In response to these events, KPMG's National Energy & Natural Resources Tax Group has prepared this concise publication which outlines the critical issues many resources organisations need to address and support KPMG can provide in this area.
- The proposed reforms apply to existing and prospective projects from 1 July 2012
- Resource taxation is now firmly in the spotlight as a business issue which requires careful management right across an organisation.
- For organisations impacted by the proposed reforms, it should be a strategic priority to prepare a MRRT/PRRT response plan. The plan should outline key steps and responsibilities between now and the 1 July 2012 implementation date.