Key Revenue Measures

This year's budget introduced a range of measures designed to simplify and enhance the efficiency and administration of the Territory's tax regime including:

  • a further cut to the payroll tax rate;

  • an early cessation of the Temporary Budget Improvement Levy;

  • various stamp duty avoidance measures; and

  • changes to the mineral royalty treatment of exploration expenditure. 

  • Summary of Key Changes  

    Revenue Circulars have been issued to further explain the 2003-04 Budget Revenue Measures.