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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In the 2024–25 Budget, the Australian Government announced a Hydrogen Production Tax Incentive to support the production of renewable hydrogen from 2027–28 to 2039–40. This forms part of the…
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In the 2024–25 Budget, the Australian Government announced a Critical Minerals Production Tax Incentive to support downstream refining and processing of Australia’s 31 critical minerals from 2027–28…
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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 2024–25 financial…