Australian Taxation Office

New or updated materials on ATO website, including:

Proposed amendments to Part IVA

Treasurer Joe Hockey has indicated in an interview yesterday that legislation to give effect toproposed amendments to Part IVA will be introduced into Parliament in the next sitting fortnight, which commences on Monday 7 September 2015.

Gender retirement income gap

Yesterday, the Senate referred the economic security for women in retirement for inquiry and report by the first sitting day in March 2016. The terms of reference include:

  • the impact that inadequate superannuation savings has on the retirement incomes of women
  • the adequacy of the main sources of retirement income for women, and
  • measures that would provide women with access to adequate and secure retirement incomes, including assistance to employers to assist female employees' superannuation savings and possible reforms to current laws relating to superannuation, social security, paid parental leave, discrimination and other relevant measures.

Forestry Management Investment Schemes

Transcripts of public hearings as part of the Senate committee inquiry into forestry management investment schemes are now available.