Australia

Monday 19 January 2015  

(1) IGT report on the ATO’s administration of valuation matters

(2) Exposure Draft on instalment warrants and receipts

(3) ATO Interpretative Decision withdrawn 16 January 2015

(4) APRA superannuation - select investment options

(5) IPA - impact of extending GST for online purchases

(6) Promoting Australia's financial services industry

(7) For the International Tax Director

(1) IGT report on the ATO’s administration of valuation matters

 

The Assistant Treasurer, Josh Frydenberg, released the Inspector-General of Taxation's Review into the Australian Taxation Office's (ATO) administration of valuation matters.


(2) Exposure Draft on instalment warrants and receipts

 

On 19 January 2015, Treasury released an Exposure Draft (ED) of legislation on the income tax ‘look through’ an instalment warrant and instalment receipt trust.


(3) ATO Interpretative Decision withdrawn 16 January 2015

 

On 16 January 2015, the Australian Taxation Office (ATO) released 2 Withdrawals.


 (4) APRA superannuation - select investment options

 

The Australian Prudential Regulation Authority (APRA) released a response to submissions and final versions of four reporting standards, reporting forms and instructions for APRA-regulated superannuation funds.


(5) IPA - impact of extending GST for online purchases

 

On 18 January 2015, the Institute of Public Affairs (IPA) issued a media release discussing the proposal of extending the goods and services tax (GST) to online overseas purchases of $1,000 or less.


(6) Promoting Australia's financial services industry

 

The Assistant Treasurer, Josh Frydenberg issued a media release on discussions with key government and business representatives on promoting Australia's financial services industry in Asia and Europe.


 (7) For the International Tax Director

 

For an Australian Tax Director interested in a brief overview of the latest tax developments internationally, a selection of recent KPMG publications available via various KPMG websites is shared.


 

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