The request sought budget analysis on the revenue forgone in relation to the cost of negative gearing and the capital gains tax (CGT) discount. There are 2 components to this request: 

The request seeks budget analysis on the revenue forgone in relation to the cost of negative gearing (NG) and the capital gains tax (CGT) discount. There are 2 components to this request:

The proposal has 5 options, which make changes to the capital gains tax (CGT) discount and negative gearing arrangements (which allow losses relating to an investment property to be deducted from non-investment income) for all individuals, trusts, partnerships and superannuation funds, as per the below table. All options would take effect from 1 July 2024.

The request sought estimated financial implications and distributional analysis of the Government’s revised Stage 3 tax cut changes announced on 25 January 2024, relative to 2023-24 tax settings. The revised Stage 3 tax cuts take effect from 1 July 2024.

The request sought estimated financial implications and distributional analysis of Stage 3 of the personal income tax plan as set out in the 2018-19 Budget measure Personal income tax plan and the 2019-20 Budget measure Lower taxes for hard-working Australians: Building on the Personal Income Tax Plan over the medium term. The Stage 3 tax cuts take effect from 1 July 2024 and involve:

The request sought the underlying cash balance from 2022-23 and the 2023-24 Budget forward estimates period, with the share of the Stage 3 tax cuts shown, presented as both a table and a chart.

The request sought estimated financial implications and distributional analysis of Stage 3 of the personal income tax plan as set out in the 2018-19 Budget measure Personal income tax plan and the 2019-20 Budget measure Lower taxes for hard-working Australians: Building on the Personal Income Tax Plan over the medium-term. The Stage 3 tax cuts take effect from 1 July 2024 and involve:

The request sought information on the amount of forgone tariff revenue for the Korea, Japan and China free trade agreements (FTA) broken down by industry classification over the 2015–16 Budget forward estimates period.

Under this proposal the Commonwealth Government would provide concessional loans to state and territory governments (excluding the ACT) to enable them to replace their existing stamp duty on sales of residential and non-residential property with a broad based land tax.

From 1 July 2017, property acquisitions would not be liable for stamp duty, but would instead commence paying an annual land tax.

The proposal would make electricity supplied Goods and Services Tax (GST) free unless it is supplied in a battery.

Equipment for self-generation of electricity, like generators and solar panels, would remain subject to GST.

States and territories would not be compensated for the reduction in GST revenue collections.

The start date of this proposal is 1 January 2018.