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Showing 1 - 10 of 113 results for "Receipts"

ASIC to receive $10m in FY27 to improve MIS supervision

MATTHEW WAI  |  TUESDAY, 12 MAY 2026
... address fraud in the system, including in relation to the research and development tax incentive, which will increase receipts by $217.8 million and increase payments by $72.9 million over the five years from FY26. The ATO will partially meet the cost ...

Government pushes for investment risk taking

RIDDHIMA TALWANI  |  TUESDAY, 12 MAY 2026
... assets costing less than $20,000 rather than depreciating them over several years. This measure is estimated to reduce receipts by $890 million over the next five years. "Making the $20,000 instant asset write-off permanent will benefit small business ...

Super tax receipts to increase by $10.9bn

ELIZA BAVIN  |  THURSDAY, 18 DEC 2025
The superannuation sector is expected to get a bigger tax bill with super tax receipts expected to increase by $10.9 billion over forward estimates, Treasurer Jim Chalmers revealed in the mid-year economic and fiscal outlook (MYEFO). "Superannuation ...

Tax rules clarified for managed investment trusts

ANDREW MCKEAN  |  TUESDAY, 25 MAR 2025
... the implantation of the amendments to the foreign resident capital gains tax regime is expected to reduce government receipts by $50 million and decrease payments by $300,000 over the five years from 2024-25. Meanwhile, the fiscal impact of deferring ...

Government looks to bolster TPB, tax compliance

JAMIE WILLIAMSON  |  TUESDAY, 25 MAR 2025
... for tax and business activity statement agents who take career breaks," the government said. It said this will increase receipts by an estimated $47 million and increase payments by about $27.4 million over five years.

Ireland to create new sovereign wealth fund

JAMIE WILLIAMSON  |  WEDNESDAY, 11 OCT 2023
... will hit €100 billion by 2035. The creation of the fund is made possible "using some of the windfall corporate tax receipts" the government has enjoyed in recent times, he said. Last year, Ireland raised close to €23 billion in corporation tax - ...

AMP settles class action for $110m

KARREN VERGARA  |  MONDAY, 21 AUG 2023
... morning. Komlotex represented shareholders who owned AMP between 10 May 2012 and 13 April 2018, or American Depositary Receipts attached to AMP shares between 7 June 2012 and 13 April 2018. At the crux of it, the class action alleged that AMP engaged ...

How this budget was built

ALEX DUNNIN  |  TUESDAY, 9 MAY 2023
... Australia's $2 trillion GDP, it accounts for almost 70% of national exports. As a result, the 9% increase in expected tax receipts for 2022-23 over 2021-22 and the 4% increase in expenditures don't come close to explaining the 23-24 budgetary ...

Future Fund subsidiaries set to receive tax exemption

ANDREW MCKEAN  |  THURSDAY, 15 DEC 2022
... Commonwealth over time. The measure was initially announced in the 2023/23 March Budget and is estimated to have no impact on receipts over the forward estimates period. The government is seeking comments on exposure draft legislation and explanatory ...

Budget deficit pressured by debt costs

ANDREW MCKEAN  |  WEDNESDAY, 26 OCT 2022
... deliver essential services. Specifically, the government said its budget commitments were underpinned by allowing tax receipts and income support to respond in line with changes in the economy; limiting growth in spending until gross debt as a share ...
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