Australia

Wednesday 29 October 2014 

(1) Government announces fuel excise indexation arrangements
(2) Legislation cleared for introduction into Parliament
(3) Freedom of Information Bill 2014 passes the House with amendments
(4) Private Health Insurance (No.1) Bill passes the House
(5) Corporations Amendment Bill introduced into the Senate
(6) Senate Committee - Tax and Super Bill (No.5) report released
(7) Custom Amendment (JAEPA) Bills introduced into the House
(8) Radiocommunications (Transmitter Licence Tax) Determination released
(9) ATO Rulings released - 29 October 2014
(10) Joint Ministerial statement on Spring Repeal Day
(11) TPP Ministerial Meeting - concluding press conference
(12) APRA guidance on superannuation fraud risk management
(13) For the International Tax Director

(1) Government announces fuel excise indexation arrangements


The Minister for Finance, Mathias Cormann, announced that, in accordance with the fuel excise indexation measure announced in the Budget 2014-15, various tariff proposals will be tabled in the House of Representatives this week.


(2) Legislation cleared for introduction into Parliament

 

The Federal Parliamentary Caucus of the Coalition Joint Party cleared a number of bills for introduction into Parliament.

 

(3) Freedom of Information Bill 2014 passes the House with amendments


The Government moved two amendments to the Freedom of Information Amendment (New Arrangements) Bill 2014 to clarify the arrangements between the Australian Privacy Commissioner and the Australian Human Rights Commission.

 

(4) Private Health Insurance (No.1) Bill passes the House


The Private Health Insurance Amendment Bill (No.1) 2014 passed the House of Representatives without amendment and will now move to the Senate for consideration.

 

(5) Corporations Amendment Bill introduced into the Senate


The Australian Greens Leader, Christine Milne, introduced a Private Members Bill entitled Corporations Amendment Bill 2014 into the Senate with a purpose to establish a mandatory reporting of payments made by Australian based extractive companies to foreign governments.

 

(6) Senate Committee - Tax and Super Bill (No.5) report released


The Senate Economics Legislation Committee tabled its report on its Inquiry into Tax and Superannuation Laws Amendment (2014 Measures No. 5) Bill 2014.

 

(7) Custom Amendment (JAEPA) Bills introduced into the House


The Minister for Trade and Investment, Andrew Rob, introduced a package of Custom Amendment Bills into the House of Representatives.

 

(8) Radiocommunications (Transmitter Licence Tax) Determination released


Radiocommunications (Transmitter Licence Tax) Amendment Determination 2014 (No. 2) was registered which suggestes to provide for a more affordable tax payable by wireless microphone operators who choose to use apparatus licences to operate in the frequency range 520 to 694 MHz.


(9) ATO Rulings released - 29 October 2014

 

On 29 October 2014, the Australian Taxation Office (ATO) released once draft goods and services tax (GST) determination, one draft taxation determination and one class ruling.

 

(10) Joint Ministerial statement on Spring Repeal Day


On 29 October 2014, the Deputy Prime Minister, Warren Truss, and the Assistant Minister for Infrastructure and Regional Development, Jamie Briggs, reiterated that improving productivity and enhancing competitiveness are the key drivers of the Australian Government's Spring Repeal Day.

 

(11) TPP Ministerial Meeting - concluding press conference


On 27 October 2014, the Minister of Finance, Andrew Robb delivered a closing address at the Trans-Pacific Partnership (TPP) Agreement Ministerial Meeting held in Sydney.

 

(12) APRA guidance on superannuation fraud risk management


The Australian Prudential Regulation Authority (APRA) has released for consultation a draft prudential practice guide on superannuation fraud risk management.

 

(13) 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. 

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