Appendix A: Policy decisions taken since the
2011‑12 Budget
Revenue Measures
Table 1: Revenue measures since the 2011‑12 Budget(a)
|
2010‑11 $m |
2011‑12 $m |
2012‑13 $m |
2013‑14 $m |
2014‑15 $m |
|
|---|---|---|---|---|---|
| AGRICULTURE, FISHERIES AND FORESTRY | |||||
| Department of Agriculture, Fisheries and Forestry | |||||
| Changes to agricultural production levies | - | 0.1 | 0.3 | 0.3 | 0.3 |
| Portfolio total | - | 0.1 | 0.3 | 0.3 | 0.3 |
| ATTORNEY-GENERAL'S | |||||
| Attorney-General's Department | |||||
| Personal Property Securities Register — additional funding(b) | - | - | - | - | - |
| Australian Customs and Border Protection Service | |||||
| Alternative fuels | |||||
| — continuing the existing arrangements for ethanol, biodiesel, renewable diesel and methanol | - | -10.0 | -37.0 | -35.0 | -31.0 |
| — deferred payment of fuel tax for LPG, LNG and CNG and carve-out of CNG home refuellers from the excise system | - | - | - | - | - |
| Clean Energy Future — Putting a Price on Pollution — aviation and non-transport gaseous fuels | - | - | .. | .. | .. |
| European Space Agency agreement | - | - | - | - | - |
| Insolvency and Trustee Service Australia | |||||
| Personal Property Securities Register — additional funding(b) | - | -3.5 | 0.6 | 0.6 | 8.1 |
| Portfolio total | - | -13.5 | -36.4 | -34.4 | -22.9 |
| CLIMATE CHANGE AND ENERGY EFFICIENCY | |||||
| Clean Energy Regulator | |||||
| Clean Energy Future | |||||
| — Putting a Price on Pollution — revenue from sale of carbon units | - | - | 7,690.0 | 8,610.0 | 9,200.0 |
| — Putting a Price on Pollution — Voluntary Action Pledge Fund and GreenPower purchases | - | - | - | - | - |
| Portfolio total | - | - | 7,690.0 | 8,610.0 | 9,200.0 |
| EDUCATION, EMPLOYMENT AND WORKPLACE RELATIONS | |||||
| Department of Education, Employment and Workplace Relations | |||||
| Education Services for Overseas Students — Tuition Protection Service Levy | - | - | 6.3 | 6.3 | 6.3 |
| Higher Education — reinstate Band 2 student contributions for mathematics, statistics and science units(c) | - | - | - | 0.8 | 4.0 |
| University of Notre Dame Australia — additional Commonwealth supported places(c) | - | -0.1 | -0.2 | -0.3 | -0.3 |
| Portfolio total | - | -0.1 | 6.1 | 6.8 | 10.0 |
| FOREIGN AFFAIRS AND TRADE | |||||
| AusAID | |||||
| Official Development Assistance — Australian Civilian Corps — deployments to Afghanistan(c) | - | - | - | - | - |
| Portfolio total | - | - | - | - | - |
| HEALTH AND AGEING | |||||
| Department of Health and Ageing | |||||
| Pharmaceutical Benefits Scheme — new and amended listings(c) | - | nfp | nfp | nfp | nfp |
| Portfolio total | - | - | - | - | - |
| IMMIGRATION AND CITIZENSHIP | |||||
| Department of Immigration and Citizenship | |||||
| Visa Pricing Transformation | - | 5.9 | 53.9 | 276.7 | 276.8 |
| Portfolio total | - | 5.9 | 53.9 | 276.7 | 276.8 |
| INNOVATION, INDUSTRY, SCIENCE AND RESEARCH | |||||
| Department of Innovation, Industry, Science and Research | |||||
| Howe Leather — loan(b) | - | - | 2.2 | 1.9 | 1.7 |
| Portfolio total | - | - | 2.2 | 1.9 | 1.7 |
| SUSTAINABILITY, ENVIRONMENT, WATER, POPULATION AND COMMUNITIES | |||||
| Department of Sustainability, Environment, Water, Population and Communities | |||||
| Clean Energy Future — Putting a Price on Pollution — synthetic greenhouse gases and ozone depleting substances | - | - | 190.0 | 220.0 | 220.0 |
| Portfolio total | - | - | 190.0 | 220.0 | 220.0 |
| TREASURY | |||||
| Australian Securities and Investments Commission | |||||
| Clean Energy Future — Compliance(c) | - | * | * | * | * |
| Australian Taxation Office | |||||
| Alternative fuels | |||||
| — continuing the existing arrangements for ethanol, biodiesel, renewable diesel and methanol | - | 46.0 | 156.0 | 170.0 | 207.0 |
| — deferred payment of fuel tax for LPG, LNG and CNG and carve-out of CNG home refuellers from the excise system | - | - | - | - | - |
| Capital gains tax | |||||
| — amendment to include concessional treatment for revenue assets and trading stock | - | - | - | - | - |
| — relief for taxpayers affected by natural disasters | - | - | * | * | * |
| Clean Energy Future | |||||
| — Helping Households — tax cuts and increased payments | - | - | -3,350.0 | -2,370.0 | -2,320.0 |
| — Putting a Price on Pollution — aviation and non-transport gaseous fuels | - | - | 250.0 | 320.0 | 350.0 |
| — Putting a Price on Pollution — revenue from sale of carbon units | - | - | - | - | - |
| — Supporting Jobs — increase in the instant asset write-off threshold to $6,500 | - | - | - | -100.0 | -100.0 |
| Commissioner's discretion for primary production concessions | - | * | * | * | * |
| Consolidation — changes to the residual tax cost setting and rights to future income rules | - | - | - | - | - |
| Director penalty notices — ensuring ongoing validity | - | - | - | - | - |
| Fringe benefits tax | |||||
| — reform of living-away-from-home allowances and benefits | - | - | 218.0 | 222.0 | 242.0 |
| — reform of the car fringe benefits rules — transitional change | .. | 3.0 | 5.0 | .. | .. |
| GST | |||||
| — treatment of appropriations | - | - | - | - | - |
| — treatment of new residential premises: minor changes | * | * | * | * | * |
| GST-free health supplies | - | - | * | * | * |
| Interest withholding tax — phase down for financial institutions — deferral | - | - | - | 70.0 | 70.0 |
| International tax | |||||
| — Multilateral Convention on Mutual Administrative Assistance in Tax Matters | .. | * | * | * | * |
| — tax information exchange agreements | - | - | * | * | * |
| Minerals Resource Rent Tax — lifting the exemption threshhold | - | - | -20.0 | -20.0 | -20.0 |
| New R&D Tax Incentive — deferral | - | -1,030.0 | 270.0 | - | - |
| New tax system for managed investment trusts and changes to the debt/equity integrity rules — deferral | - | * | - | 50.0 | 20.0 |
| Official Development Assistance — Australian Civilian Corps — deployments to Afghanistan(c) | - | -0.2 | -0.2 | -0.2 | .. |
| Personal income tax | |||||
| — 50 per cent tax discount for interest income — deferral | - | - | - | 275.0 | 205.0 |
| — Dependent Spouse Tax Offset — phase-out | - | - | .. | 180.0 | 190.0 |
| — standard deduction for work-related expenses and the cost of managing tax affairs — deferral | - | - | - | 395.0 | 780.0 |
| Philanthropy — updating the list of specifically listed deductible gift recipients | - | -0.1 | -1.6 | -1.7 | -1.7 |
| Resource tax reforms — minor amendments | - | - | * | * | * |
| Revision of profit allocation (transfer pricing) rules | - | - | - | - | - |
| Stronger Shipping for a Stronger Economy | - | - | -6.5 | 2.8 | 3.7 |
| Superannuation | |||||
| — abolishing the maximum superannuation guarantee age limit | - | - | - | 7.0 | -7.0 |
| — clarifying the operation of certain superannuation trust deed clauses | - | * | * | * | * |
| — concessional contributions caps — one year pause in indexation | - | - | - | 360.0 | 125.0 |
| — reduction in the minimum payment amounts for account-based pensions in 2012‑13 | - | - | -2.0 | -5.0 | - |
| Tax compliance | |||||
| — countering fraudulent phoenix activity by company directors — deferral | - | .. | -15.0 | .. | .. |
| — increased data matching resources | - | - | 174.2 | 145.4 | 116.7 |
| Tax laws — minor amendments | - | * | * | * | * |
| Taxation of Financial Arrangements — amendments to ensure appropriate interactions between Stages 3 and 4 provisions and the consolidation regime | - | - | 75.0 | 55.0 | 70.0 |
| Clean Energy Finance Corporation | |||||
| Clean Energy Finance Corporation(c) | - | - | - | - | 88.6 |
| Department of the Treasury | |||||
| Australian Financial Centre Taskforce Secretariat(c) | - | 0.2 | - | - | - |
| Clean Energy Future — Supporting Energy Markets — Energy Security Fund(c) | - | - | - | 6.1 | 19.4 |
| Grant to Australasian Compliance Institute(c) | - | .. | .. | .. | - |
| Portfolio total | - | -981.1 | -2,247.0 | -238.6 | 38.7 |
| Decisions taken but not yet announced | - | 28.5 | 41.5 | 46.7 | 48.7 |
| Total impact of revenue measures(d) | - | -960.1 | 5,700.4 | 8,889.5 | 9,773.2 |
* 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.
- A minus sign before an estimate indicates a reduction in revenue, no sign before an estimate indicates a gain in revenue.
- These measures can also be found in the capital measures summary table.
- These measures can also be found in the expense measures summary table.
- Measures may not add due to rounding.
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