❓ Dr. Steve Thomas questions the Treasurer regarding the Resources Community Investment Initiative, specifically concerning tax deductibility, budget inclusion, and transfer details. The Treasurer's representative deflects tax questions to the Commonwealth and provides limited information on timing and storage.
AnsweredQoN 472Legislative Council
QuestionView source ↗
RESOURCES COMMUNITY INVESTMENT INITIATIVE
472. Hon Dr STEVE THOMAS to the minister representing the
Treasurer:
The minister could have just said
yes!
Hon Stephen Dawson : My job
is to provide the answer, honourable member.
Hon Dr STEVE THOMAS : Yes, he
does; it is not the minister's fault.
I refer to the resources community
investment initiative, which identifies an agreement for WA mining companies
including Rio Tinto, BHP, Hancock Prospecting, Woodside, Chevron and Mineral
Resources to hand over $750 million to the government for infrastructure.
(1) Will donations to this
designated community investment fund be tax deductible?
(2) Will donations to this account
come before or after corporate tax?
(3) Is this money included in the
budget; and, if so, where?
(4) When will the money be
transferred to the government and where will it be stored?
472. Hon Dr STEVE THOMAS to the minister representing the
Treasurer:
The minister could have just said
yes!
Hon Stephen Dawson : My job
is to provide the answer, honourable member.
Hon Dr STEVE THOMAS : Yes, he
does; it is not the minister's fault.
I refer to the resources community
investment initiative, which identifies an agreement for WA mining companies
including Rio Tinto, BHP, Hancock Prospecting, Woodside, Chevron and Mineral
Resources to hand over $750 million to the government for infrastructure.
(1) Will donations to this
designated community investment fund be tax deductible?
(2) Will donations to this account
come before or after corporate tax?
(3) Is this money included in the
budget; and, if so, where?
(4) When will the money be
transferred to the government and where will it be stored?
AnswerView source ↗
I thank the Leader of the
Opposition for his notice of the question. The premise of the question is
incorrect. The initiative will invest in iconic infrastructure projects and
community and social initiatives that will make WA an even better place to
live.
(1)–(2) Questions
regarding federal taxation arrangements should be directed to the commonwealth
government.
(3) The timing of contributions
will be agreed between the state and the contributing companies.
(4) Contributions will be credited
to a special purpose account established for individual projects.
Opposition for his notice of the question. The premise of the question is
incorrect. The initiative will invest in iconic infrastructure projects and
community and social initiatives that will make WA an even better place to
live.
(1)–(2) Questions
regarding federal taxation arrangements should be directed to the commonwealth
government.
(3) The timing of contributions
will be agreed between the state and the contributing companies.
(4) Contributions will be credited
to a special purpose account established for individual projects.
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