RESOURCES COMMUNITY
INVESTMENT INITIATIVE
1180. Hon Dr STEVE THOMAS to the minister representing the
Treasurer:
I refer to the front page article
in The West Australian today entitled ''Creating WA's
first forever boom'', which identifies an agreement for WA mining
companies including Rio Tinto, BHP, Hancock Prospecting, Woodside, Chevron and
Mineral Resources.
(1) Will donations to the
designated community investment fund be tax-deductible?
(2) Will donations to this account reduce the amount
of corporate tax the donors will pay to the commonwealth?
(3) Is this therefore a net tax
transfer from the commonwealth to the state government?
(4) Given the
current overheating of the construction industry, over what time period will
the funds be spent?
Hon
STEPHEN DAWSON replied:
I thank the Leader of the
Opposition for some notice of the question. The following answer is provided on
behalf of the Treasurer.
(1)–(3) Questions
regarding federal taxation arrangements should be directed to the commonwealth
government.
(4) The resources
community investment initiative is a long-term initiative to facilitate
investment in iconic state infrastructure projects and community and social
initiatives around WA.