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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Closed
On 5 October 2020, the Government announced that it will provide a targeted capital gains tax (CGT) exemption for granny flat arrangements where there is a formal written agreement in place. Under…
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Closed
On 2 October 2020, the Government announced that it will introduce an exemption from fringe benefits tax (FBT) for employer-provided retraining and reskilling benefits for redundant, or soon to be…