REVENUE – WESTERN AUSTRALIA

Mining royalties queried

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Original article by Phillip Coorey
The Australian Financial Review – Page: 4 : 28-May-15

Senate economics committee chairman Sam Dastyari has questioned whether the BHP Billiton and Rio Tinto offshore marketing hubs are affecting the Western Australian Government’s revenue from iron ore royalties. He says Premier Colin Barnett should look into the issue, especially given that the Australian Taxation Office is also undertaking an investigation into the practice of using trading hubs in Singapore.

CORPORATES
BHP BILLITON LIMITED – ASX BHP, RIO TINTO LIMITED – ASX RIO, AUSTRALIAN LABOR PARTY, AUSTRALIA. SENATE STANDING COMMITTEE ON ECONOMICS, WESTERN AUSTRALIA. DEPT OF THE PREMIER AND CABINET, AUSTRALIAN TAXATION OFFICE, WESTERN AUSTRALIA. DEPT OF TREASURY AND FINANCE

WA braces for housing slump

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Original article by Jonathan Barrett
The Australian Financial Review – Page: 3 : 12-May-15

The Western Australian Government’s revenue from property-related taxes is forecast to be between $A2.6bn and $A2.9bn annually over the next four years. However, slowing sales of residential properties may adversely affect state revenue, and Hegney Property Group’s Gavin Hegney expects house prices to fall by 1-2 per cent in 2015. Demand for housing is expected to fall as population growth slows.

CORPORATES
HEGNEY PROPERTY GROUP, BANK OF WESTERN AUSTRALIA LIMITED, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, LIBERAL PARTY OF WESTERN AUSTRALIA

Nahan’s hit list of key projects

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Original article by Shane Wright
The West Australian – Page: 1 : 7-Oct-14

The Western Australian (WA) Government has indicated that the funding of infrastructure projects will be affected by the decline in the iron ore price, which has fallen below $US80 per tonne. Treasurer Mike Nahan says the downturn has reduced the state’s revenue by at least $A1.5bn. Nahan has also called for changes to the allocation of goods and services tax revenue among the states to ensure a fairer deal for WA

CORPORATES
WESTERN AUSTRALIA. DEPT OF TREASURY AND FINANCE, AUSTRALIA. DEPT OF THE TREASURY, PALMER UNITED PARTY