Today the Australian Government announced a Resource Super Profits Tax to apply from 1 July 2012.
The Government has announced the overall policy design in The Resource Super Profits Tax a fair return to the nation. Extensive and ongoing consultation with industry will be undertaken to identify the design details that would best deliver the Government's policy intent.
In recognition of the importance of the resources sector and the significance of the proposed change the Government is establishing a Resource Tax Consultation Panel. The Panel will undertake targeted consultation with industry and other stakeholders.
The objectives of the Panel's discussions will be twofold
The Panel members are:
The Panel will commence immediately, holding meetings with key industry representatives over the coming weeks to discuss transitional arrangements and key design parameters, as well as identifying significant industry issues.
In addition to the initial consultation outlined above, the Panel will continue its role engaging and consulting with industry throughout the consultation process.
Industry stakeholders looking to approach the Panel should email the Panel secretariat at firstname.lastname@example.org.
2 May 2010