Description
The purpose of the Tax Equivalent Regime and Policy (TPP21-05) is to ensure that NSW Government businesses that operate in competitive markets are subject to income tax equivalent payments, in accordance with the principle of competitive neutrality.
In accordance with National Competition Policy arrangements, larger State Government businesses are generally subject to the National Tax Equivalent Regime. The Tax Equivalent Regime and Policy applies to those NSW Government commercial businesses that are not subject to the National scheme but which are operating in a competitive market.
The Tax Equivalent Regime and Policy is a component of the NSW Government’s Commercial Policy Framework. The Framework is a suite of policies aiming to replicate in commercially focused Government businesses the disciplines and incentives that lead private sector businesses towards efficient commercial practices.
This 2021 edition of Tax Equivalent Regime and Policy withdraws and supersedes the previously issued edition (TPP03-4).
Detailed Outline
The purpose of the Tax Equivalent Regime and Policy (TPP21-05) is to ensure that NSW Government businesses that operate in competitive markets are subject to income tax equivalent payments, in accordance with the principle of competitive neutrality.
In accordance with National Competition Policy arrangements, larger State Government businesses are generally subject to the National Tax Equivalent Regime. The Tax Equivalent Regime and Policy applies to those NSW Government commercial businesses that are not subject to the National scheme but which are operating in a competitive market.
The Tax Equivalent Regime and Policy is a component of the NSW Government’s Commercial Policy Framework. The Framework is a suite of policies aiming to replicate in commercially focused Government businesses the disciplines and incentives that lead private sector businesses towards efficient commercial practices.
This 2021 edition of Tax Equivalent Regime and Policy withdraws and supersedes the previously issued edition (TPP03-4).
Overview
Who needs to know and/or comply with this?
- Departments
- Separate agencies
- State Owned Corporations
- Statutory Authorities/Bodies
- Subsidiaries of the NSW Government established under the Corporations Act
- Executive agencies related to Departments
Compliance
- Mandatory
AR Details
- Date Issued
- May 3, 2021
- Review Date
- May 3, 2026
- Replaces
- Replaced By
-
Contacts
- Contact
- Phone
- Publishing Entity
- The Treasury
- Issuing Entity
- The Treasury