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 attached exposure draft Bill and Regulations, and supporting explanatory materials cover proposed minor and technical amendments to the Treasury portfolio laws. The community’s views are sought…
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Open
The Government is seeking stakeholder views on exposure draft legislation which will implement two reforms to reduce red tape for, and increase transparency of, the charity sector. The reforms arise…
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Closed
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…