Australia

Tuesday 28 April 2015 

(1) KPMG Publication – Tax reform: A national challenge... join the conversation
(2) Australian Prudential Regulation Authority (confidentiality) Determination No. 5 of 2015
(3) ATO DIS - Ward v Commissioner - excess contributions tax
(4) ATO website update
(5) Shadow Assistant Treasurer address on Tax Reform
(6) Shadow Treasurer leads delegation to China
(7) RBA sign MoU on cooperation arrangements to access derivative contracts information in Singapore
(8) For the International Tax Director

(1) KPMG Publication – Tax reform: A national challenge... join the conversation

Following the release of the Federal Government's tax discussion paper Re:think, Better tax, better Australia, KPMG Australia has prepared a report entitled Tax reform: A national challenge... join the conversation.


(2) Australian Prudential Regulation Authority (confidentiality) Determination No. 5 of 2015

Australian Prudential Regulation Authority (confidentiality) determination No. 5 of 2015 was registered on 24 April 2015.


(3) ATO DIS - Ward v Commissioner - excess contributions tax

ATO issued a Decision Impact Statement (DIS) in response to the decision of the Administrative Appeals Tribunal (AAT) in Ward v Commissioner of Taxation [2015] AATA 138.

    (4) ATO website update

  • Growing tobacco
  • Consumer price index (CPI) rates
  • Super contributions – too much super can mean extra tax
  • Tips for trustees of death benefits
  • Choose reporting options for PAYGI and GSTI
  • Tell us about consolidated entities
  • Have your clients made any consolidation changes?
  • Reminder for electronic lodgment and payment for big business


(5) Shadow Assistant Treasurer address on Tax Reform

The Shadow Assistant Treasurer, Andrew Leigh, delivered an address to the Tax and Transfer Policy Institute (TTPI) Conference in Canberra. Mr Leigh spoke about the current state of tax reform in Australia.


(6) Shadow Treasurer leads delegation to China

The Shadow Assistant Treasurer, Chris Bowen announced that he will be leading a delegation of Australian Labor Party State and Federal Parliamentarians to Hong Kong and Beijing.


(7) RBA sign MoU on cooperation arrangements to access derivative contracts information in Singapore

RBA and MAS signed a Memorandum of Understanding regarding cooperation arrangements to facilitate the access by the RBA to information on derivatives contracts held in authorised trade repositories in Singapore.


(8) 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.

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If you are a KPMG client and would like to subscribe to Daily Tax News or receive a copy of any of our Tax in Focus briefs, contact your KPMG adviser.

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