Australia

Monday 7 July 2014  

(1) Ministers announce Carbon Tax Repeal to be first priority in the Senate
(2) Administrative treatment on carbon tax repeal - income tax
(3) Tax agent lodgment program 2014-15: details released
(4) ATO website update
(5) Options Paper on Australian Charities and Not-for-profit Commission Replacement Arrangements
(6) Parkinson address on the challenges and opportunities for Australia
(7) Implications of digitisation for the Australian tax system - address
(8) New regulation of financial advisers providing tax advice: ASIC
(9) For the International Tax Director

(1) Ministers announce Carbon Tax Repeal to be first priority in the Senate

On 4 July 2014, the Leader of the Government in the Senate, Eric Abetz, and the Manager of Government Business in the Senate, Mitch Fifield, issued a joint media release reiterating the Government's priority to repeal the carbon tax in the new Senate.


(2) Administrative treatment on carbon tax repeal - income tax


On 3 July 201, the Australian Taxation Office (ATO) issued an administrative treatment on the Coalition Government proposal to repeal the carbon tax.


(3) Tax agent lodgment program 2014-15: details released

The Australian Taxation Office (ATO) has released details of the lodgment program for 2014-15 for tax agents and BAS agents.


(4) ATO website update

Pay As You Go (PAYG)

  • Introduction to PAYG instalments 

 

(5) Options Paper on Australian Charities and Not-for-profit Commission Replacement Arrangements

On 4 July 2014, the Department of Social Services released for consultation an options paper on proposed replacement options for the Australian Charities and Not-for-profit Commission (ACNC), which the government has pledged to repeal.

 

(6) Parkinson address on the challenges and opportunities for Australia

On 2 July 2014, the Secretary to the Treasury, Martin Parkinson made an address to the Association of Mining and Exploration Companies Convention in Perth.


(7) Implications of digitisation for the Australian tax system - address

On 4 July 2014, the Executive Director of the Treasury's Revenue Group, Rob Heferen, delivered an address entitled Implications of digitisation for the Australian tax system to the 2014 Economic and Social Outlook Conference in Melbourne.

 

(8) New regulation of financial advisers providing tax advice: ASIC

On 3 July 2014, the Australian Securities & Investment Commission (ASIC) issued a media release advising on the new regulation of financial advisers providing tax advice.

 

(9) 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 listed below.

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