Forward Work Program - Consultation of Tax Measures

Forward Work Program

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The Government's forward work program sets out the timetable for current and proposed consultation on tax and superannuation measures.

Note that the Government's legislation program is released on the Department of the Prime Minister and Cabinet's website — tax measures are listed under the Treasury portfolio.

This document is not to be confused with the Annual Regulatory Plan which is also available for download. The Annual Regulatory Plan has a regulatory and planning function whereas the Forward Work Program is produced in an effort to encourage an ongoing conversation with stakeholders and the public. As a result, the Forward Work Program is more fluid.

The next edition of the Forward Work Program - Consultation on Tax Measures will be available in February 2013.

Forward Work Program - Consultation on Tax (Including Superannuation) Measures - December 2012
Currently Open for Consultation	Contact Details	Released for Consultation	Close of Consultation
Exposure Drafts of Legislation/Regulation
Transfer pricing - Cross border transfer pricing: transfer pricing rules exposure draft of legislation (phase two)	Lisa Clifton (LDP) 6263 4451	22 November 2012	20 December 2012
NFP Reform - Australian Charities and Not-for-profits Commission - financial reporting regulations and related amendments to corporations regulations	Chris Leggett (ITD) 6263 3357	17 December 2012	15 February 2013
NFP Reform - Australian Charities and Not-for-profits Commission - governance standards	Chris Leggett (ITD) 6263 3357	17 December 2012	15 February 2013
Producer offset - Income Tax Assessment Act 1997 definition of a documentary	Greg Pinder (LDP) 6263 3176 Ian Douglas (SBTD) 6263 3189	14 December 2012	30 January 2013
Currently in Preparation	Contact Details	Expected Release Date
Discussion Papers
PAYG - Monthly PAYG instalments for large companies (implementation consultation)	Chris Lyon (CITD) 6263 3102	Early 2013
Non-cash benefit rules - Reforming the non-cash benefit rules in the income tax law	Chris Leggett (LDP) 6263 3357	Mid 2013
TOFA - Tax treatment of securities lending/repurchase agreements and short sales	Nan Wang (CITD) 6263 2768	Late 2013
Exposure Drafts of Legislation/Regulation
NFP Reform - Australian Charities and Not-for-profits Commission - external conduct standards	Chris Leggett (LDP) 6263 3357	January 2013
NFP Reform - Introducing a statutory definition of 'charity'	Phil Bignell (LDP) 6263 4372	Early 2013
NFP Reform - Restating the special conditions for tax concession entities - supporting regulations	Chris Leggett (LDP) 6263 3357	Early-mid 2013
Personal income tax - Consolidating the dependency offsets	André Moore (PRID) 6263 3067	January 2013
Bad debts - Ensuring consistent treatment in related party financing arrangements	Amanda Zanardo (LDP) 6263 2854	Early 2013
TOFA - Announced amendments to TOFA relating to accrual/realisation method, foreign bank branches, hedging and transitional balancing adjustments	Nan Wang (CITD) 6263 2768	Early 2013
NFP Reform - Australian Charities and Not-for-profits Commission - public register regulations	Chris Leggett (LDP) 6263 3357	Early 2013
GST - Restrictions on refunds	Paul Evans (IPRTD)_6263 3026	Early 2013
NFP Reform - Better targeting of not-for-profit tax concession	Chris Leggett (LDP) 6263 3357	Early 2013
PRRT - Amendments to PRRT regulations	James O'Toole (ITD) 6263 3112	Early 2013
Superannuation - Reduction of higher tax concession for very high income earners	Ruth Gabbitas (PRID) 6263 4154	Early 2013
Superannuation - Securing Super: payslip reporting (regulations)	Nick Reid (PRID) 6263 2721	Early 2013
TASA - Regulating financial advisers who provide taxation advice	Leslie Macdonald (TSD) 6263 4317	Early 2013
Superannuation - Stronger Super - SMSFs: market value requirements for related party transfers	Louise Lilley (PRID) 6263 3327	Expected Release Date
GST - Cross Border Transport Amendments	Rob Dalla-Costa (IPRTD) 6263 3328	Exposure Drafts of Legislation/Regulation (continued)
CGT - Removal of CGT discount for non-residents	Kishma Dillon (CITD) 6263 3398	Early 2013
CGT - Taxation relief for mandatory transfers under MySuper	Casey Elliott (LDP) 6263 3025	Early-mid 2013
CGT - Amendments to beneficial interests	Casey Elliott (LDP) 6263 3025	Early-mid 2013
Infrastructure - Removing tax impediments for designated infrastructure projects	Tony Regan (LDP) 6263 3334	Early-mid 2013
Trusts — A new tax system for managed investment trusts	Nan Wang (CITD) 6263 2768	Early-mid 2013
Trusts - Modernising the taxation of trust income	Kate Preston (SBTD) 6263 3116	Early-mid 2013
CGT - Relief for taxpayers affected by natural disasters	Casey Elliott (LDP) 6263 3025	Early-mid 2013
Debt-equity rules - Clarification of the scope of an integrity provision	Nan Wang (CITD) 6263 2768	Early-mid 2013
Loss recoupment rules - Improvements to the Loss Recoupment Rules: unequal share structures	Tony Regan (LDP) 6263 3005	Mid 2013
Securities lending arrangements tax rules - Extending the scope to address insolvency issues	Lee-Anne Sim (LDP) 6263 2849	Mid 2013
Consolidation - Consolidation joint and several liability rules	Tony Regan (LDP) 6263 3334	Mid 2013
Consolidation - Demerger of consolidated groups	Tony Regan (LDP) 6263 3334	Mid 2013
GST - Cross-border transactions	Rob Dalla-Costa (ITD) 6263 3328	Mid-late 2013
Loss recoupment rules - Improvements to the Loss Recoupment Rules: tracing and integrity changes	Tony Regan (LDP) 6263 3334	Mid-late 2013
Share buy-backs - Share buy-back rules	Tony Regan (LDP) 6263 3334	Mid-late 2013
International tax - Reform of the foreign source income anti‑tax deferral (attribution) regimes	Lisa Clifton (LDP) 6263 4451	Mid-late 2013

Abbreviations

CFC — Controlled Foreign Company
CGT — Capital Gains Tax
CITD — Corporate and International Tax Division
FBT — Fringe Benefits Tax
GST — Goods and Services Tax
ITD — Indirect, Philanthropy and Resource Tax Division
LDP — Law Design Practice
MRRT — Minerals Resource Rent Tax
NFP — Not-for-profit
Part IVA — Part IVA of the Income Tax Assessment Act 1936
PAYG — Pay-as-you-go
PRID — Personal and Retirement Income Division
PRRT — Petroleum Resource Rent Tax
SBTD — Small Business Tax Division
SMSF — Self-managed Superannuation Fund
TASA — Tax Agent Services Act
TOFA — Taxation of Financial Arrangements
TSD — Tax System Division