|
Table 5.1: Tax Expenditures Reference Table |
|||||||||||
|
Estimates ($m) |
Projections ($m) |
||||||||||
|
Index |
Functional Group |
Description |
1997-98 |
1998-99 |
1999-00 |
2000-01 |
2001-02 |
2002-03 |
2003-04 |
2004-05 |
|
|
A Personal income tax benchmark |
|||||||||||
|
A1 |
General public services (A) |
Exemption of official salaries and ex-Australian income of the Governor-General and Governor of any State |
|||||||||
|
<2 |
<2 |
<2 |
<2 |
<2 |
<1 |
<1 |
<1 |
||||
|
A2 |
General public services (A) |
Deduction for Federal, State and Territory government candidates' electionexpenses |
|||||||||
|
1 |
4 |
3 |
4 |
6 |
7 |
9 |
10 |
||||
|
A3 |
General public services (A) |
Deduction of up to $1000 for local government candidates' election expenses |
|||||||||
|
included in A2 |
|||||||||||
|
A4 |
General public services (C) |
Exemption of official salary and emoluments of officials of prescribed international organisations |
|||||||||
|
na |
na |
na |
na |
na |
na |
na |
na |
||||
|
A5 |
General public services (C) |
Exemption of income of visitors who are representatives of a foreign press organisation |
|||||||||
|
na |
na |
na |
na |
na |
na |
na |
na |
||||
|
A6 |
General public services (C) |
Total or partial exemptions of income earned by Australians working overseas |
|||||||||
|
210 |
240 |
250 |
280 |
290 |
310 |
340 |
370 |
||||
|
A7 |
General public services (C) |
Exemption from income tax for non-residents providing advice to government or as a member of a Royal Commission |
|||||||||
|
na |
na |
na |
na |
na |
na |
na |
na |
||||
|
A8 |
General public services (C) |
Exemption of Australian-sourced income earned by Government representatives visiting Australia or by their official staff |
|||||||||
|
na |
na |
na |
na |
na |
na |
na |
na |
||||
|
A9 |
General public services (E) |
Exemption of income of residents of Norfolk Island |
|||||||||
|
5 |
5 |
8 |
7 |
7 |
7 |
8 |
8 |
||||
|
A10 |
Defence |
Exemption of pay and allowances forpart-time members of Defence Force Reserves |
|||||||||
|
35 |
40 |
35 |
30 |
30 |
30 |
30 |
30 |
||||
|
Table 5.1: Tax Expenditures Reference Table (continued) |
|||||||||||
|
Estimates ($m) |
Projections ($m) |
||||||||||
|
Index |
Functional Group |
Description |
1997-98 |
1998-99 |
1999-00 |
2000-01 |
2001-02 |
2002-03 |
2003-04 |
2004-05 |
|
|
A11 |
Defence |
Exemption of certain allowancesand bounties payable to DefenceForce personnel |
|||||||||
|
2 |
2 |
3 |
2 |
2 |
3 |
3 |
3 |
||||
|
A12 |
Defence |
Exemption of the value of rations and quarters supplied without charge to Defence Force personnel |
|||||||||
|
na |
na |
na |
na |
na |
na |
na |
na |
||||
|
A13 |
Defence |
Exemption of pay and allowances earned in Australia by foreign forces |
|||||||||
|
<1 |
<1 |
<1 |
<1 |
<1 |
<1 |
<1 |
<1 |
||||
|
A14 |
Defence |
Exemption of compensation for loss of pay and allowances paid to Defence Force Reserve personnel |
|||||||||
|
- |
- |
- |
- |
na |
na |
na |
na |
||||
|
A15 |
Defence |
Exemption of compensation for loss of deployment allowance paid to Defence Force members |
|||||||||
|
- |
- |
- |
- |
na |
na |
na |
na |
||||
|
A16 |
Defence |
Exemption of pay and allowances earned by members of the Defence Force in an area prescribed by regulation |
|||||||||
|
<1 |
<1 |
35 |
18 |
18 |
18 |
18 |
18 |
||||
|
A17 |
Defence |
Exemption of some payments to civilian personnel in service with an armed fo |
|||||||||
|
<1 |
<1 |
<1 |
<1 |
<1 |
<1 |
<1 |
<1 |
||||
|
A18 |
Defence |
Rebates for Defence Force personnel serving overseas |
|||||||||
|
included in A53 |
|||||||||||
|
A19 |
Defence |
Exemption from the Medicare levy for Defence Force members |
|||||||||
|
30 |
30 |
30 |
30 |
30 |
30 |
35 |
35 |
||||
|
A20 |
Defence |
Exemption of income earned by visitors assisting in the defence of Australia |
|||||||||
|
<1 |
<1 |
<1 |
<1 |
<1 |
<1 |
<1 |
<1 |
||||
|
A21 |
Defence |
Exemption of Disturbance Allowance for Defence Force members |
|||||||||
|
5 |
5 |
5 |
5 |
5 |
5 |
5 |
5 |
||||
|
A22 |
Defence |
Exemption of Scholarship Allowance payable to Defence Force members |
|||||||||
|
na |
na |
na |
na |
na |
na |
na |
na |
||||
|
A23 |
Education |
Exemption of income from certain Commonwealth educational scholarships or forms of assistance |
|||||||||
|
10 |
8 |
7 |
8 |
9 |
10 |
11 |
13 |
||||
|
A24 |
Education |
Exemption of income from other scholarships or forms of assistance in limited circumstances |
|||||||||
|
na |
na |
na |
na |
na |
na |
na |
na |
||||
|
A25 |
Education |
Exemption of Australian income of visiting representatives of educational, scientific, religious or philanthropic societies and associations |
|||||||||
|
<1 |
<1 |
<1 |
<1 |
<1 |
<1 |
<1 |
<1 |
||||
|
A26 |
Education |
Exemption for grants from the Australian-American Educational Foundation |
|||||||||
|
<1 |
<1 |
<1 |
<1 |
<1 |
<1 |
<1 |
<1 |
||||
|
A27 |
Health |
Medical Expenses Rebate |
125 |
130 |
150 |
160 |
170 |
185 |
200 |
220 |
|
|
A28 |
Health |
Exemption from the Medicare levy for residents with a taxable income below a threshold |
|||||||||
|
310 |
280 |
290 |
330 |
350 |
350 |
360 |
370 |
||||
|
A29 |
Health |
Medicare levy exemption for non-residents, repatriation beneficiaries,foreign government representativesand certain residents |
|||||||||
|
40 |
45 |
65 |
70 |
70 |
75 |
80 |
85 |
||||
|
A30 |
Health |
Income-tested tax offset for private health insurance |
|||||||||
|
- |
160 |
60 |
- |
- |
- |
- |
- |
||||
|
A31 |
Health |
30 per cent rebate for expenditure on private health insurance |
|||||||||
|
- |
- |
120 |
195 |
270 |
270 |
290 |
310 |
||||
|
Exemption of private health insurance rebate/benefit, including expenseequivalent |
|||||||||||
|
- |
- |
380 |
680 |
720 |
740 |
780 |
820 |
||||
|
A32 |
Health |
Medicare levy surcharge |
- |
-105 |
-140 |
-150 |
-75 |
-75 |
-75 |
-75 |
|
|
A33 |
Social security and welfare |
Rebate for sole parents |
230 |
250 |
260 |
50 |
- |
- |
- |
- |
|
|
A34 |
Social security and welfare |
Rebate for taxpayers supporting adependent relative, parent-in-law,or invalid relative |
|||||||||
|
10 |
12 |
13 |
13 |
14 |
15 |
16 |
16 |
||||
|
A35 |
Social security and welfare |
Rebate for recipients of taxablerepatriation or social security pensions; or unemployment, sickness or special benefits |
|||||||||
|
1930 |
1980 |
2040 |
610 |
630 |
650 |
670 |
700 |
||||
|
A36 |
Social security and welfare |
Rebate for housekeeper who cares for a prescribed dependant of the taxpayer |
|||||||||
|
400 |
420 |
430 |
330 |
310 |
320 |
320 |
330 |
||||
|
A37 |
Social security and welfare |
Rebate for dependent spouse |
included in A36 |
||||||||
|
A38 |
Social security and welfare |
Rebate for child-housekeeper |
included in A36 |
||||||||
|
A39 |
Social security and welfare |
Rebate for low income earners |
520 |
490 |
440 |
460 |
390 |
370 |
360 |
340 |
|
|
A40 |
Social security and welfare |
Exemption of certain social security and repatriation payments |
|||||||||
|
1270 |
1330 |
1410 |
480 |
500 |
530 |
550 |
580 |
||||
|
A41 |
Social security and welfare |
Exemption of rent subsidy payments underthe Commonwealth/State mortgage andrent relief schemes |
|||||||||
|
13 |
13 |
14 |
15 |
13 |
12 |
14 |
14 |
||||
|
A42 |
Social security and welfare |
Senior Australians Tax Offset |
20 |
25 |
30 |
1340 |
1390 |
1440 |
1500 |
1600 |
|
|
A43 |
Social security and welfare |
Family Tax Assistance, Parts A and B |
250 |
400 |
380 |
0 |
- |
- |
- |
- |
|
|
A44 |
Social security and welfare |
Rebate for CDEP participants |
- |
7 |
8 |
7 |
7 |
8 |
9 |
10 |
|
|
A45 |
Social security and welfare |
Family Tax Benefit, Parts A and B (rebate) |
- |
- |
- |
11 |
350 |
370 |
390 |
410 |
|
|
Exemption of Family Tax Benefit,Parts A and B, including expenseequivalent |
|||||||||||
|
- |
- |
- |
1980 |
2210 |
2290 |
2330 |
2390 |
||||
|
A46 |
Social security and welfare |
Exemption of Child Care Benefit |
- |
- |
- |
330 |
410 |
440 |
480 |
490 |
|
|
A47 |
Social security and welfare |
Exemption of one-off savings bonus payments to senior Australians |
|||||||||
|
- |
- |
- |
430 |
- |
- |
- |
- |
||||
|
A48 |
Social security and welfare |
Exemption of certain war-related payments and pensions |
|||||||||
|
310 |
330 |
330 |
370 |
330 |
350 |
360 |
380 |
||||
|
A49 |
Social security and welfare |
Exemption of compensation paid byFederal Republic of Germany for Nazi persecution |
|||||||||
|
<5 |
<5 |
<5 |
<5 |
<5 |
<5 |
<5 |
<5 |
||||
|
A50 |
Social security and welfare |
Exemption of pensions, annuities or allowances paid by certain foreign governments for persecution |
|||||||||
|
included in A49 |
|||||||||||
|
A51 |
Social security and welfare |
Income tax exemption for certain pensions received by PNG residents |
|||||||||
|
na |
na |
na |
na |
na |
na |
na |
na |
||||
|
A52 |
Social security and welfare |
Exemption of one-off payment to older |
|||||||||
|
Australians |
- |
- |
- |
115 |
2 |
- |
- |
- |
|||
|
A53 |
Housing & community amenities |
Zone rebates |
180 |
180 |
175 |
175 |
175 |
180 |
185 |
190 |
|
|
A54 |
Recreation and culture |
Concessional rates of tax for abnormal receipts |
|||||||||
|
5 |
5 |
5 |
5 |
5 |
5 |
5 |
5 |
||||
|
A55 |
Other economic affairs (B) |
Deductibility of union dues and subscriptions to business associations |
|||||||||
|
na |
na |
na |
na |
na |
na |
na |
na |
||||
|
A56 |
Other economic affairs (B) |
Deferral of tax on share discounts and exemption of share discounts received by an employee under an approved employee share acquisition scheme |
|||||||||
|
na |
na |
na |
na |
na |
na |
na |
na |
||||
|
A57 |
Other economic affairs (B) |
Tax deferral advantage of subtractingundeducted purchase price componentof pension or annuity from assessableincome |
|||||||||
|
na |
na |
na |
na |
na |
na |
na |
na |
||||
|
A58-61 |
Not allocated to function |
Concessions under the substantiationprovisions for employment-relatedexpenses. |
|||||||||
|
na |
na |
na |
na |
na |
na |
na |
na |
||||
|
A62 |
Not allocated to function |
Rebate on certain payments of income received in arrears |
|||||||||
|
<1 |
<1 |
<1 |
<1 |
<1 |
<1 |
<1 |
<1 |
||||
|
A63 |
Not allocated to function |
Deduction for gifts other than trading stockto approved donees |
|||||||||
|
210 |
230 |
250 |
300 |
300 |
320 |
350 |
370 |
||||
|
A64 |
Not allocated to function |
Deduction for gifts of trading stock to approved donees |
|||||||||
|
included in A63 |
|||||||||||
|
A65 |
Not allocated to function |
Concession for post-judgement interest awards in personal injury compensationcases |
|||||||||
|
- |
- |
14 |
2 |
2 |
2 |
2 |
2 |
||||
|
A66 |
Not allocated to function |
Rebate of interest on certain government securities |
|||||||||
|
<1 |
<1 |
<1 |
<1 |
<1 |
<1 |
<1 |
<1 |
||||
|
A67 |
Not allocated to function |
Exemption from income tax of one-off payments to former civilian internees and detainees of the Japanese |
|||||||||
|
- |
- |
- |
4 |
- |
- |
- |
- |
||||
|
A68 |
Not allocated to function |
Exemption for structured settlementannuities |
|||||||||
|
- |
- |
- |
- |
- |
1.4 |
2.5 |
3.6 |
||||
|
B Retirement benefits benchmark |
|||||||||||
|
B1 |
Social security and welfare |
Concessional treatment of superannuation |
9920 |
9510 |
10210 |
9065 |
9485 |
10305 |
11225 |
11875 |
|
|
B2 |
Social security and welfare |
Concessional treatment of non-superannuation termination benefits |
|||||||||
|
1370 |
1450 |
1530 |
1490 |
1580 |
1680 |
1780 |
1890 |
||||
|
B3 |
Social security and welfare |
Capped taxation rate applying to unused recreation and long service leave |
|||||||||
|
280 |
260 |
250 |
210 |
195 |
185 |
175 |
170 |
||||
|
B4 |
Social security and welfare |
Taxation of 5 per cent of unused longservice leave accumulated by15 August 1978 |
|||||||||
|
190 |
160 |
160 |
160 |
155 |
155 |
155 |
150 |
||||
|
B5 |
Social security and welfare |
CGT exemption on the sale of a small business at retirement |
|||||||||
|
- |
25 |
25 |
25 |
25 |
25 |
25 |
25 |
||||
|
B6 |
Social security and welfare |
CGT discount for superannuation funds |
included in B1 |
||||||||
|
B7 |
Other economic affairs (C) |
Small business 15 year retirement CGT exemption |
|||||||||
|
- |
- |
- |
na |
na |
na |
na |
na |
||||
|
B8 |
Other economic affairs (C) |
CGT rollover relief for ADF and superannuation funds |
|||||||||
|
na |
na |
na |
na |
na |
na |
na |
na |
||||
|
B9 |
Not allocated to function |
Savings rebate |
- |
350 |
520 |
- |
- |
- |
- |
- |
|
|
C Fringe benefits tax benchmark |
|||||||||||
|
C1 |
General public services (B) |
Benefits provided by certain international organisations |
|||||||||
|
na |
na |
na |
na |
na |
na |
na |
na |
||||
|
C2 |
Defence |
Loan benefits on war service home loans |
na |
na |
na |
na |
na |
na |
na |
na |
|
|
C3 |
Defence |
Exclusion from reporting requirement for certain benefits provided to Australian Defence Force personnel |
|||||||||
|
- |
- |
- |
10 |
10 |
10 |
10 |
10 |
||||
|
C4 |
Defence |
Exclusion from reporting for certainelements of the Overseas LivingAllowance |
|||||||||
|
included in C3 |
|||||||||||
|
C5 |
Defence |
Exclusion from reporting of benefits associated with Australian Defence Force removals |
|||||||||
|
na |
na |
na |
na |
na |
na |
na |
na |
||||
|
C6 |
Education |
Education costs for children of employees posted overseas |
|||||||||
|
na |
na |
na |
na |
na |
na |
na |
na |
||||
|
C7 |
Education |
Disregard of possible application of the$250 threshold for deductibility for someself-education expenses |
|||||||||
|
<5 |
<5 |
<5 |
<5 |
<5 |
<5 |
<5 |
<5 |
||||
|
C8 |
Health |
Benefits provided by public hospitals to their employees |
|||||||||
|
130 |
145 |
155 |
115 |
120 |
125 |
125 |
130 |
||||
|
C9 |
Health |
Employee/family travel costs associated with overseas medical treatment |
|||||||||
|
<5 |
<5 |
<5 |
<5 |
<5 |
<5 |
<5 |
<5 |
||||
|
C10 |
Social security and welfare |
Safety award benefits up to $200 per year per employee |
|||||||||
|
na |
na |
na |
na |
na |
na |
na |
na |
||||
|
C11 |
Social security and welfare |
Recreation/child care facilities on an employer's premises |
|||||||||
|
na |
na |
na |
na |
na |
na |
na |
na |
||||
|
C12 |
Social security and welfare |
Employer contributions to secure child-care places in certain centres |
|||||||||
|
na |
na |
na |
na |
na |
na |
na |
na |
||||
|
C13 |
Social security and welfare |
Benefits provided by PBIs (excluding public hospitals) to employees |
|||||||||
|
180 |
190 |
210 |
240 |
240 |
250 |
260 |
270 |
||||
|
C14 |
Social security and welfare |
Accommodation, fuel and meals for live-in employees caring for the elderly or disadvantaged |
|||||||||
|
na |
na |
na |
na |
na |
na |
na |
na |
||||
|
C15 |
Social security and welfare |
Employer provided property/facilities for immediate relief of employees/families in times of emergency |
|||||||||
|
na |
na |
na |
na |
na |
na |
na |
na |
||||
|
C16 |
Housing & community amenities |
Housing benefits and residential fuels in remote areas |
|||||||||
|
40 |
35 |
35 |
80 |
70 |
80 |
80 |
85 |
||||
|
C17 |
Housing & community amenities |
Exemption for housing provided by certain employers in regional areas |
|||||||||
|
- |
- |
- |
na |
na |
na |
na |
na |
||||
|
C18 |
Housing & community amenities |
Exclusion from reporting for regionalhousing benefits provided by certainemployers in regional areas |
|||||||||
|
- |
- |
- |
na |
na |
na |
na |
na |
||||
|
C19 |
Housing & community amenities |
Discount on interest or purchase price for remote area housing purchase assistance and associated fuel benefits |
|||||||||
|
na |
na |
na |
na |
na |
na |
na |
na |
||||
|
C20 |
Transport and communications |
Free or discounted commuter travel to employees where the employer carries on a business of providing public transport |
|||||||||
|
30 |
30 |
35 |
35 |
45 |
45 |
45 |
45 |
||||
|
C21 |
Transport and communications |
Employee taxi travel arriving at or leaving from place of work |
|||||||||
|
na |
na |
na |
na |
na |
na |
na |
na |
||||
|
C22 |
Transport and communications |
Exemption for free travel to and from duty by police officers on public transport |
|||||||||
|
- |
- |
- |
5 |
5 |
5 |
5 |
5 |
||||
|
C23 |
Other economic affairs (A) |
Discounted valuation of employee stand-by travel for airline employees and travelagents |
|||||||||
|
85 |
85 |
85 |
95 |
100 |
100 |
105 |
110 |
||||
|
C24 |
Other economic affairs (B) |
Long service awards of more than 15 years to $500 per employee |
|||||||||
|
<5 |
<5 |
<5 |
<5 |
<5 |
<5 |
<5 |
<5 |
||||
|
C25 |
Other economic affairs (B) |
Food and accommodation provided to employees training under the Australian Traineeship Scheme |
|||||||||
|
<5 |
<5 |
<5 |
<5 |
<5 |
<5 |
<5 |
<5 |
||||
|
C26 |
Other economic affairs (B) |
Compensation-related benefits, certain relocation and recruitment expenses |
|||||||||
|
na |
na |
na |
na |
na |
na |
na |
na |
||||
|
C27 |
Other economic affairs (B) |
Occupational health and counselling services and some training courses |
|||||||||
|
na |
na |
na |
na |
na |
na |
na |
na |
||||
|
C28 |
Other economic affairs (B) |
Discounted valuation of certain relocation and recruitment expenses |
|||||||||
|
na |
na |
na |
na |
na |
na |
na |
na |
||||
|
C29 |
Other economic affairs (B) |
Reimbursement of car expenses incurred with occupational health and counselling services and some training courses |
|||||||||
|
na |
na |
na |
na |
na |
na |
na |
na |
||||
|
C30 |
Other economic affairs (C) |
Exemption for certain loan benefits |
na |
na |
na |
na |
na |
na |
na |
na |
|
|
C31 |
Other economic affairs (C) |
Discounted valuation of certain loanbenefits |
|||||||||
|
na |
na |
na |
na |
na |
na |
na |
na |
||||
|
C32 |
Other economic affairs (C) |
Application of statutory formula to valuecar benefits |
|||||||||
|
870 |
910 |
940 |
880 |
910 |
940 |
960 |
980 |
||||
|
C33 |
Other economic affairs (C) |
Record keeping for employers submittinga return with $5,000 or less in taxablebenefits |
|||||||||
|
- |
- |
6 |
6 |
6 |
6 |
6 |
6 |
||||
|
C34 |
Other economic affairs (C) |
Car parking on small business premises |
na |
na |
na |
na |
na |
na |
na |
na |
|
|
C35 |
Not allocated to function |
Rebate of FBT for some non-government, non-profit organisations |
|||||||||
|
55 |
60 |
70 |
55 |
40 |
40 |
45 |
45 |
||||
|
C36 |
Not allocated to function |
Benefits in relation to certain compassionate travel of employees |
|||||||||
|
<5 |
<5 |
<5 |
<5 |
<5 |
<5 |
<5 |
<5 |
||||
|
C37 |
Not allocated to function |
Fringe benefits provided by religious institutions |
|||||||||
|
170 |
175 |
180 |
180 |
180 |
180 |
185 |
185 |
||||
|
C38 |
Not allocated to function |
Staff accommodation at religiousinstitutions and meals provided inreligious houses |
|||||||||
|
<5 |
<5 |
<5 |
<5 |
<5 |
<5 |
<5 |
<5 |
||||
|
C39 |
Not allocated to function |
Provision of food and drink in certain circumstances |
|||||||||
|
na |
na |
na |
na |
na |
na |
na |
na |
||||
|
C40 |
Not allocated to function |
Discounted valuation of arm's length transaction price for in-house property and residual fringe benefits |
|||||||||
|
na |
na |
na |
na |
na |
na |
na |
na |
||||
|
C41 |
Not allocated to function |
Airline transport fringe benefits and free discounted goods and services up to a threshold |
|||||||||
|
na |
na |
na |
na |
na |
na |
na |
na |
||||
|
C42 |
Not allocated to function |
Board fringe benefits |
20 |
25 |
25 |
30 |
30 |
30 |
30 |
30 |
|
|
C43 |
Not allocated to function |
Certain car parking fringe benefits |
na |
na |
na |
na |
na |
na |
na |
na |
|
|
C44 |
Not allocated to function |
Benefits resulting from valuation arrangements for car parking |
|||||||||
|
na |
na |
na |
na |
na |
na |
na |
na |
||||
|
C45 |
Not allocated to function |
Discounted valuation for holiday travel for employees posted overseas |
|||||||||
|
na |
na |
na |
na |
na |
na |
na |
na |
||||
|
C46 |
Not allocated to function |
Transport for oil rig and remote area employees in certain circumstances |
|||||||||
|
na |
na |
na |
na |
na |
na |
na |
na |
||||
|
C47 |
Not allocated to function |
Discounted valuation of remote area holiday benefits |
|||||||||
|
na |
na |
na |
na |
na |
na |
na |
na |
||||
|
C48 |
Not allocated to function |
Minor benefits |
na |
na |
na |
na |
na |
na |
na |
na |
|
|
C49 |
Not allocated to function |
Private use of business property consumed on business premises |
|||||||||
|
na |
na |
na |
na |
na |
na |
na |
na |
||||
|
C50 |
Not allocated to function |
Allowances and accommodation benefits |
na |
na |
na |
na |
na |
na |
na |
na |
|
|
C51 |
Not allocated to function |
Private use of company car that is minor and infrequent |
|||||||||
|
na |
na |
na |
na |
na |
na |
na |
na |
||||
|
C52 |
Not allocated to function |
Loans to employees to meet employment-related and accommodation-relatedexpenses |
|||||||||
|
na |
na |
na |
na |
na |
na |
na |
na |
||||
|
C53 |
Not allocated to function |
Exclusion from reporting for certain travel in marked emergency vehicles |
|||||||||
|
- |
- |
- |
na |
na |
na |
na |
na |
||||
|
C54 |
Not allocated to function |
Exemption for organisations promoting the prevention or control of disease in people |
|||||||||
|
- |
- |
- |
na |
na |
na |
na |
na |
||||
|
C55 |
Not allocated to function |
Exclusion from reporting of benefits associated with police force removals |
|||||||||
|
- |
- |
- |
- |
na |
na |
na |
na |
||||
|
C56 |
Not allocated to function |
Exclusion from reporting of benefits associated with home-to-work travel in unmarked police vehicles |
|||||||||
|
- |
- |
- |
- |
na |
na |
na |
na |
||||
|
D Business tax benchmark |
|||||||||||
|
Income tax benchmark |
|||||||||||
|
D1 |
Health |
Income tax exemption for registered health benefit organisations |
|||||||||
|
25 |
50 |
50 |
45 |
50 |
50 |
55 |
55 |
||||
|
D2 |
Health |
Income tax exemption for public and non-profit hospitals |
|||||||||
|
<1 |
<1 |
<1 |
<1 |
<1 |
<1 |
<1 |
<1 |
||||
|
D3 |
Social security and welfare |
Income tax exemption for religious,scientific, charitable or public educationalinstitutions |
|||||||||
|
na |
na |
na |
na |
na |
na |
na |
na |
||||
|
D4 |
Social security and welfare |
Concessional taxation treatment of mining payments made in connection with the useof Aboriginal land |
|||||||||
|
<1 |
<1 |
<1 |
<1 |
<1 |
<1 |
<1 |
<1 |
||||
|
D5 |
Social security and welfare |
Taxation of life insurance investmentincome |
|||||||||
|
na |
na |
na |
na |
na |
na |
na |
na |
||||
|
D6 |
Recreation and culture |
Income tax exemption for certain non-profit societies |
|||||||||
|
25 |
30 |
30 |
30 |
25 |
25 |
30 |
30 |
||||
|
D7 |
Recreation and culture |
Income tax exemption for the Australian Film Finance Corporation |
|||||||||
|
<1 |
<1 |
<1 |
<1 |
<1 |
<1 |
<1 |
<1 |
||||
|
D8 |
Recreation and culture |
Income tax exemption for Australian film receipts |
|||||||||
|
included in D49 |
|||||||||||
|
D9 |
Recreation and culture |
Income tax exemption for certain promotion and development non-profit societies |
|||||||||
|
30 |
30 |
30 |
30 |
30 |
25 |
25 |
25 |
||||
|
D10 |
Agriculture, forestry and fishing |
Income tax averaging for primaryproducers |
|||||||||
|
100 |
75 |
70 |
75 |
80 |
95 |
100 |
110 |
||||
|
D11 |
Agriculture, forestry and fishing |
Deferment of income from a double woolclip |
|||||||||
|
na |
na |
na |
na |
na |
na |
na |
na |
||||
|
D12 |
Agriculture, forestry and fishing |
Spreading insurance recoveries for loss of timber or livestock |
|||||||||
|
na |
na |
na |
na |
na |
na |
na |
na |
||||
|
D13 |
Agriculture, forestry and fishing |
Valuation of livestock from naturalincrease |
|||||||||
|
60 |
60 |
70 |
70 |
75 |
85 |
90 |
100 |
||||
|
D14 |
Agriculture, forestry and fishing |
Introduction of new trading stock rules for |
|||||||||
|
oyster farmers |
- |
- |
- |
- |
.. |
.. |
.. |
.. |
|||
|
D15 |
Agriculture, forestry and fishing |
Income tax exemption for Dairy Exit |
|||||||||
|
Program payments |
- |
- |
- |
- |
1 |
1 |
1 |
- |
|||
|
D16 |
Mining, mineral, manufacturing |
Infrastructure Bonds Scheme |
115 |
105 |
85 |
60 |
25 |
20 |
10 |
0 |
|
|
D17 |
Mining, mineral, manufacturing |
Infrastructure Borrowings Tax OffsetScheme |
|||||||||
|
<10 |
<75 |
<75 |
<75 |
<75 |
<75 |
<75 |
<75 |
||||
|
D18 |
Mining, mineral, manufacturing |
Income tax exemption for sale, transfer or assignment of mining rights |
|||||||||
|
40 |
18 |
5 |
- |
- |
- |
- |
- |
||||
|
D19 |
Mining, mineral, manufacturing |
Income tax exemption for funds established for scientific research |
|||||||||
|
<1 |
<1 |
<1 |
<1 |
<1 |
<1 |
<1 |
<1 |
||||
|
D20 |
Other economic affairs (B) |
Income tax exemption for trade unions and registered organisations |
|||||||||
|
10 |
10 |
10 |
10 |
10 |
9 |
9 |
9 |
||||
|
D21 |
Other economic affairs (B) |
Income tax exemption for CRAFT apprenticeship rebates |
|||||||||
|
12 |
13 |
7 |
12 |
11 |
5 |
- |
- |
||||
|
D22 |
Other economic affairs (C) |
Concessional tax rate for the life insurance business of friendly societies |
|||||||||
|
20 |
10 |
10 |
5 |
.. |
- |
- |
- |
||||
|
D23 |
Other economic affairs (C) |
Income tax exemption for current pensionliabilities |
|||||||||
|
na |
na |
na |
na |
na |
na |
na |
na |
||||
|
D24 |
Other economic affairs (C) |
Income tax exemptions for foreign superannuation funds |
|||||||||
|
na |
na |
na |
na |
na |
na |
na |
na |
||||
|
D25 |
Other economic affairs (C) |
Pooled Development Funds |
<1 |
<1 |
3 |
5 |
8 |
11 |
16 |
20 |
|
|
D26 |
Other economic affairs (C) |
Concessional treatment of some creditunions |
|||||||||
|
30 |
<1 |
<1 |
<1 |
<1 |
<1 |
<1 |
<1 |
||||
|
D27 |
Other purposes (D) |
Income tax exemption for Katherine Business Re-establishment trust fund |
|||||||||
|
- |
2 |
- |
- |
- |
- |
- |
- |
||||
|
D28 |
Other purposes (D) |
Income tax exemption for Cyclones Elaine and Vance trust fund |
|||||||||
|
- |
- |
1 |
- |
- |
- |
- |
- |
||||
|
D29 |
Not allocated to function |
Transitional taxation of life insurance management fees |
|||||||||
|
- |
- |
- |
120 |
150 |
135 |
135 |
135 |
||||
|
D30 |
Not allocated to function |
Income tax exemption for State/Territory bodies |
|||||||||
|
na |
na |
na |
na |
na |
na |
na |
na |
||||
|
D31 |
Not allocated to function |
Income tax exemption for municipalauthorities and other local governingbodies |
|||||||||
|
95 |
95 |
90 |
95 |
95 |
85 |
90 |
95 |
||||
|
Capital gains tax (CGT) benchmark |
|||||||||||
|
D32 |
Defence |
CGT exemption for valour or brave conduct decorations |
|||||||||
|
<1 |
<1 |
<1 |
<1 |
<1 |
<1 |
<1 |
<1 |
||||
|
D33 |
Health |
CGT exemption for disposal of assets under the Rural and Remote General Practice program |
|||||||||
|
<1 |
<1 |
<1 |
<1 |
<1 |
<1 |
<1 |
<1 |
||||
|
D34 |
Housing & community amenities |
CGT treatment of perpetual conservation |
|||||||||
|
covenants |
- |
- |
- |
- |
<1 |
<1 |
<1 |
<1 |
|||
|
D35 |
Housing & community amenities |
CGT main residence exemption |
na |
na |
na |
na |
na |
na |
na |
na |
|
|
D36 |
Recreation and culture |
CGT exemption for the disposal of assets under the Cultural Bequests and Cultural Gifts programs |
|||||||||
|
na |
na |
na |
na |
na |
na |
na |
na |
||||
|
D37 |
Transport and communications |
CGT exemption for payments under the Sydney Aircraft Noise Insulation project |
|||||||||
|
11 |
15 |
11 |
6 |
9 |
9 |
9 |
9 |
||||
|
D38 |
Transport and communications |
CGT exemption for payments under the M4/M5 Cashback Scheme |
|||||||||
|
na |
9 |
12 |
14 |
16 |
16 |
17 |
17 |
||||
|
D39 |
Other economic affairs (C) |
Venture capital concessions |
- |
- |
- |
- |
- |
na |
na |
na |
|
|
D40 |
Other economic affairs (C) |
Small business 50 per cent CGT exemptionfor the sale of active business assets |
|||||||||
|
- |
- |
- |
- |
na |
na |
na |
na |
||||
|
D41 |
Other economic affairs (C) |
Small business CGT rollover |
- |
60 |
55 |
40 |
40 |
45 |
45 |
45 |
|
|
D42 |
Other economic affairs (C) |
Small business CGT partial exemption for goodwill |
|||||||||
|
na |
na |
na |
na |
- |
- |
- |
- |
||||
|
D43 |
Other economic affairs (C) |
Exemption from reducing the cost base of trusts for CGT purposes |
|||||||||
|
na |
na |
na |
na |
na |
na |
na |
na |
||||
|
D44 |
Other economic affairs (C) |
CGT discount for individuals |
- |
- |
- |
860 |
1180 |
1290 |
1420 |
1480 |
|
|
D45 |
Other economic affairs (C) |
CGT scrip-for-scrip rollover relief |
- |
- |
- |
na |
na |
na |
na |
na |
|
|
D46 |
Other economic affairs (C) |
CGT rollover relief for involuntarydisposals |
|||||||||
|
- |
- |
- |
na |
na |
na |
na |
na |
||||
|
D47 |
Other economic affairs (C) |
CGT discount for investors in LICs |
- |
- |
- |
- |
5 |
20 |
20 |
20 |
|
|
D48 |
Other economic affairs (C) |
Non-imposition of CGT on capital gains that accrue before an asset becomes a segregated pension asset but are realised after the asset becomes a segregated pension asset |
|||||||||
|
na |
na |
na |
na |
na |
na |
na |
na |
||||
|
Deductions benchmark |
|||||||||||
|
Effective life |
|||||||||||
|
D49 |
Recreation and culture |
Tax incentives for film investment |
20 |
20 |
20 |
17 |
16 |
16 |
16 |
16 |
|
|
D50 |
Recreation and culture |
Film Licensed Investment Companies |
- |
- |
na |
na |
na |
na |
na |
na |
|
|
D51 |
Recreation and culture |
Refundable tax offset for large scale film |
|||||||||
|
production |
- |
- |
- |
- |
- |
5 |
35 |
32 |
|||
|
D52 |
Agriculture, forestry and fishing |
Accelerated depreciation for water management costs |
|||||||||
|
25 |
20 |
20 |
20 |
20 |
20 |
20 |
25 |
||||
|
D53 |
Agriculture, forestry and fishing |
Landcare deduction |
included in D52 |
||||||||
|
D54 |
Agriculture, forestry and fishing |
Landcare offset |
- |
1 |
1 |
<1 |
<1 |
<1 |
<1 |
<1 |
|
|
D55 |
Agriculture, forestry and fishing |
Deduction for horse breeding stock |
na |
na |
na |
na |
na |
na |
na |
na |
|
|
D56 |
Agriculture, forestry and fishing |
Depreciation of the capital cost of telephone lines for primary producers |
|||||||||
|
1 |
1 |
1 |
1 |
1 |
1 |
1 |
1 |
||||
|
D57 |
Agriculture, forestry and fishing |
Tax write-off for horticultural plants |
1 |
3 |
4 |
5 |
5 |
6 |
7 |
8 |
|
|
D58 |
Agriculture, forestry and fishing |
Accelerated depreciation for grapevine plantings |
|||||||||
|
4 |
4 |
4 |
4 |
4 |
4 |
4 |
5 |
||||
|
D59 |
Agriculture, forestry and fishing |
Drought investment allowance |
14 |
12 |
10 |
5 |
- |
- |
- |
- |
|
|
D60 |
Mining, mineral, manufacturing |
Development allowance |
260 |
260 |
250 |
220 |
200 |
170 |
- |
- |
|
|
D61 |
Mining, mineral, manufacturing |
Capital expenditure deduction for mining, quarrying and petroleum operations |
|||||||||
|
na |
na |
na |
na |
na |
na |
na |
na |
||||
|
D62 |
Mining, mineral, manufacturing |
Deduction for patents, designs andcopyright |
|||||||||
|
25 |
30 |
30 |
35 |
35 |
35 |
40 |
40 |
||||
|
D63 |
Mining, mineral, manufacturing |
Exploration and prospecting deduction |
na |
na |
na |
na |
na |
na |
na |
na |
|
|
D64 |
Mining, mineral, manufacturing |
Deduction for expenditure on environmental impact studies |
|||||||||
|
included in D65 |
|||||||||||
|
D65 |
Mining, mineral, manufacturing |
Deduction for expenditure on pollutioncontrol |
|||||||||
|
14 |
18 |
14 |
13 |
11 |
11 |
11 |
12 |
||||
|
D66 |
Mining, mineral, manufacturing |
Depreciation to nil value rather than estimated scrap value |
|||||||||
|
<10 |
<10 |
<10 |
<10 |
<10 |
<10 |
<10 |
<10 |
||||
|
D67 |
Mining, mineral, manufacturing |
Depreciation balancing charge rolloverrelief |
|||||||||
|
na |
na |
na |
na |
na |
na |
na |
na |
||||
|
D68 |
Mining, mineral, manufacturing |
Balancing charge rollover relief for exploration, mining and quarrying activities |
|||||||||
|
na |
na |
na |
na |
na |
na |
na |
na |
||||
|
D69 |
Mining, mineral, manufacturing |
Absence of cost base recapture for certain assets |
|||||||||
|
na |
na |
na |
na |
na |
na |
na |
na |
||||
|
D70 |
Mining, mineral, manufacturing |
Accelerated depreciation allowance for plant and equipment |
|||||||||
|
1930 |
2050 |
2110 |
1530 |
280 |
-460 |
-870 |
-1040 |
||||
|
D71 |
Mining, mineral, manufacturing |
Accelerated depreciation for employees' amenities |
|||||||||
|
included in D70 |
|||||||||||
|
D72 |
Mining, mineral, manufacturing |
Accelerated depreciation for miningbuildings |
|||||||||
|
310 |
310 |
31 |
310 |
290 |
260 |
260 |
260 |
||||
|
D73 |
Mining, mineral, manufacturing |
Depreciation pooling for low-value assets |
- |
- |
- |
165 |
550 |
650 |
720 |
750 |
|
|
D74 |
Mining, mineral, manufacturing |
Accelerated depreciation for Australian trading ships |
|||||||||
|
-7 |
-8 |
-20 |
-25 |
-25 |
-17 |
-14 |
-11 |
||||
|
D75 |
Other economic affairs (C) |
Depreciation for upgrading mains electricity to a business property |
|||||||||
|
7 |
7 |
7 |
7 |
7 |
7 |
7 |
7 |
||||
|
D76 |
Other economic affairs (C) |
The Simplified Tax System |
- |
- |
- |
- |
280 |
550 |
240 |
340 |
|
|
D77 |
Other economic affairs (C) |
Transitional exemption of small business |
|||||||||
|
from abolition of accelerated depreciation, |
|||||||||||
|
balancing charge offset and low-value |
|||||||||||
|
pooling |
- |
- |
- |
220 |
470 |
-260 |
-90 |
-60 |
|||
|
D78 |
Other economic affairs (C) |
R&D refundable tax offset for small |
|||||||||
|
companies |
- |
- |
- |
- |
- |
11 |
8 |
6 |
|||
|
D79 |
Other economic affairs (C) |
R&D tax concession |
500 |
400 |
430 |
450 |
420 |
310 |
330 |
370 |
|
|
D80 |
Other economic affairs (C) |
Premium tax concession for additional |
|||||||||
|
R&D expenditure |
- |
- |
- |
- |
40 |
105 |
120 |
135 |
|||
|
D81 |
Other economic affairs (C) |
De minimis exemption for thin capitalisation |
- |
- |
- |
- |
.. |
.. |
.. |
.. |
|
|
D82 |
Not allocated to function |
Accelerated depreciation for software |
- |
15 |
65 |
165 |
250 |
270 |
240 |
175 |
|
|
D83 |
Not allocated to function |
Immediate deduction relating to Y2Kupgrades |
|||||||||
|
- |
5 |
105 |
130 |
-70 |
-70 |
-65 |
-40 |
||||
|
D84 |
Not allocated to function |
Immediate deductibility for GST-related plant and software |
|||||||||
|
- |
- |
- |
185 |
-50 |
-50 |
-40 |
-35 |
||||
|
Apportionment |
|||||||||||
|
D85 |
Other economic affairs (C) |
Prepayment rule for STS taxpayers and non-business expenditure by individuals |
|||||||||
|
na |
na |
na |
na |
na |
na |
na |
na |
||||
|
D86 |
Other economic affairs (C) |
Transitional arrangements forprepayments |
|||||||||
|
- |
- |
45 |
750 |
-210 |
-30 |
-220 |
-185 |
||||
|
D87 |
Other economic affairs (C) |
The 10-year rule for prepayments |
na |
na |
na |
na |
na |
na |
na |
na |
|
|
D88 |
Other economic affairs (C) |
Exemption from the tax shelterprepayments measure for passiveinvestments |
|||||||||
|
- |
- |
- |
na |
na |
na |
na |
na |
||||
|
D89 |
Other economic affairs (C) |
Prepayment rule for forestry managedinvestments |
|||||||||
|
- |
- |
- |
- |
- |
-25 |
-5 |
- |
||||
|
Private use |
|||||||||||
|
D90 |
Other economic affairs (C) |
Capitalisation of ownership costs of assets held partly for private use |
|||||||||
|
na |
na |
na |
na |
na |
na |
na |
na |
||||
|
D91 |
Not allocated to function |
Exemption from non-commercial losses provisions (primary producers and artists) |
|||||||||
|
- |
- |
- |
20 |
90 |
80 |
65 |
55 |
||||
|
Other |
|||||||||||
|
D92 |
Social security and welfare |
Deductability of expenses incurred for entertaining disadvantaged members of the public |
|||||||||
|
na |
na |
na |
na |
na |
na |
na |
na |
||||
|
D93 |
Agriculture, forestry and fishing |
Income Equalisation Deposits scheme |
25 |
25 |
9 |
- |
- |
- |
- |
- |
|
|
D94 |
Agriculture, forestry and fishing |
Farm Management Deposit scheme |
- |
- |
25 |
30 |
25 |
30 |
30 |
30 |
|
|
D95 |
Other economic affairs (C) |
Deduction to co-operative companies |
na |
na |
na |
na |
na |
na |
na |
na |
|
|
International benchmark |
|||||||||||
|
D96 |
General public services (C) |
Income tax exemption for prescribed international organisations |
|||||||||
|
na |
na |
na |
na |
na |
na |
na |
na |
||||
|
D97 |
General public services (C) |
IWT exemption for certain overseas organisations |
|||||||||
|
included in D110 |
|||||||||||
|
D98 |
General public services (C) |
DWT exemption for certain overseas organisations |
|||||||||
|
na |
na |
na |
na |
na |
na |
na |
na |
||||
|
D99 |
General public services (C) |
IWT and DWT exemption for prescribed international organisations |
|||||||||
|
na |
na |
na |
na |
na |
na |
na |
na |
||||
|
D100 |
General public services (C) |
Tax sparing provisions in Australia's DTAs |
35 |
10 |
25 |
15 |
5 |
5 |
- |
- |
|
|
D101 |
General public services (C) |
Exemption for branch profits from foreign tax credit system |
|||||||||
|
na |
na |
na |
na |
na |
na |
na |
na |
||||
|
D102 |
Defence |
Income tax exemption for certain US projects in Australia |
|||||||||
|
na |
na |
na |
na |
na |
na |
na |
na |
||||
|
D103 |
Other economic affairs (C) |
Half IWT on foreign bank branch interest payments to the foreign bank |
|||||||||
|
included in D110 |
|||||||||||
|
D104 |
Other economic affairs (C) |
Deductibility of costs of setting up a regional headquarters |
|||||||||
|
2 |
2 |
2 |
2 |
<1 |
<1 |
<1 |
<1 |
||||
|
D105 |
Other economic affairs (C) |
Concessional tax treatment of income of offshore banking units |
|||||||||
|
20 |
30 |
45 |
45 |
40 |
35 |
35 |
35 |
||||
|
D106 |
Other economic affairs (C) |
DWT exemption for Pooled DevelopmentFunds |
|||||||||
|
na |
na |
na |
na |
na |
na |
na |
na |
||||
|
D107 |
Not allocated to function |
Exemption of non-portfolio dividends from the foreign tax credit system |
|||||||||
|
na |
na |
na |
na |
na |
na |
na |
na |
||||
|
D108 |
Not allocated to function |
Exemption from accrual taxation for controlled foreign companies |
|||||||||
|
na |
na |
na |
na |
na |
na |
na |
na |
||||
|
D109 |
Not allocated to function |
Exemption from accrual taxation for transferor trusts |
|||||||||
|
na |
na |
na |
na |
na |
na |
na |
na |
||||
|
D110 |
Not allocated to function |
Exemption from IWT on widely held |
|||||||||
|
debentures |
740 |
560 |
580 |
570 |
590 |
590 |
590 |
590 |
|||
|
E Excise duty benchmark |
|||||||||||
|
E1 |
Health |
Penalty rate of excise levied on leadedpetrol |
|||||||||
|
-120 |
-105 |
-80 |
-25 |
- |
- |
- |
- |
||||
|
E2 |
Health |
Penalty rate of excise levied on cigarettes with less than 0.8 grams of tobacco |
|||||||||
|
- |
- |
na |
na |
na |
na |
na |
na |
||||
|
E3 |
Fuels and energy |
Exemption from excise for 'alternativefuels' |
|||||||||
|
610 |
660 |
730 |
840 |
900 |
1020 |
1170 |
1200 |
||||
|
E4 |
Fuels and energy |
Concessional rate of excise levied on fuel oil, heating oil and kerosene |
|||||||||
|
320 |
160 |
120 |
135 |
130 |
120 |
115 |
115 |
||||
|
E5 |
Fuels and energy |
Concessional rate of excise levied on aviation gasoline and aviation turbine fuel |
|||||||||
|
710 |
750 |
840 |
850 |
860 |
880 |
900 |
910 |
||||
|
E6 |
Agriculture, forestry and fishing |
Concessional rate of excise levied onbrandy |
|||||||||
|
5 |
5 |
5 |
3 |
3 |
3 |
3 |
3 |
||||
|
E7 |
Not allocated to function |
No excise-free threshold for alcoholic beverages (other than beer) not exceeding 10 per cent alcohol |
|||||||||
|
- |
- |
- |
-11 |
-11 |
-12 |
-12 |
-13 |
||||
|
E8 |
Not allocated to function |
WET rebate scheme |
- |
- |
- |
20 |
20 |
20 |
25 |
25 |
|
|
E9 |
Not allocated to function |
Concessional rate of excise levied on beersold in containers greater than 48 litres |
|||||||||
|
- |
- |
- |
30 |
150 |
160 |
160 |
160 |
||||
|
E10 |
Not allocated to function |
Concessional rate of excise levied on beerproduced for non-commerical purposesusing commercial facilities or equipment |
|||||||||
|
na |
na |
na |
na |
na |
na |
na |
na |
||||
|
E11 |
Not allocated to function |
Excise concession for microbreweries |
- |
- |
- |
<1 |
<1 |
<1 |
<1 |
<1 |
|
|
TOTAL |
25485 |
25753 |
27782 |
29585 |
0 |
29272 |
29805.4 |
30761.5 |
32134.6 |
||
|
TOTAL retirement |
9920 |
9510 |
10210 |
9065 |
0 |
9485 |
10305 |
11225 |
11875 |
||
Date