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Note 5: Income Tax Expense (Competitive Neutrality)

Income tax expense
   2013 2012
Note 5A. Income Tax Expense $'000 $'000
Competitive neutrality - Commonwealth tax equivalent expense 93 63
Total income tax expense 93 63

The Defence Home Ownership Assistance Scheme is subject to the Australian Government’s Competitive Neutrality Policy. The above amounts have been calculated as being payable to the Australian Government in the form of company income tax under the Income Tax Assessment Acts had they applied. These amounts have been paid or are payable by the Agency to the Official Public Account.

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