre-Election Economic and Fiscal Outlook. A minus sign before an estimate indicates a reduction in expenses, no sign before an estimate indicates increased expenses.
- Details of these measures can be found under Part 2: Expense measures.
- Measures may not add due to rounding.
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