Canada - English

Australia Sharpens GAAR's Teeth 

Global Tax Adviser 

March 06, 2012

Paul Hickey
Toronto, National Tax Centre


The Australian government has announced it will strengthen Australia's general anti-avoidance rule (GAAR). In response to the Australia High Court's refusal to overturn a previous court decision (the RCI case), a new concept of "tax benefit" will apply for Australia's GAAR as of March 1, 2012. However, the actual change to the rule will not be known until around September 2012, after a consultation period.

For more information, contact your KPMG adviser.

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