Resource Super Profits Tax - Not So Super!
Published on 23 Jun 2010
| Took place at RACV Club, Melbourne, VIC
The Federal Government has announced that it will introduce a Resource Super Profits Tax (‘RSPT’) to apply to resources projects from 1 July 2012. The RSPT is projected to raise $3B in revenue in its first year of operation and $9B in its second and will have a profound impact on Australian resource projects including projects currently
subject to Petroleum Resource Rent Tax ('PRRT'). The Government has committed to consulting on the detailed
design of this new tax with a view to releasing draft legislation by mid-2011 and will have a first round of
consultation in May and June 2010.
This event was aimed at providing tax advisors, resources industry executives and investors with a broad
understanding of the proposed RSPT, lessons learnt from PRRT, the commercial issues raised by transitioning brownfields projects to a new tax, and the financial and accounting implications of the proposed RSPT.
Get a 20% discount when you buy all the items from this event.