Australian Taxation Office

New or updated materials on ATO website, including:

Costings for Capital Gains Tax (CGT) reforms

The Australian Greens have released costings from the Parliamentary Budget Office in relation to proposed reforms to the CGT regime. Three options have been included in the costings – reducing the CGT discount to 40%, 25%, or removing it altogether.

China Australia Free Trade Agreement

The transcripts of public hearings in Brisbane and Sydney last week by the Joint Standing Committee On Treaties in relation to it inquiry into the China Australia Free Trade Agreement are now available.

LegalTalk

This LegalTalk Alert discusses recent moves by the Australian Securities and Investment Commission to adopt a "user pays" model for the costs of regulatory investigations.