Employee share scheme changes - Consultation paper released: Published 10 Jun 2009
As many members will be aware, the debate over the Government's proposed changes to the taxation of employee share scheme in Division 13A of the ITAA 1936 has continued since the announcement on Budget night on 12 May. The Institute has been actively involved in putting forward the views of our members and the broader business community in our submission to the Treasurer almost two weeks ago. More >

Small Business and General Business Tax Break (Investment Allowance): Published 01 Jun 2009
Tax Laws Amendment (Small Business and General Business Tax Break) Bill 2009 with Government amendment was passed by both Houses of Parliament last week and received Royal Assent on 22 May 2009. More >

Review of the foreign source income anti-tax-deferral regimes: Published 01 Jun 2009
Update 12 May 2009 - Reform of the foreign source income anti-tax deferral (attribution) rules - Discussion paper released More >

GST Budget reforms: Published 21 May 2009
On Budget night, the Assistant Treasurer and Minister for Competition Policy and Consumer Affairs, the Hon Chris Bowen MP, announced the Government's response to the report by the Board of Taxation on its review of the legal framework for the administration of the GST. More >

Carbon pollution reduction scheme: Published 14 May 2009
The following package of 10 Bills to implement the CPRS was introduced in the House of Representatives on Thursday 14 May 2009 More >

The Institute of Chartered Accountants and CCH Budget Night Report 2009: Published 12 May 2009
The Institute of Chartered Accountants and CCH Budget Night Report 2009 More >

Review of the Taxation Treatment of Off-Market Share Buybacks: Published 12 May 2009
On Budget night, the Board of Taxation's report on its review of off market share buy-backs together with the Government's response was released by the Assistant Treasurer. More >

Australia’s Future Tax System: Published 05 May 2009
On Friday 1 May, the Institute lodged its submission to the Henry Review into Australia's Future Tax System. The submission highlights and reinforces the Institute's high level views about a number of tax policy issues that are within the scope of the Review. The focus of the submission is a long-term agenda for tax policy to play a role in a prosperous Australian economy in the future. More >

Board of Taxation's Review of Managed Investment Trusts: Published 18 Dec 2008
The Institute has lodged with the Board on Taxation a submission commenting on certain issues and questions posed in its discussion paper entitled "Review of the tax arrangements applying to managed investment trusts". More >

Australia's future tax system (Cont): Published 12 Aug 2008
The first report relating to the review of Australia’s future tax system (AFTS), entitled ‘Architecture of Australia’s tax and transfer system’ was released by the Treasury at a joint press conference held by the Treasurer, the Hon Wayne Swan MP and the Treasury Secretary and Chair of the review panel, Dr Ken Henry on 6 August. More >

Alignment of small business tax concessions thresholds: Published 13 May 2008
The Government announced in the Budget that it will go ahead with enhancing access to the small business capital gains tax (CGT) concessions for taxpayers owning a CGT asset used in a business by a related entity and for partners owning a CGT asset used in the partnership business, with effect from the 2007-08 income year. More >

Entity flow-through submission: Published 29 Apr 2008
Small to medium-sized entities (SMEs) have for some time identified the complexity of the taxation system and the cost of compliance associated with it as one of their main concerns. More >

Australia’s Proposed Emission Trading Scheme - The Tax Policy Dimension: Published 07 Apr 2008
A joint project with the Institute of Chartered Accountants in Australia and Ernst & Young Australia’s Proposed Emissions Trading Scheme – The Tax Policy Dimension Adjusting Australia’s tax framework to support the Emissions Trading Scheme March 2008 More >

ALRC review of the legal professional privilege: Published 04 Apr 2008
Following on from the release of the ALRC's report entitled 'Privilege in Perspective: Client Legal Privilege in Federal Investigations, the Institute is continuing to advocate for statutory privelege with respect to tax advice provided by appropriately qualified and regulated professional accountants. More >