Page 2768 - Week 09 - Thursday, 25 August 1994

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APPENDIX 2:

(Incorporated in Hansard on 24 August 1994 at page 2605)

TREASURER FOR THE AUSTRALIAN CAPITAL TERRITORY

LEGISLATIVE ASSEMBLY QUESTION

WITHOUT NOTICE TAKEN ON NOTICE

23 AUGUST 1994

MS FOLLETT: On 23 August Mr Stefaniak asked me a question about the higher than estimated revenue from Tobacco Franchise Fees in 1993-94.

MY ANSWER IS:

Tobacco Franchise Fees were expected to raise $25.5m in 1993-94.

Actual receipts amounted to $30.9m - $5.4m above the estimate.

The additional revenue is attributed to a larger payment from NSW than was expected at Budget time in respect of ACT fees incorrectly paid to NSW, and further success in compliance activity by Revenue Inspectors which identified significant underpayments from wholesalers.

In addition to the lump sum payments received, the compliance activity created an increased tax base and consequently, additional revenues on a permanent basis (estimated at $2.25m in 1994-95).

1 wish to thank Mr Stefaniak for his question.

2768

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