Australia

Details

  • Service: Tax, Corporate Tax, Topics, Tax Reform, Resource Taxation, Federal Budget
  • Industry: Energy & Natural Resources, Forestry, Mining, Oil & Gas, Power & Utilities, Renewables, Water
  • Type: Business and industry issue
  • Date: 9/05/2012

Energy & Natural Resources – Powering the nation to surplus 

There is no question as to the importance of the resources sector in driving growth and investment in the Australian economy. KPMG’s brief discusses changes reflected in the recent Federal Budget 2012-13 and the implications for the sector.
Energy & Natural Resources - Powering the nation to surplus cover
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Key insights

  • MRRT and expanded PRRT regime.
  • Carbon pricing regime, including a ‘shadow carbon price’ applicable for off-road use for mining.
  • Living away from home allowance benefits.
  • Increase in heavy vehicle road user charges.
  • Decision not to reduce company tax to 29 percent.

 

For further information please speak with your KPMG adviser or one of the KPMG professionals listed on our Brief.

 

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