This report informs Parliament about the Annual Financial Report of the State of Victoria, 2012–13 (AFR), the consolidated financial report of the state, and acquits the government’s stewardship of the state’s finances to Parliament. A clear audit opinion was issued on the AFR on 27 September 2013, providing reasonable assurance that the information in the...

There is reason to hope that long-term fiscal planning can still be effective in New Zealand. Introduction Many countries now require the regular publication of longterm fiscal projections, looking at the potential long-term costs of government spending programmes. In New Zealand, section 26N of the Public Finance Act 1989 (as amended in 2004) requires the...

This quick guide provides links to source material on the Minerals Resource Rent Tax (MRRT) and the preceding proposal, the Resource Super Profits Tax (RSPT). This material includes the Henry Review, the RSPT and MRRT and associated expense measures, as well as Parliamentary inquiries, additional publications by the Parliamentary Library and the GST Distribution Review...

This audit assessed the effectiveness of the administration of the Australian Prudential Regulation Authority (ARPA)'s financial industry levies. Overall conclusion APRA was established in 1998 as part of a package of measures to strengthen consumer protection functions in the financial system. To meet APRA’s resourcing needs, the Government decided to ‘establish an administratively simple and...

The personal services income (PSI) regime is one of many taxation measures administered by the Australian Taxation Office (ATO), Australia’s principal revenue collection agency with responsibility for administering Australia’s taxation and superannuation systems. In 2011––12, the ATO collected $301 billion in net revenue from taxpayers, working within a departmental operating budget of $3.4 billion and...