PART II: REVENUE MEASURES

SUMMARY OF REVENUE MEASURES

.. Not zero, but rounded to zero.

• The nature of the measure is such that a reliable estimate cannot be provided.
• The measure will protect the revenue base used for the forward estimates, by removing opportunities for significant future expansion of tax minimisation practices. In the absence of the measure, to the extent that the revenue base would not be protected, there would be a significant revenue loss compared to the forward estimates.
• The measure will result in unquantifiable revenue gains to the extent of existing tax minimisation.

(a) A minus sign before an estimate indicates a reduction in revenue; no sign before an estimate indicates a gain to revenue.

(b) This measure is listed under income tax as most of the additional revenue raised ($30m in both 1998-99 and 1999-2000) is in the form of additional income tax collections; the remainder of the additional revenue raised ($10m in both 1998-99 and 1999-2000) is in the form of increased recoveries of the proceeds of crime.

(c) Includes running costs for the programme.

(d) The measure will reduce outlays compared with forward estimates for matching Government superannuation contributions as described in the 1995-96 Budget. The net fiscal impact of implementing the savings rebate but not going ahead with matching Government superannuation contributions will be positive.

(e) Includes measures amended or rejected by the Senate up to the 1997-98 Budget.

(f) A description of the measure is provided in the Mid-Year Economic and Fiscal Outlook 1996-97 and is not repeated in this document.

(g) Measures may not sum to totals due to rounding.