We will regularly publish articles on the Minerals Resource Rent Tax and related matters. These publications and papers contain commentary and analysis to help organisations keep up-to-date with, and have a better understanding of, the issues around proposed tax reform.
27 April 2011Publication: Focus: The MRRT – the story so farAs the Federal Government has accepted all the Policy Transition Group's recommendations relating to the Minerals Resource Rent Tax, the proposed legislation's design principles are now clear, and an exposure draft should be available for comment in mid 2011. Partners Grant Cathro and Katrina Parkyn report |
4 March 2011Publication: Paper: Resources and Environmental Tax ChangesThere has been a great deal of focus over the last 12 months on the taxation of resource projects. While the Henry Review made some limited recommendations in relation to environmental tax changes, nothing has yet happened to them and we will no doubt need to wait for the tax summit in the middle of the year to see if they develop further. More recently, the Government has started to canvass the possibility of a carbon tax, as a means of accommodating a delayed permit based carbon regime. Given the emphasis over the last 12 months on changes to resource taxation and in particular the announced minerals resource rent tax and extended petroleum resource rent tax, this paper will focus predominately on those issues. Partner, Grant Cathro discusses |
14 July 2010Media Release: Recent Government policy changes expected to boost Chinese interest in Australian resourcesThe Federal Government's recent changes to foreign investment policy and the resources taxation reforms are expected to be well received by potential Chinese investors in the Australian resources industry |
9 July 2010Publication: Focus: New mineral tax responds to industry concernsThe Federal Government has announced that it proposes to replace the previously announced Resource Super Profits Tax with a new Minerals Resource Rent Tax that will apply to iron ore and coal projects, and to extend the scope of the existing Petroleum Resource Rent Tax to cover onshore oil and gas projects. Partner Katrina Parkyn and Senior Associate Rory O'Brien report on how the new Minerals Resource Rent Tax responds to industry's key concerns about the previous Resource Super Profits Tax, and what the extension of the Petroleum Resource Rent Tax is likely to mean for onshore oil and gas projects in Australia |
5 July 2010Boardroom Radio: New regime for resources taxAfter weeks of debate and negotiation, the Federal Government has made significant changes to its proposed Resources Super Profits Tax. Partner Katrina Parkyn talks to Boardroom Radio about the changes to the tax, now known as the Minerals Resource Rent Tax |
15 June 2010Boardroom Radio: Petroleum tax lessons for RSPTWhile debate continues over the merits of a Resource Super Profits Tax, a similar tax placed on petroleum projects has been in place in Australia for more than two decades. Partner Grant Cathro talks to Boardroom Radio about the lessons that can be learned from the construction and implementation of the Petroleum Resource Rent Tax |
6 May 2010Publication: Client Update: Resource exploration rebateAs part of its response to the Henry tax review, the Federal Government has announced that it intends to introduce a refundable tax offset for eligible exploration expenditure. Senior Associate Katrina Parkyn looks at how the offset will work and who will benefit |
4 May 2010
Boardroom Radio: Super Profits? – RSPT implications for minersPartner Grant Cathro discusses the implications of a Resources Super Profits Tax which the Government has proposed as a response to the Henry Review |
3 May 2010
Publication: Focus: The resource super profits taxThe Federal Government has announced that it intends to introduce a resource super profits tax as the centrepiece of the tax reforms announced as part of the Henry Review. Although the new tax bears some similarity to the existing Petroleum Resource Rent Tax which applies to many off-shore petroleum projects, it differs in a number of very significant respects. Partner Grant Cathro and Senior Associate Rory O'Brien report |
22 April 2010Publication: Focus: Implementing a resource rent taxThe Henry Tax Review is widely expected to recommend that the Commonwealth Government introduce a resource rent tax for all mining and petroleum operations within Australia. Partner Grant Cathro and Lawyer Ada Lam explain how a resource rent tax would operate, and consider some of the issues that are likely to arise from its implementation |
