To qualify for the MIT concessional tax treatment, affordable housing tenancy will need to be managed by a registered community housing provider (CHP). As part of this, CHPs will determine the tenant eligibility criteria, including the rent charged, consistent with state and territory affordable housing policies. This measure is estimated to have an unquantifiable revenue impact over the forward estimates period. Further information can be found in the joint press release of 14 September 2017 issued by the Treasurer and Assistant Minister to the Treasurer. Single Touch Payroll — deliver a tax incentive for small businesses to invest in Standard Business Reporting enabled software — reversal Revenue ($m) 2016-17 201718 201819 201920 202021 Australian Taxation Office - - 35.0 - - The Government will not proceed with a $100 nonrefundable tax offset for eligible businesses with expenditure on Standard Business Reporting enabled software. This measure is estimated to have a gain to revenue of $35.0 million over the forward estimates period. The offset was announced in the 201516 MYEFO as part of the Tax administration — Single Touch Payroll Reporting measure. Consultation with stakeholders identified that the most effective way to support the early adoption of Single Touch Payroll reporting by small business is through education and support services. Superannuation — closing salary sacrifice loopholes Revenue ($m) 2016-17 201718 201819 201920 202021 Australian Taxation Office - - * * * From 1 July 2018, the Government will close loopholes used by some employers to reduce the Superannuation Guarantee (SG) contributions owed to their employees. The measure will stop employers from using salary sacrifice contributions to satisfy their SG obligations and from reducing the earnings base on which SG obligations are calculated. This measure is estimated to have a small unquantifiable cost to revenue over the forward estimates period. Superannuation Guarantee Integrity Package — modernising payroll and superannuation fund reporting Revenue ($m) 2016-17 201718 201819 201920 202021
The Government will provide $1.0 million in 201819 for investigations into referrals from the Royal Commission into Trade Union Governance and Corruption. Provision for this funding has already been included in the forward estimates. This measure extends the 201617 measure titled Royal Commission into Trade Union Governance and Corruption — funding for investigations. Stronger Transitions — transition of retrenched workers into future jobs Expense ($m) 2016-17 201718 201819 201920 202021 Department of Employment - 0.3 3.8 4.8 1.4 The Government will provide $10.3 million over four years from 201718 to support workers in industries and regions significantly impacted by structural change to transition to future jobs. The measure is mainly targeted at regions experiencing more challenging labour market conditions such as Adelaide, Mandurah, north Queensland, north and northwest Tasmania and northwest Melbourne. The funding includes: $4.8 million over three years from 201819 to provide a range of early intervention services to assist workers to transition into new employment prior to retrenchment; $2.0 million over years from 201819 to provide eligible retrenched workers with immediate access to jobactive Stream B services; $2.3 million over three years from 201718 to create a new Employment Facilitator position for the northwest Melbourne region and extend the existing Employment Facilitators’ services in north Queensland, Adelaide and north and northwest Tasmania, until June 2020; and $1.2 million over three years from 201819 to provide relocation assistance to participants of the pre- and postretrenchment support arrangements in the regions outlined above, and those engaged in Australian Government structural adjustment programs in other regions. In addition, the Government will change eligibility for the New Enterprise Incentive Scheme from 1 July 2018 to allow retrenched workers interested in starting their own business to access the Scheme three months prior to their redundancy date.
Powering Forward — Delivering More Affordable, Reliable and Sustainable Energy Expense ($m) 2016-17 201718 201819 201920 202021 Department of the Environment and Energy - 2.1 0.1 - - Australian Competition and Consumer Commission - - 5.3 2.8 - Total — Expense - 2.1 5.4 2.8 - The Government will provide $22.8 million over four years from 201718 to improve the affordability, reliability and sustainability of energy, including funding: to the Australian Competition and Consumer Commission for the Australian Energy Regulator (AER) to optimise the Energy Made Easy website; to support the Energy Security Board to provide wholeofmarket oversight for energy reliability, affordability and sustainability; for analysis by the Australian Energy Market Commission, the Australian Energy Market Operator (AEMO) and the AER to strengthen energy reliability and help consumers secure better energy deals; for AEMO to conduct an audit of existing thermal power stations in the National Electricity Market and assess opportunities to unlock additional dispatchable generation capacity; and for a national campaign to inform Australians about the work being undertaken to deliver more affordable, reliable and sustainable energy. Funding of $2.5 million over four years from 201718 will be met from within the existing resources of the Department of the Environment and Energy. ENVIRONMENT
Total — Expense - -2.4 0.5 0.5 0.5 Related revenue ($m) Australian Criminal Intelligence Commission - - 0.3 0.5 0.5 Related capital ($m) Australian Criminal Intelligence Commission - - 2.2 - - The Government will provide $2.7 million over two from 201718 (including $2.2 million in capital funding) for the Australian Criminal Intelligence Commission to establish a national database of rejected applications for Working with Children Checks. This will allow State and Territory governments to share information regarding rejected applications. The States and Territories will be responsible for integration costs and ongoing maintenance costs. This measure is in response to the recommendations of the Royal Commission into Institutional Responses to Child Sexual Abuse. This measure will be offset by redirecting funding from the 201617 MYEFO measure titled Royal Commission into the Protection and Detention of Children in the Northern Territory.
The initiative will accelerate collaboration between the tertiary education sector and industry, particularly to medium enterprises, and build the skills required to capitalise on technological opportunities presented by Industry 4.0. The cost of this measure will be funded from the Department of Education and Training and the Department of Industry, Innovation and Science. National Business Simplification Initiative — modernising business registers Expense ($m) 2016-17 201718 201819 201920 202021 Australian Securities and Investments Commission - - - - - Australian Taxation Office - - - - - Department of Industry, Innovation and Science - - - - - Total — Expense - - - - - Related capital ($m) Department of Industry, Innovation and Science - .. - - - The Government will provide $2.4 million in 201718 to explore a preferred approach to modernise the Australian Securities and Investments Commission registers and the Australian Business Register. Provision for this funding has already been included in the forward estimates.