When announcing the review on 30 November 2016, the Treasurer, the Hon Scott Morrison said, ‘We will ensure that the Petroleum Resource Rent Tax (PRRT) provides an equitable return to the Australian community from the recovery of petroleum resources without discouraging investment in exploration and development which is vital to that industry’. The review has...

The objective of this study is twofold. First, to investigate the extent to which debt loading is potentially being used to reduce tax revenues in Australia, and to compare it to savings from Centrelink’s Enhanced Welfare Payment Integrity measures. Second, to discuss the effectiveness of the Petroleum Resource Rent Tax, and to compare potential revenues...

ACOSS' submission to the Federal Budget process, outlining their priority recommendations for the 2017-18 Federal Budget. The Federal Budget is much more than an accounting exercise. It is ultimately about people and our communities, and the priorities and goals we set for our country. The choices made in the budget tell us what the government...

The Future Fund was established in May 2006 to strengthen the Commonwealth’s long‑term financial position by making provision for unfunded superannuation liabilities of Commonwealth employees that will become payable during a period when an ageing population is likely to place significant pressure on the Commonwealth’s finances. The Future Fund Act 2006 allows the Future Fund...

In a healthy community, no-one would get stuck facing long-term disadvantage. We are all challenged by life’s ‘ups’ and ‘downs’, but for some people the ‘downs’ are much deeper and longer lasting. Early, intergenerational and locational disadvantages constrain opportunities and limit social mobility. This isn’t just bad luck for the people involved; we are all...