Portfolio Additional Estimates Statements 2004-2005 l Axiss Australia | Critical Infrastructure Protection
Petroleum Resources Rent Tax | Backing Australia's Ability | Portfolio Budget Statements |
Budget 2004-05 (more info)
Major announcements in the Australian Government's 2004-05 Budget for the Industry, Tourism and Resources portfolio include:
Benefits for Small Business
To continue its commitment to small business, the Government has cut red tape, introducing improvements to the taxation regime, and other assistance measures.
Small Business Budget Facts 2004-2005 | Media Release Minister for Industry, Tourism and Resources | Joint Media Release Treasurer and Minister for Small Business
Axiss Australia
To continue the promotion of Australia as an international leader in financial services, Axiss Australia will receive $7.6 million to extend operations for a further two years.
Media Release
Critical Infrastructure Protection
To protect Australia's critical energy infrastructure from disruption, $4 million in funding has been allocated as part of a major critical infrastructure protection package.
Background information | Media Release
Petroleum Resources Rent Tax
To encourage petroleum exploration in Australia's remote offshore areas, a taxation incentive will allow an immediate uplift to 150 per cent on petroleum resource rent tax deductions for exploration expenditure incurred in designated offshore frontier areas.
Joint Media statement with the Treasurer
Backing Australia's Ability - Building Our Future through Science and Innovation
Backing Australia's Ability - Building Our Future through Science and Innovation initiatives were announced by the Prime Minister on 6 May 2004. It is a $5.3 billion science and innovation package to follow on from the $3 billion Backing Australia's Ability strategy announced in 2001. The Department of Industry, Tourism and Resources will be responsible for delivering a number of the specific initiatives of the new package.
Portfolio Budget Statements
Further information on the Australian Government's Budget 2004-05 can be found at:
