Australian Taxation Office
PwC's analysis of the 2015-16 Federal Budget is now available online through PwC's dedicatedFederal Budget website.
Draft legislation for Budget measures
Treasury has released exposure draft legislation in relation to the following Budget measures:
- Multinational anti-avoidance law, submissions due 9 June 2015, and
- Extending GST to digital products and other services imported by consumers, submissions due 7 July 2015.
Progress of Bills in Parliament
- Tax and Superannuation Laws Amendment (Norfolk Island Reforms) Bill 2015 and related Bills, part of a package to reform the governance arrangements and introduce taxation, social security and healthcare arrangements on Norfolk Island, were debated and passed by the House of Representatives. These Bills will now proceed to the Senate.
- Customs Amendment (Anti-Dumping Measures) Bill (No 1) 2015 and Customs Tariff (Anti-Dumping) Amendment Bill 2015 which both seek to strengthen and modernise Australia's anti-dumping laws, were passed by the Senate with 3 and 4 non-government amendments agreed to (respectively). These Bills will now return to the House of Representative for debate and consideration of the amendments.
- Biosecurity Bill 2014 and related Bills, which propose to replace the Quarantine Act 1908 to become the primary source for managing Australia’s biosecurity system, including the management of the risk of pests and diseases entering Australia, were debated in the Senate and 8 Government amendments were made to the Biosecurity Bill 2014.