Message from the Chief Financial Officer
I am pleased to present Origin’s 2020 Tax Contribution Report, detailing the taxes we paid in the 2020 and 2019 financial years.
Our disclosure in this report aligns with the recommendations of the Board of Taxation’s voluntary Tax Transparency Code, which aims to increase transparency around how much tax businesses pay and why.
This report details how the Origin Group meets its taxation obligations. Origin is open about our tax arrangements and how we comply with all applicable tax laws and regulations.
In the 2020 financial year, we paid $275 million to federal and state governments in income tax, payroll tax, excise and fringe benefit tax. This has increased by $107 million from the previous year, primarily due to an increase in income tax paid associated with higher taxable income in respect of the 2019 financial year.
Origin creates significant economic value through the performance of our Integrated Gas and Energy Markets divisions. In addition to paying taxes, our business contributes to Australia’s economic growth through employment, procurement of goods and services and community and infrastructure investments.
Our purpose of getting energy right for our customers, communities and planet is at the centre of everything we do, committing us to making a positive contribution to the communities in which we operate and the broader Australian economy. I am proud to share our fifth voluntary report.
Chief Financial Officer