Australia

Monday 27 July 2015  

(1) Ministerial meetings on TPP
(2) Banking determination released
(3) Committee hearings into chAFTA
(4) ATO Interpretative Decisions - 24 July 2015
(5) For the International Tax Director
(6) AIST comments on super governance legislation

(1) Ministerial meetings on TPP

 

On 28-31 July 2015, the Minister for Trade and Investment, Andrew Robb will participate in various ministerial meetings in Hawaii with the aim of concluding negotiations on the Trans-Pacific Partnership Agreement (TPP) with the 12 countries involved.

 

(2) Banking determination released

 

The Banking (prudential standard) determination No. 3 of 2015 - Prudential Standard APS 330 - Public Disclosure was registered on 24 July 2015.

 

(3) Committee hearings into chAFTA

 

The Joint Standing Committee on Treaties will hold hearings to examine the costs and benefits of the proposed China-Australia Free Trade Agreement (chAFTA), which aims to reduce barriers to trade for Australian importers and exporters.

 

(4) ATO Interpretative Decisions - 24 July 2015

 

On the 24 July 2015, the Australian Taxation Office (ATO) released 1 Interpretative Decision and withdrew 1 Interpretative Decision.

 

(5) 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 has been updated.

 

(6) AIST comments on super governance legislation

 

The Australian Institute of Superannuation Trustees (AIST) commented on the proposed changes to the board composition of superannuation funds.

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