Flagpost is a blog on current issues of interest to members of the Australian Parliament
On 3 October 2018, the Commonwealth, state and territory treasurers unanimously agreed to remove the Goods and Services Tax (GST) from ‘feminine hygiene products’ from 1 January 2019. GST has been applied to these products since its introduction in 2000. In recent years there has been considerable pressure to remove it. Read more...
The Treasury Laws Amendment (Supporting Australian Farmers) Bill 2018 (the Bill) implements the Government’s announcement to allow primary producers to immediately deduct the cost of fodder storage assets. The measure is intended to assist farmers to future drought-proof their businesses by making it more affordable to invest in fodder storage. Read more...
The Australian Government has recently announced funding of $140 million over four years from 2019–20 to establish the Location Incentive Funding Program. A total of $35 million will be made available each year to ‘attract international investment to sustain Australian jobs in the film production and related industries’. This money will be administered through a competitive incentive program and will support, on average, two to three large budget international productions each year.
The new Location Incentive Funding Program will complement the Location Offset, one of three existing tax incentives for screen production introduced in the 2007–08 Budget by the Howard G... Read more...
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