Treasury provides advice to the Government on effective government spending and taxation arrangements. This includes advice on budget policy issues, trends in Commonwealth revenue and major fiscal and financial aggregates, major expenditure programs, taxation policy, retirement income, Commonwealth-State financial policy and actuarial services. Treasury also leads the production of the Commonwealth Budget each year.
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The Government announced in the 2018-19 Budget that it was extending the definition of a Significant Global Entity (SGE) to include members of large business groups headed by proprietary companies,…