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Note 30: Competitive Neutrality and Cost Recovery

Competitive neautrality and cost recovery
  2013
$’000
2012
$’000
Note 30A. Competitive Neutrality - Expenses and Dividend Declared    
State tax equivalent expense 111 75
Commonwealth tax equivalent1 93 63
Total expenses and dividend declared 204 138

DVA does not have any arrangements subject to Cost Recovery Policy.

1The Defence Home Ownership Assistance Scheme is subject to the Australian Government’s Competitive Neutrality Policy. The amount of Commonwealth tax equivalent payable on the taxable profit for the period was $93,000 (2012: $63,000).

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