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Tax equivalent regime

If you run a government-owned enterprise you must comply with the requirements of the Commercial Policy Framework and

register for the TER
pay quarterly income tax equivalents due on 28 October, 28 January, 28 April and 28 July
use the Accounting Profit Model to determine the tax you must pay
email us to submit quarterly instalment reports and submit your annual return on 1 December each year to.

To register for the TER, download and complete the registration form and email it.

Refunds and assessments

To request a refund, email us with supporting documents.

If additional payments are due, we will send you an assessment notice.

To lodge an objection about your assessment, read objections and reviews.

Our responsibility

We are responsible for monitoring the application of the Accounting Profit Model for government businesses.

The relationship between the Chief Commissioner of State Revenue and government businesses under the TER is based on the same rights and responsibilities that exist between taxpayers and the Federal Commissioner of Taxation.

Apart from the adjustments allowed for unfunded superannuation, further adjustment to accounting profits will only be made in exceptional circumstances and will be treated on a case by case basis. The presumption is that normal accounting practices apply.

Technical issues

To get clarification on the interpretation of the legislation for a specific situation, you can also request for a private ruling in some situations.