Replace biosecurity protection levy with import container levy

Summary of proposal

The proposal would establish a new Sustainable Biosecurity Funding Model that includes an import container levy.

The proposal would be ongoing and start on 1 July 2025

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Replace biosecurity protection levy with import container levy

Summary of proposal

The proposal would establish a new Sustainable Biosecurity Funding Model that includes an import container levy.

The proposal would be ongoing and start on 1 July 2025

Read more

Replace biosecurity protection levy with import container levy

Summary of proposal

The proposal would establish a new Sustainable Biosecurity Funding Model that includes an import container levy.

The proposal would be ongoing and start on 1 July 2025

Read more

Regulation and taxation of vaping products

Summary of proposal

The proposal would legalise e-cigarettes in a regulated environment similar to that for tobacco cigarettes.

E-liquid would be subject to an excise rate of $1.00 per millilitre (mL).

The proposal would be ongoing and start on 1 July 2025.

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Regulation and taxation of vaping products

Summary of proposal

The proposal would legalise e-cigarettes in a regulated environment similar to that for tobacco cigarettes.

E-liquid would be subject to an excise rate of $1.00 per millilitre (mL).

The proposal would be ongoing and start on 1 July 2025.

Read more

Regulation and taxation of vaping products

Summary of proposal

The proposal would legalise e-cigarettes in a regulated environment similar to that for tobacco cigarettes.

E-liquid would be subject to an excise rate of $1.00 per millilitre (mL).

The proposal would be ongoing and start on 1 July 2025.

Read more

Creating a small business and primary producer energy incentive

Summary of proposal

The proposal would reintroduce the Small Business Energy Incentive (SBEI) and extend the duration of SBEI for 3 years. The proposal would also increase the bonus tax deduction up to $30,000 for eligible technology and assets that make their businesses more energy efficient.

The proposal is eligible for small and medium businesses (including all primary producers) with turnover up to $50 million.

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Creating a small business and primary producer energy incentive

Summary of proposal

The proposal would reintroduce the Small Business Energy Incentive (SBEI) and extend the duration of SBEI for 3 years. The proposal would also increase the bonus tax deduction up to $30,000 for eligible technology and assets that make their businesses more energy efficient.

The proposal is eligible for small and medium businesses (including all primary producers) with turnover up to $50 million.

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Tax billionaires and future billionaires and make them pay their fair share

Summary of proposal

The proposal would introduce an annual tax levied on high wealth individuals where their wealth exceeded $100 million with the following rates:

  • 5% of the individual’s net wealth between $100 million - $1 billion; and
  • 10% of the individual’s net wealth above $1 billion.

There would be a 10% limit of capital flight per year.

The proposal would be ongoing and start on 1 July 2025.

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Tax billionaires and future billionaires and make them pay their fair share

Summary of proposal

The proposal would introduce an annual tax levied on high wealth individuals where their wealth exceeded $100 million with the following rates:

  • 5% of the individual’s net wealth between $100 million - $1 billion; and
  • 10% of the individual’s net wealth above $1 billion.

There would be a 10% limit of capital flight per year.

The proposal would be ongoing and start on 1 July 2025.

Read more