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.
Consultations
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The attached exposure draft Bills and supporting explanatory materials are part of a Housing Legislative package, including 2 new Bills to establish the Housing Australia Future Fund and the National…
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This paper, prepared in conjunction with the Australian Prudential Regulation Authority (APRA), seeks submissions on the proposed financial institutions supervisory levies for the 2022‑23 financial…
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In May 2021, the Government announced it will allow taxpayers to self-assess the tax effective lives of certain depreciating intangible assets, such as patents, copyrights and in-house software…