Coronavirus (COVID-19) updates from the Australian Government

Taxation

It is the role of the Treasury to provide advice on effective tax and retirement income arrangements that contribute to the overall fiscal outcome, influence strong sustainable economic growth for the good of the Australian people. The Treasury is responsible for assessing and advising on the general design of the tax system and its components, and retirement income policy, in relation to economic efficiency, equity, income distribution, budgetary requirements and economic feasibility.

Consultations

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Open
The Government has announced it will introduce a temporary levy on offshore petroleum production. The levy will recover the Commonwealth’s costs of decommissioning the Laminaria-Corallina oil fields…
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Open
To support the expansion of Australia’s tax treaties network, submissions from stakeholders are sought from 16 September 2021 to 31 October 2021. The Government is expanding…
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Closed
Recommendation 7.1 of the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry (Royal Commission) recommended that the three principal recommendations…
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