Page 1485 - Week 05 - Thursday, 13 May 1993

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APPENDIX 1: (Incorporated in Hansard on 12 May 1993 at page 1357)

CHIEF MINISTER FOR THE AUSTRALIAN CAPITAL TERRITORY

LEGISLATIVE ASSEMBLY QUESTION

QUESTION WITHOUT NOTICE TAKEN ON NOTICE

16 FEBRUARY 1993

MS FOLLETT: On 16 February 1993 Mr Kaine asked me a question regarding the effect of introducing a Goods and Services Tax on the ACT and I undertook to provide him with an answer. I present the answer and seek leave to have the response incorporated into Hansard.

MY ANSWER IS:

In light of the discussion during Question Time and the reference to the ACT at the

conclusion of the question, the following answer assumes that the Leader of the

Opposition is referring to the effect of the Coalition tax measures on the ACT

economy and not specifically on the ACT budget.

In relation to the taxes in question, the ACT paid the following in 1991-92:

Payroll tax* $ 86.6m

Wholesale Sales tax** $47.Om

Petroleum excise duty*** $132.Om

Training guarantee levy**** $3.2m

TOTAL: $268.8m

Sources:

* ACT Budget Papers, 1992-93

** "Taxation Statistics, 1991-92" published by the Australian Taxation Office. This figure refers to the amount collected in the ACT.

*** ACT Treasury. This figure is calculated, based on the ACT share of total national consumption of petrol products of 1.86%. Total national petroleum excise revenue was $7 110m in 1991-92.

**** Australian Taxation Office, for the year 1990-91. The data was for the ACT private sector only. 1991-92 data is not yet available.

The abolition of the above taxes would have resulted in a reduction of about $269m

in the taxes collected in the ACT.

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