The annual report details Treasury's achievements, performance and financial position for the 2010–11 financial year. It also provides information on Treasury's future direction, people management and corporate government processes.
A snapshot of Treasury's achievements during 2010–11 includes:
- developing the 2011–12 State Budget, including an estimate of $6.8 billion for the cost of the natural disasters, a $15 billion capital works program, the Queensland building boost grant and major changes to transfer duty
- raising $8.8 billion in revenue which contributed to the provision of essential services
- supporting flood-affected tax clients with a range of flexible payment and instalment options
- continuing taxation adminstration reform through:
- an extended payment period for land tax
- a land tax exemption for supported accommodation facilities
- the 50% land value cap
- the payroll tax rebate for apprentices and trainees
- a transfer duty exemption for special disability trusts.
Our annual report also includes information on how we managed our environmental responsibilities—including our carbon emissions—throughout the year.