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Australian Government Coat of Arms

Budget | 2014-15

Budget 2014-15
Australian Government Coat of Arms, Budget 2014-15

Part 1: Revenue Measures

Table 1: Revenue measures since the 2013‑14 MYEFO(a)
  2013‑14
$m
2014‑15
$m
2015‑16
$m
2016‑17
$m
2017‑18
$m
AGRICULTURE          
Department of Agriculture          
Biosecurity services for imports and live animal exports — ensuring full cost recovery nfp nfp nfp nfp
Changes to agricultural production levies 3.3 3.3 3.3 3.3
Support to Drought Affected Farmers(b) 0.5 11.2 11.2 11.2 11.2
Portfolio total 0.5 14.5 14.5 14.5 14.5
ATTORNEY‑GENERAL'S          
Australian Financial Security Authority          
Australian Financial Security Authority — departmental capital budget supplementation(c) 2.4 2.4 2.3 2.5 2.5
Australian Transaction Reports and Analysis Centre          
Australian Transaction Reports and Analysis Centre — industry contribution 10.1 22.7 21.3 25.0
Portfolio total 2.4 12.5 25.1 23.7 27.4
COMMUNICATIONS          
Australian Communications and Media Authority          
Smaller Government — Telecommunications Universal Service Management Agency — abolition and transfer to the Department of Communications(b) ‑1.0 ‑1.0 ‑1.0 ‑1.0
Department of Communications          
Smaller Government — Telecommunications Universal Service Management Agency — abolition and transfer to the Department of Communications(b)
Telecommunications Universal Service Management Agency          
Smaller Government — Telecommunications Universal Service Management Agency — abolition and transfer to the Department of Communications(b)
Portfolio total ‑1.0 ‑1.0 ‑1.0 ‑1.0
DEFENCE          
Department of Defence          
Middle East Area of Operations — continuation of Australia's military contribution(b) 3.3
Portfolio total 3.3
EDUCATION          
Department of Education          
A sustainable Higher Education Loan Programme — repayment thresholds and indexation(b) ‑14.3 261.0 322.4 462.1
A sustainable Higher Education system — Research Training Scheme — student contributions(b) 0.7 2.4
Expanding opportunity          
— expansion of the demand driven system and sharing the cost fairly(b) 1.8 13.1 41.6
— FEE‑HELP and VET FEE‑HELP loan fee — cessation(b) ‑130.6 ‑278.0 ‑314.5
— Higher Education Indexation — revised arrangements(b) ‑0.3 ‑0.9
Higher Education Superannuation Programme — resumption of payments to universities in NSW(b)
Portfolio total ‑14.3 132.2 57.8 190.7
FINANCE          
Department of Finance          
Infrastructure Growth Package — Asset Recycling Fund(b) * * * * *
Medical Research Future Fund — establishment(b)
Smaller Government — Medibank Private Limited — sale(b) nfp nfp nfp nfp
Portfolio total
HEALTH          
Department of Health          
Pharmaceutical Benefits Scheme — new and amended listings(b) nfp nfp nfp nfp nfp
Portfolio total
HUMAN SERVICES          
Department of Human Services          
Remove Grandfathering of Student Start‑Up Scholarship Recipients(b)
Remove Relocation Scholarship Assistance for Students Relocating Within and Between Major Cities(b)
Portfolio total
IMMIGRATION AND BORDER PROTECTION          
Australian Customs and Border Protection Service          
Korea‑Australia Free Trade Agreement ‑100.0 ‑165.0 ‑180.0 ‑190.0
Product Stewardship for Oil Scheme — modification to the levy 8.0 7.0 8.0 9.0
Reintroduction of fuel excise indexation 10.0 20.0 30.0 50.0
Smaller Government — strengthen and enhance Australia's border protection services(b) 17.0 52.8 69.2 69.2
Taxation treatment of biodiesel — modification(b) ‑0.3 ‑0.3 ‑0.3
Department of Immigration and Border Protection          
Migration Programme — allocation of places for 2014‑15(b) ‑2.9 ‑0.6 ‑0.6 ‑0.6 ‑0.7
Visa simplification to support the vocational education and training sector(b) 1.3 2.4 3.1
Portfolio total ‑2.9 ‑65.6 ‑84.9 ‑71.3 ‑59.7
INDUSTRY          
Department of Industry          
Trade Support Loans — establishment(b) 2.7 12.7 27.0
Portfolio total 2.7 12.7 27.0
INFRASTRUCTURE AND REGIONAL DEVELOPMENT          
Department of Infrastructure and Regional Development          
Infrastructure Growth Package — WestConnex Stage 2 — provision of a concessional loan(b) 5.3 26.4
Protection of the Sea Levy — reduction ‑9.0 ‑9.0 ‑10.0 ‑11.0
Portfolio total ‑9.0 ‑9.0 ‑4.7 15.4
PRIME MINISTER AND CABINET          
Department of the Prime Minister and Cabinet          
Smaller Government — Council of Australian Governments Reform Council — cessation(b) ‑2.6 ‑2.6 ‑2.5 ‑2.5
Portfolio total ‑2.6 ‑2.6 ‑2.5 ‑2.5
SOCIAL SERVICES          
Department of Social Services          
A sustainable Higher Education Loan Programme — repayment thresholds and indexation(b) 0.1 0.2 0.4
Migration Programme — allocation of places for 2014‑15(b) ..
Remove Grandfathering of Student Start‑Up Scholarship Recipients(b) 2.8 5.9 7.3
Remove Relocation Scholarship Assistance for Students Relocating Within and Between Major Cities(b) .. .. ..
Social Security Agreement with India(b)
Portfolio total 2.9 6.1 7.7
TREASURY          
Australian Securities and Investments Commission          
Farm Management Deposits — exempting deposits from the unclaimed moneys scheme * * * *
Australian Taxation Office          
Defence Forces Retirement Benefits and Defence Force Retirement and Death Benefits superannuation payments — indexation(b) * * * *
Ethanol Production Grants Programme — cessation(b) ‑122.1 ‑114.1 ‑106.1
Family Payment Reform — better targeting of Family Tax Benefit Part B(b) 8.0 8.0
Farm Management Deposits — exempting deposits from the unclaimed moneys scheme .. .. ..
First Home Saver Accounts scheme — cessation(b) 2.0 2.0
Higher Education Superannuation Programme — resumption of payments to universities in NSW(b) nfp nfp nfp nfp nfp
Income tax — mining interest realignments * * * * *
Middle East Area of Operations — continuation of Australia's military contribution(b) ‑8.0 ‑6.5
Migration Programme — allocation of places for 2014‑15(b) ‑2.4 ‑10.6 ‑20.4 ‑31.8 ‑42.2
Military Superannuation — establish new accumulation arrangements(b) 6.7 14.2
Pausing indexation of some Medicare Benefits Schedule fees and the Medicare Levy Surcharge and Private Health Insurance Rebate thresholds(b) 7.0 14.0
Personal income tax          
— abolish the Dependent Spouse Tax Offset 130.0 100.0 90.0
— abolish the Mature Age Worker Tax Offset 290.0 255.0 215.0
— exempting Job Commitment Bonus from income tax
— increase the Medicare levy low‑income thresholds for families ‑9.0 ‑13.0 ‑13.0 ‑13.0
— Temporary Budget Repair Levy 600.0 1,150.0 1,200.0 150.0
Philanthropy — updating the list of specifically listed deductible gift recipients
Product Stewardship for Oil Scheme — modification to the levy 11.0 12.0 12.0 12.0
Reintroduction of fuel excise indexation 270.0 730.0 1,240.0 1,800.0
Remove Grandfathering of Student Start‑Up Scholarship Recipients(b)
Repeal of the Minerals Resource Rent Tax — change to the schedule for increasing the Superannuation Guarantee rate to 12 per cent ‑170.0 ‑180.0 440.0
Research and Development Tax Incentive — reducing the rates of the refundable and non‑refundable tax offsets 90.0 130.0 120.0
Restoring integrity in the Australian tax system — further decisions * ‑20.0 ‑213.0 ‑188.0 48.0
Social Security Agreement with India(b) ‑0.6 ‑1.4 ‑2.8
Superannuation Excess Contributions Tax ‑4.2 ‑9.8 ‑13.6 ‑12.5
Support to Drought Affected Farmers(b)
Tax laws — miscellaneous amendments .. .. .. ..
Taxation treatment of biodiesel — modification(b) 0.3 0.3 0.3
Department of the Treasury          
Australian Reinsurance Pool Corporation — assess future options 37.5 37.5 37.5 112.5
Portfolio total ‑2.4 696.7 1,874.4 2,636.6 2,849.4
Decisions taken but not yet announced 3.5 85.6 77.4 90.2 97.1
Total impact of revenue measures(d) 1.1 720.1 2,031.8 2,762.1 3,166.1

*  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 in revenue.

(b) These measures can also be found in the expense measures summary table.

(c) These measures can also be found in the capital measures summary table.

(d) Measures may not add due to rounding.