Australia

Latest Update - Friday 11 July 2014 

(1) B20 Coalition call for G20 Leaders to deliver on trade proposals - report released
(2) KPMG Tax Bills Watch
(3) Decision - Chevron Australia Holdings Pty Ltd v Commissioner - transfer pricing
(4) ATO Rulings issuing 16 July 2014
(5) ATO Practice Statements withdrawn 10 July 2014
(6) ATO Interpretative Decisions withdrawn 11 July 2014
(7) Industry Super Australia call on the Senate to disallow FOFA
(8) The Financial System Review and superannuation - Discussion Forum

(1) B20 Coalition call for G20 Leaders to deliver on trade proposals - report released

On 8 July 2014, the B20 Coalition released a position paper entitled Trade for Growth: A New Trade Regime for the 21st Century, which reviews the current trade landscape and provides recommendations to capitalise on the World Trade Organisation (WTO) Bali agreement of 2013.


(2) KPMG Tax Bills Watch

Following the continuation of the Winter 2014 Parliamentary Sittings, KPMG has updated Tax Bills Watch, which provides the status of tax related Bills before Parliament from the initial announcement through to Royal Assent.


(3) Decision - Chevron Australia Holdings Pty Ltd v Commissioner - transfer pricing

On 4 July 2014, the Federal Court of Australia (FCA) handed down its decision in Chevron Australia Holdings Pty Ltd v Commissioner of Taxation (No 2) [2014] FCA 707.


(4) ATO Rulings issuing 16 July 2014

The Australian Taxation Office (ATO) intends to issue 1 Taxation Determination, 1 Product Ruling and 1 Addendum at 2pm on 16 July 2014.

  

(5) ATO Practice Statements withdrawn 10 July 2014

On 10 July 2014, the Australian Taxation Office (ATO) withdrew 2 Practice Statements.


(6) ATO Interpretative Decisions withdrawn 11 July 2014

On 11 July 2014, the Australian Taxation Office (ATO) withdrew 5 Interpretative Decisions.

 

(7) Industry Super Australia call on the Senate to disallow FOFA

On 10 July 2014, Industry Super Australia (ISA) issued a media release calling on the Senate to disallow the future of financial advice (FOFA) regulations that came into force on 1 July 2014.


(8) The Financial System Review and superannuation - Discussion Forum

The Grattan Institute will host an expert discussion forum on the Financial System Review and superannuation on 24 July 2014 at the State Library of NSW, Sydney.

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