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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On 2 November 2018, the Government announced the Government’s final response to the report of the Petroleum Resource Rent Tax Review provided by Michael Callaghan AM PSM. As part of its response, the…
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The Government today has released for public consultation an exposure draft of the A New Tax System (Goods and Services Tax) Regulations 2019 and the Treasury Laws Amendment (Goods and Services Tax)…
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On 2 November 2018, the Treasurer announced a package of measures to ensure that the Petroleum Resource Rent Tax better reflects Australia’s petroleum industry. The Government has today released for…