Contents
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Commencement
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Estimates Replies
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TAXATION, GST AND ROYALTY REVENUE
In reply to the Hon. I.F. EVANS (Davenport) (7 October 2010).
The Hon. K.O. FOLEY (Port Adelaide—Deputy Premier, Treasurer, Minister for Federal/State Relations, Minister for Defence Industries): The Honourable Member I. Evans asked for a year by year breakdown of the estimated $1.4 billion tax, GST and royalty revenue shortfall figure quoted in the 2010 11 Budget papers.
The $1.4 billion estimate relates to total revisions to revenue from taxation, GST and royalties over the period 2008-09 to 2012-13 between the 2008 09 Budget and 2010-11 Budget, and excludes the impact of taxation and royalty measures introduced in the 2010-11 Budget.
A year by year breakdown is provided in the table below:
| 2008-09$m | 2009-10$m | 2010-11$m | 2011-12$m | 2012-13(a)$m | Total$m | |
| 2008-09 Budget | ||||||
| Taxation | 3 615.5 | 3 699.2 | 3 839.3 | 4 026.0 | 4 207.0 | 19 387.1 |
| GST and transitional assistance | 4 169.7 | 4 453.2 | 4 630.2 | 4 893.4 | 5 126.0 | 23 272.5 |
| Royalties | 163.5 | 183.8 | 185.5 | 193.8 | 194.0 | 920.6 |
| Total at 2008-09 Budget | 7 948.7 | 8 336.2 | 8 655.0 | 9 113.2 | 9 527.0 | 43 580.2 |
| 2010-11 Budget | ||||||
| Taxation(b) | 3 536.7 | 3 640.5 | 3 887.1 | 4 184.9 | 4 410.1 | 19 659.4 |
| GST and transitional assistance | 3 820.4 | 4 060.4 | 4 458.1 | 4 580.7 | 4 817.4 | 21 737.0 |
| Royalties(b) | 152.4 | 125.0 | 160.9 | 186.8 | 203.4 | 828.5 |
| Total at 2010-11 Budget | 7 509.5 | 7 825.9 | 8 506.1 | 8 952.4 | 9 430.9 | 42 224.8 |
| Revision since 2008-09 Budget | -439.2 | -510.3 | -148.9 | -160.8 | -96.1 | -1 355.4 |
(a) 2012-13 estimates not published in 2008-09 Budget.
(b) Excludes taxation and royalty measures announced in the 2010-11 Budget of -$29.2 million in 2010-11, $13.5 million in 2011-12 and $40.9 million in 2012-13.