The Commonwealth Treasury


ax Expenditures Statement 2001

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Table 5.1

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 force of the United Nations

                 
                     
   

<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

310

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