To qualify for the MIT concessional tax treatment, affordable housing tenancy will need to be managed by a registered community housing provider (CHP). As part of this, CHPs will determine the tenant eligibility criteria, including the rent charged, consistent with state and territory affordable housing policies. This measure is estimated to have an unquantifiable revenue impact over the forward estimates period. Further information can be found in the joint press release of 14 September 2017 issued by the Treasurer and Assistant Minister to the Treasurer. Single Touch Payroll deliver a tax incentive for small businesses to invest in — Standard Business Reporting enabled software reversal — Revenue ($m) 2016-17 201718 201819 201920 202021 Australian Taxation Office - - 35.0 - - The Government will not proceed with a $100 nonrefundable tax offset for eligible businesses with expenditure on Standard Business Reporting enabled software. This measure is estimated to have a gain to revenue of $35.0 million over the forward estimates period. The offset was announced in the 201516 MYEFO as part of the Tax administration — Single Touch Payroll Reporting measure. Consultation with stakeholders identified that the most effective way to support the early adoption of Single Touch Payroll reporting by small business is through education and support services. Superannuation closing salary sacrifice loopholes — Revenue ($m) 2016-17 201718 201819 201920 202021 Australian Taxation Office - - * * * From 1 July 2018, the Government will close loopholes used by some employers to reduce the Superannuation Guarantee (SG) contributions owed to their employees. The measure will stop employers from using salary sacrifice contributions to satisfy their SG obligations and from reducing the earnings base on which SG obligations are calculated. This measure is estimated to have a small unquantifiable cost to revenue over the forward estimates period. Superannuation Guarantee Integrity Package modernising payroll and — superannuation fund reporting Revenue ($m) 2016-17 201718 201819 201920 202021
To qualify for the MIT concessional tax treatment, affordable housing tenancy will need to be managed by a registered community housing provider (CHP). As part of this, CHPs will determine the tenant eligibility criteria, including the rent charged, consistent with state and territory affordable housing policies. This measure is estimated to have an unquantifiable revenue impact over the forward estimates period. Further information can be found in the joint press release of 14 September 2017 issued by the Treasurer and Assistant Minister to the Treasurer. Single Touch Payroll — deliver a tax incentive for small businesses to invest in Standard Business Reporting enabled software — reversal Revenue ($m) 2016-17 201718 201819 201920 202021 Australian Taxation Office - - 35.0 - - The Government will not proceed with a $100 nonrefundable tax offset for eligible businesses with expenditure on Standard Business Reporting enabled software. This measure is estimated to have a gain to revenue of $35.0 million over the forward estimates period. The offset was announced in the 201516 MYEFO as part of the Tax administration — Single Touch Payroll Reporting measure. Consultation with stakeholders identified that the most effective way to support the early adoption of Single Touch Payroll reporting by small business is through education and support services. Superannuation — closing salary sacrifice loopholes Revenue ($m) 2016-17 201718 201819 201920 202021 Australian Taxation Office - - * * * From 1 July 2018, the Government will close loopholes used by some employers to reduce the Superannuation Guarantee (SG) contributions owed to their employees. The measure will stop employers from using salary sacrifice contributions to satisfy their SG obligations and from reducing the earnings base on which SG obligations are calculated. This measure is estimated to have a small unquantifiable cost to revenue over the forward estimates period. Superannuation Guarantee Integrity Package — modernising payroll and superannuation fund reporting Revenue ($m) 2016-17 201718 201819 201920 202021
09_Appendix_A.docx