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 2023–24 Budget the government announced that it would encourage investment and construction in the build‑to‑rent (BTR) sector. For eligible new BTR projects where construction commences after…
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The Australian Government is consulting on a measure from the 2023–24 Budget to exempt eligible lump sum payments in arrears from the Medicare levy from 1 July 2024. This measure will…
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The government is consulting on legislative amendments to the transfer balance credit provisions for individuals with a capped defined benefit income stream to ensure members are not adversely…