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Budget

Treasury provides advice to the Government on effective government spending and taxation arrangements. This includes advice on budget policy issues, trends in Commonwealth revenue and major fiscal and financial aggregates, major expenditure programs, taxation policy, retirement income, Commonwealth-State financial policy and actuarial services. Treasury also leads the production of the Commonwealth Budget each year.

Consultations

  •  - Open16 days left to have your sayDiscussion Paper

    This purpose of this paper is to set out the Government’s proposed options to implement the 2016‑17 Budget measure – ‘Targeted amendments to Division 7A’. The Budget announcement is in response to the Board of Taxation’s final report on the ‘Post Implementation Review of Division 7A of Part III of the Income Tax Assessment Act […]

  •  - Open2 days left to have your sayDraft Legislation

    The Government announced in the 2018-19 Budget that it was extending the definition of a Significant Global Entity (SGE) to include members of large business groups headed by proprietary companies, trusts, partnerships and investment entities. A Significant Global Entity (SGE) is a concept to define, generally speaking, a group of entities, interrelated by a control […]

  •  - Closed

    As announced in the 2017-18 Budget, the Government is introducing a legislative framework for an enhanced regulatory sandbox to enable new and innovative financial technology (FinTech) products and services to be tested in Australia. This will extend the scope of activities and the timeframe beyond that of the regulatory sandbox launched by ASIC in December 2016. […]

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