ATNS Submission to the Policy Transition Group on the Minerals Resource Rent Tax Issues Paper
|Title:||ATNS Submission to the Policy Transition Group on the Minerals Resource Rent Tax Issues Paper|
|Reference Type:||Submissions to Government|
|Secondary Title:||Submission to Government|
|Publisher:||Agreements Treaties and Negotiated Settlements Project|
|Notes:||Our submission concerns the deductibility of expenditure on native title payments to mining companies under the MRRT.
In summary, we submit that payments under native title agreements should be deductible for miners in the MRRT. In view of the need for clarity about this deduction, we submit that a specific legislative deduction for payments under native title agreements is required in the MRRT law.
From a policy perspective, we submit that there are good reasons for the federal government to support native title agreement making as a central element of its economic development strategy for indigenous Australians, through providing clarity about the deduction of payments under native title agreements. Native title agreements provide a crucial basis for future economic independence. Native title payments contribute significantly to sharing the benefits of resource development and “closing the gap” as well as compensating for future replacement value of the non-renewable resources to the future generations of traditional owners. Crucially, it is the agreement-making process that should be supported as it enhances economic opportunity and engagement of indigenous communities. A clear rule ensuring deductibility of payments under native title agreements is necessary to ensure this support.
Download the full submission here.
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