IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 01 Jul 2015 | Removal date: open ended
Still in force

Tax or social insurance relief

 On 1 July 2015, Australia introduced the Exploration Development Incentive (henceforth: EDI), a tax-break programme worth 100 million AUD (ca. 70 million USD) supporting early-stage exploration projects. Before the programme was introduced, explorers were able to make tax-break claims only after sufficient revenue was generated.
The EDI will be in place for three years.
The GTA includes state guarantees and other financial incentives that are likely to affect the restructuring and performance of firms facing international competition, whether from imports, in export markets, and from foreign subsidiaries.
 

AFFECTED COUNTRIES

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