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  • Applying GST to low value goods imported by consumers

    The Government has released exposure draft legislation and associated explanatory material that would amend the goods and services tax (GST) law to give effect to the 2016-17 Budget decision to apply GST to low value goods imported by consumers. From 1 July 2017, the law will require overseas... More
    Closed 1 year ago
  • Improvements to the Debt and Equity Tax Rules

    On 2 April 2015 the Government announced that it would implement recommendations made by the Board of Taxation to improve the debt and equity tax rules. The debt and equity tax rules classify financing schemes as debt or equity according to their economic substance and contain integrity rules... More
    Closed 2 years ago
  • Treasury.gov.au redevelopment

    Closed 2 years ago
  • Competition Law Amendments: Exposure Draft Consultation

    Please note that consultation has been extended for all schedules in the Exposure Draft bill except Schedule 7 (Misuse of market power) . Comments related to the drafting of Schedule 7 must be received by 5pm, 30 September 2016. Stakeholders are welcome to provide feedback on schedules 1 to 6... More
    Closed 2 years ago
  • Superannuation reform package - tranche three

    The Government has released for public consultation the third round of exposure draft legislation and explanatory material to lower the annual non-concessional contributions cap to $100,000 and restrict eligibility to make non-concessional contributions to individuals with superannuation balances... More
    Closed 2 years ago
  • Superannuation reform package - tranche two

    The Government has released for public consultation the second round of exposure draft legislation and explanatory material to implement the following superannuation measures announced in the 2016-17 Budget: Introduce a $1.6 million transfer balance cap and transitional arrangements for... More
    Closed 2 years ago
  • Review of the financial system external dispute resolution framework

    On 20 April 2016, the Australian Government announced a review of the financial system’s external dispute resolution and complaints framework. An expert panel comprised of Professor Ian Ramsay, Ms Julie Abramson and Mr Alan Kirkland is undertaking the review. The review is being conducted... More
    Closed 2 years ago
  • Superannuation reform package

    As announced on 15 September 2016 , the Government has decided not to proceed with the harmonisation of contribution rules for those aged 65 to 74. The Government has released for public consultation the exposure draft legislation: Superannuation (Objective) Bill 2016; Treasury Laws Amendment... More
    Closed 2 years ago
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