2010

Resource Super Profits Tax - Not So Super!

Source: Victoria

Published Date: 23 Jun 2010

 
The Federal Government has announced that it will introduce a Resource Super Profits Tax ("RSPT') to apply to resources projects from 1 July 2012. The RSPT is projected to raise $3B in revenue in its first year of operation and $9B in its second and will have a profound impact on Australian resource projects including projects currently subject to Petroleum Resource Rent Tax ('PRRT'). The Government has committed to consulting on the detailed design of this new tax with a view to releasing draft legislation by mid-2011 and will have a first round of consultation in May and June 2010.

This event was aimed at providing tax advisors, resources industry executives and investors with a broad understanding of the proposed RSPT, lessons learnt from PRRT, the commercial issues raised by transitioning brownfields projects to a new tax, and the financial and accounting implications of the proposed RSPT.

Commercial implications of the resources super profits tax

Author(s): Ted Hill

Resource super profits tax (RSPT)

Author(s): Grant Cathro

Accounting for the resource super profits tax

Author(s): Andrew Van Dinter ATI

Details

  • Published On:23 Jun 2010
  • Took place at:RACV Club, Melbourne

The material is copyright. Apart any fair dealing for the purpose of private study,

research critisism or review, as permitted under the copyright Act, no part may be rerpoduced by any process without written permission from The Tax Institute.

Unless expressly stated, opinions are not that of The Tax Institute, which accepts no responsibility for the accuracy of any of the information contained within it.

This material is copyright. Apart from any fair dealing for the purpose of private study., research, critisism or review, as permitted under teh copyright Act, no part may be reproduced by any process without written permission from The Tax Institute.

Unless expressly stated, opininons are not that of The Tax Institute, which accepts no responsibility for the accuracy of any of the information contained within it.

Tags

2010

Share this page