Australia

Wednesday 25 March 2015 

(1) ESS Bill introduced into the House 
(2) Legislation cleared for introduction into Parliament
(3) Charter of Budget Honesty Amendment (Regional Australia Statements) Bill 2015 introduced into the House
(4) Public Governance and Resources (No.1) Bill 2015 passes the House
(5) Committee report on Public Governance and Resources (No.1) Bill 2015
(6) Senators motion for wine equalisation tax rebate referral to Committee
(7) ATO Rulings released 25 March 2015
(8) ATO Interpretative Decisions released
(9) OECD hosts Global Forum on Transfer Pricing and Task Force meeting
(10) Minister for Agriculture comments on Ombudsman
(11) Sharing the future - Shadow Assistant Treasurer address

(1) ESS Bill introduced into the House 

Minister for Small Business, Bruce Billson, introduced the Tax and Superannuation Laws Amendment (Employee Share Schemes) Bill 2015 into the House of Representatives.


(2) Legislation cleared for introduction into Parliament

The Federal Parliamentary Caucus of the Coalition Joint Party cleared few legislations for introduction into Parliament


(3) Charter of Budget Honesty Amendment (Regional Australia Statements) Bill 2015 introduced into the House

The Independent Minister for Indi, Cathy McGowan, introduced the Charter of Budget Honesty Amendment (Regional Australia Statements) Bill 2015 into the House of Representatives.


(4) Public Governance and Resources (No.1) Bill 2015 passes the House

The Government moved eight amendments to the Public Governance and Resources Legislation Amendment Bill (No. 1) 2015 to, inter alia, repeal the current definition of a self managed super fund (SMSF) under the Remuneration and Allowances Act 1990.


(5) Committee report on Public Governance and Resources (No.1) Bill 2015

The Senate Finance and Public Administration Legislation Committee tabled its report regarding its inquiry into the Public Governance and Resources Legislation Amendment Bill (No. 1) 2015.


(6) Senators motion for wine equalisation tax rebate referral to Committee

Senators Ruston, Xenophon, McKenzie, Whish-Wilson, and Madigan moved a motion in the Senate to refer the impact and application of the wine equalisation tax rebate on industry supply chains.


(7) ATO Rulings released 25 March 2015

On 25 March 2015, the Australian Taxation Office (ATO) released 1 Goods and Services Tax Ruling, 1 Draft Taxation Ruling, 5 Taxation Determinations, 1 Class Ruling, 1 Product Ruling, 2 Addenda, 5 Withdrawals.


(8) ATO Interpretative Decisions released

On 25 March 2015, the Australian Taxation Office withdrew nine interpretative decisions.


(9) OECD hosts Global Forum on Transfer Pricing and Task Force meeting

OECD hosted delegates from over 90 jurisdictions at the Global Forum on Transfer Pricing and Task Force meeting to discuss solutions to base erosion and profit shifting.


(10) Minister for Agriculture comments on Ombudsman

The Minister for Agriculture, Barnaby Joyce, issued a media release commenting on the Government's introduction of an Australian Small Business and Family Enterprise Ombudsman.


(11) Sharing the future - Shadow Assistant Treasurer address

The Shadow Assistant Treasurer, Andrew Leigh, gave an address to the National Press Club in Canberra, on the Australian Labor Party (ALP) multinational tax policy package, and the rise of the sharing economy.

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