Australia

Wednesday 16 April 2014 

(1) OECD transfer pricing consultation - 19 May 2014
(2) PBO releases report on 30 years of Australian Government receipts
(3) ATO Rulings released 16 April 2014
(4) Determination on SMSFs released
(5) Combination certification for production licences for PRRT
(6) FSC calls for changes to superannuation, age pension access, and disability insurance
(7) Appointment of Jacqueline Gleeson as a Judge to the Federal Court of Australia
(8) New appointment of Government Infrastructure Coordinator
(9)Government releases competition policy review issues paper

(1) OECD transfer pricing consultation - 19 May 2014

The Organisation for Economic Cooperation and Development (OECD) will be holding a public consultation on the discussion draft on transfer pricing documentation and country-by-country reporting on 19 May 2014 in France.


(2) PBO releases report on 30 years of Australian Government receipts


On 18 October 2013, the Parliamentary Budget Office (PBO) released a report entitled Trends in Australian Government receipts, which looks at Australian Government receipts over the period from the 1982-1983 financial year, to the 2012-2013 financial year.

 

 

(3) ATO Rulings released 16 April 2014


On 9 April 2014, the Australian Taxation Office (ATO) released 2 Draft Taxation Rulings, 2 Taxation Determinations, 1 Class Ruling, 2 Addendum, 2 Withdrawals and 2 Draft law Administration Practice Statements. 


(4) Determination on SMSFs released

The Self Managed Superannuation Funds (Limited Recourse Borrowing Arrangements – In-House Asset Exclusion) Determination 2014 was registered on 10 April 2014.

 

(5) Combination certification for production licences for PRRT

On 14 March 2014, the Minister for Industry, Ian Macfarlane issued a combination certificate for production licences for the purposes of the Petroleum Resource Rent Tax Assessment Act 1987 and related Acts.


(6) FSC calls for changes to superannuation, age pension access, and disability insurance

On 15 April 2014, the Financial Services Council (FSC) issued two media releases calling on the government to consider changes to access to superannuation, the age pension, and the National Disability Insurance Scheme (NDIS).

 

 

(7) Appointment of Jacqueline Gleeson as a Judge to the Federal Court of Australia

 

On 14 April 2014, the Attorney General, George Brandis announced the appointment of Jacqueline Sarah Gleeson as a Judge to the Federal Court of Australia (FCA).


(8) New appointment of Government Infrastructure Coordinator

On 15 April 2014, the Minister for Infrastructure and Regional Development, Warren Truss issued a media release announcing the appointment of John Fitzgerald as the interim Acting Australian Government Infrastructure Coordinator, pending the appointment of a new Chief Executive Officer as part of the government’s reforms to make Infrastructure Australia more independent and transparent.

 

(9) Government releases competition policy review issues paper

On 16 April 2014, the Minister for Small Business, Bruce Billson, issued a media release announcing the release of an Issues Paper for the Competition Policy review.

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