Petroleum Resource Rent Tax: Review of Gas Transfer Pricing arrangements, closes on Friday 14 June 2019

On 2 November 2018, the Government announced the Government’s final response to the report of the Petroleum Resource Rent Tax Review provided by Michael Callaghan AM PSM.

As part of its response, the Government asked Treasury to lead a review of the gas transfer pricing arrangements, to consult and report within 12 to 18 months.

All interested parties are encouraged to make a submission by 14 June 2019.

On the blog: Resource Rent Taxes


Productivity Commission:

Remote Area Tax Concessions and Payments, closes on Monday 29 April 2019.

The Productivity Commission has released a new issues paper, Remote Area Tax Concessions and Payments, to assist individuals and organisations to prepare submissions to the study.

In the study, the Commission is to:

  • examine the operation of the zone tax offset and Fringe Benefit Tax (FBT) remote area concessions, including the levels of assistance provided, indexation and the boundaries of eligible areas and prescribed zones;
  • examine the economic and employment impacts of the zone tax offset, FBT remote area concessions, and Remote Area Allowance, including the effect of applying indexation, in regional Australia;
  • examine the operation of the Remote Area Allowance, which extends the benefits of the zone tax offset to income support recipients in remote zones;
  • consider whether the zone tax offset, FBT remote area concessions, and the Remote Area Allowance are delivering on their policy objectives and whether those objectives remain appropriate in a contemporary Australia;
  • consider if businesses in remote areas should be provided with similar support; and
  • consider if there are alternative mechanisms to better provide this support to Australians residing in specified geographic areas.

Initial submissions are due by Monday 29 April 2019.

On the blog: Productivity Commission to Review Australian Remote Tax Assistance

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