Australian Taxation Office

New or updated materials on ATO website, including:

TaxTalk

December 2015 edition of TaxTalk Monthly is now available. This month's featured articles include:

TaxTalk also includes a monthly roundup of developments in corporate tax, employment tax, indirect tax, international tax, superannuation, legislative updates and other news updates.

Parliament

Treasury Legislation Amendment (Repeal Day 2015) Bill 2015, which proposes to simplify the superannuation guarantee (SG) charge, enable the Commissioner of Taxation to pay certain superannuation amounts directly to individuals with a terminal medical condition, remove the requirement for superannuation funds to lodge a separate biannual lost members statement and amend the tax law to remove a number of inoperative or spent provisions including the tax-exempt infrastructure borrowing concession, was debated in the House of Representatives yesterday. Debate was adjourned.

Foreign investment review framework

The Senate has referred an inquiry into the foreign investment review framework to the Senate Economics References Committee for inquiry and report by 4 February 2016. Submissions to the inquiry can be made until 15 January 2016.