Details

  • Service: Tax, Corporate Tax, Special Interests, Tax Reform, Resource Taxation, Topics, Federal Budget
  • Industry: Energy & Natural Resources, Energy & Mining Services, 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.
 

Contact us

Contact KPMG to find out more about our services or industry experience.

Federal Budget 2013

Federal Budget 2013
KPMG's review of the major implications arising from the 2013 Federal Budget.

Energy & Natural Resources

KPMG’s ENR practice provides a wide array of audit, tax and advisory services to all key sectors including Mining and Oil & Gas.

Resource Taxation

Resource Taxation
We explore the resources taxation landscape, which has experienced significant change with the introduction of the MRRT and extension of the PRRT.

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