Northern Territory budget papers 2003 - 2004
2003/04 Budget paper
Northern Territory. Department of Treasury
Northern Territory budget papers; E-Journals; PublicationNT
2003-05-29
Made available via the Publications (Legal Deposit) Act 2004 (NT).; Please Note: This can't be read online. Please download to read the documents
Northern Territory Budget paper No. 01 2003-04 Speech and Appropriation Bill -- Northern Territory Budget paper No. 02 2003-04 Fiscal and Economic Outlook -- Northern Territory Budget paper No. 03 2003-04 The Budget -- Northern Territory Budget paper No. 04 2002-03 Capital Works Program -- Northern Territory Budget paper No. 05 2002-03 Budget Overview -- Budget paper No. 06 2002-03 NT Economy -- Northern Territory Budget paper No. 07 2002-03 Regional Highlights -- Northern Territory Budget paper No. 08 2002-03 Building Territory Business
English
Appropriations and expenditures; Periodicals; Budget; Finance, Public
Northern Territory Government
Darwin
2003/04
application/pdf
Attribution International 4.0 (CC BY 4.0)
Northern Territory Government
https://creativecommons.org/licenses/by/4.0/
https://hdl.handle.net/10070/591859 [LANT: E-Journals: Northern Territory Budget paper No. 01 2003-04 The Speech and Appropriation Bill]; https://hdl.handle.net/10070/591861 [LANT: E-Journals: Northern Territory Budget paper No. 02 2003-04 Fiscal and Economic Outlook]; https://hdl.handle.net/10070/591863 [LANT: E-Journals: Northern Territory Budget paper No. 03 2003-04 The Budget]; https://hdl.handle.net/10070/591865 [LANT: E-Journals: Northern Territory Budget paper No. 04 2003-04 Capital Works Program]; https://hdl.handle.net/10070/591867 [LANT: E-Journals: Northern Territory Budget paper No. 05 2003-04 Budget Overview]; https://hdl.handle.net/10070/591869 [LANT: E-Journals: Northern Territory Budget paper No. 06 2003-04 NT Economy]; https://hdl.handle.net/10070/591871 [LANT: E-Journals: Northern Territory Budget paper No. 07 2003-04 Regional Highlights]; https://hdl.handle.net/10070/591873 [LANT: E-Journals: Northern Territory Budget paper No. 08 2003-04 Building Territory Business]
https://hdl.handle.net/10070/244898
https://hdl.handle.net/10070/591861
https://hdl.handle.net/10070/591865; https://hdl.handle.net/10070/591867; https://hdl.handle.net/10070/591869; https://hdl.handle.net/10070/591871; https://hdl.handle.net/10070/591873; https://hdl.handle.net/10070/591859; https://hdl.handle.net/10070/591863
Territory Own-Source Revenue _______________________________________________________________________________________________ 103 CASINO TAX CONCESSIONS - COMMUNITY GAMING MACHINE ALLOWANCE The benchmark tax base is assumed to be all gaming machines operated by licensed clubs and hotels in the Northern Territory. The benchmark tax rate is assumed to be the rate of rebate that will apply in 2003-04, being 22 per cent. Both the Darwin MGM Casino and Alice Springs Lasseters Casino receive a partial rebate of the casino tax that they are required to pay, in consideration for relinquishing exclusivity over gaming machines. The amount of the rebate is 22 per cent of the monthly gaming machine metered win revenue of licensed community gaming machine operators. However, the rebate amount is capped for the Darwin MGM Casino, based on the revenue generated from 500 community gaming machines in the northern region of the Territory. The rebate ceases from 30 June 2003 for the Alice Springs Lasseters Casino and from 30 June 2005 for the Darwin MGM Casino. The cost of this concession is based on projected gaming machine revenue from licensed community gaming machine operators. CONCLUSION The Territory has substantially the same revenue-raising powers as the States. However, constitutional and other arrangements limit the revenue-raising base that is available to all of the States and Territories. Thus, while the Territory, like the States, has limited discretion on the range of taxes and charges that can be applied, it has discretion over the rates of these taxes and charges. National tax reform has given the States and Territories access to a more robust and growing revenue base but it has also further reduced the range of taxes directly available to the States and Territories. This has meant States and Territories are paying greater attention to the efficiency and comparability of their remaining taxes and has restricted tax competition to fewer taxes. The analysis of the Territorys overall revenue-raising capacity and effort, and the comparison of the rates of taxes and charges confirms that the Territorys per capita revenue-raising capacity, and the rates of taxes and charges applied in the Territory, are similar albeit slightly lower than other jurisdictions. This is consistent with the Territorys fiscal strategy that the Territorys taxes and charges will be at levels competitive with the average of the States.