[Linux-aus] Australian Federal Budget - software depreciation
senectus at gmail.com
Wed May 14 04:55:15 EST 2008
On Wed, May 14, 2008 at 11:25 AM, <ajdlinux at gmail.com> wrote:
> On 5/14/08, Marco Ostini <m.ostini at uq.edu.au> wrote:
> > Greetings all,
> > So Last night the Australian Federal Budget was released, the first from a
> > new Federal Government in a while.
> > The First Budget of a new government is usually where they attempt to make
> > their mark and be bold. It was one of our best chances to get FOSS
> > integrated into Australian governance, but so far I can see no real
> > evidence of that, despite the submission LA made.
> > After reflection that's not too surprising, as there has been minimal one
> > on one contact with the Federal Treasurer. This measure is normally highly
> > desirable in concert with submissions, to communicate a specific message
> > through to the decision making process.
> > After reading the Australian Budget documents last night I came across this
> > interesting detail.
> > Within 'Revenue Measures' Under the title of 'Capital gains tax' there's
> > the option of 'Depreciation of computer software'. Worth a substantial
> > quantity of money, It's specifically forecasted as:
> > $m 2008-09 15.0
> > $m 2009-10 300.0
> > $m 2010-11 681.0
> > $m 2011-12 318.0
> > That's 1.3 Billion forecasted in the next 4 years.
> > You'll find the document here:
> > http://www.aph.gov.au/budget/2008-09/content/bp2/html/revenue-01.htm
> > If I'm reading this correctly, the Government expects to make about 1.3
> > Billion on 'Depreciation of computer software'.(???) Could anyone who
> > understands this better than I explain it to the list?
> > As for influencing the Federal Government to use and include FOSS, we need
> > to persistently continue in this endeavour.
> Summary: the tax laws are being changed so the depreciation period for
> capital expenditure on in-house computer software is now 4 years
> rather than 2.5.
> In-house software is defined as "computer software or the right to use
> computer software that is acquired, developed or developed by someone
> else and that is mainly used by the taxpayer in performing the
> functions for which the software was developed."
More info from the media:
and not quite off topic but more pertinent to FOSS I think:
Ubuntu Hardy 8.04
The less you know, the more you believe. - Bono
The more you know the less you need to say. - Jim Rohn
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