Subsidies

The actuals are lower than budget primarily due to lower than expected research and development (R&D) tax incentive, partially offset by higher than expected fuel tax credits (FTC) claims:

• R&D claims are lower than expected due to a decline in lodgments and aggregate claims.
• FTC claims are higher primarily due to increased eligible diesel usage in mining and transport industries.

Personal benefits

The actuals are lower than budget primarily due to lower than expected low income super tax offset. This was due to a lower number of eligible recipients than expected at budget.

Impairment on receivables

The actuals are lower than budget mainly due to lower than expected individuals, companies and goods and services tax write-offs. This is consistent with an overall increase of collectable debt in 2018-19.

Penalty and interest charge remission expenses

The actuals are lower than budget primarily due to lower penalty and interest remissions, consistent with less penalties and interest being imposed on taxpayers.

Interest on overpayments

The actuals are lower than budget primarily due to continued improved work practices and increased automation. This has reduced review time and consequently the magnitude of interest on overpayment entitlements.

Superannuation guarantee charge

The actuals are lower than budget primarily reflecting delays in the passage of the superannuation guarantee amnesty legislation as well as a higher than expected provisioning for bad and doubtful debt.

Unclaimed superannuation monies interest

The actuals are higher than budget primarily reflecting the recognition of the interest that will be paid on existing unclaimed superannuation monies that is able to be proactively reunited as part of the Protecting Your Super Package.

Income tax

The actuals are higher than budget primarily due to higher taxes from individuals and companies:

• Higher individuals revenue was driven by income tax withholding and net other individuals revenue which was partly due to lower than expected work related expense deductions. In addition, the budget was based on estimated revenue for 2017-18 which was lower than the actual outcome.
• Company revenue is higher, consistent with stronger than expected key commodity prices.

Indirect tax

The actuals are lower than budget primarily due to lower accrued revenue for goods and services tax (GST). This is consistent with lower than expected GST revenue reflecting weaker than expected growth in consumption and dwelling investment.

Other taxes

The actuals are lower than budget partially due to lower than expected superannuation guarantee (SG) charge revenue reflecting delays in the passage of the SG amnesty legislation.

Non-taxation

The actuals are lower than budget reflecting weakness in the statements for unclaimed superannuation monies (USM) as well as the recognition of the ATO-held USM that is able to be proactively reunited as part of the Protecting Your Super package.