Australian Taxation Office
New or updated materials on ATO website, including:
- Agricultural Land Register deadline extended: Foreign investors now have until 29 February 2016 to register their Australian agricultural land holdings.
Tax Reform
The Federal Treasurer has released the State and Territory Treasurers' Communique following yesterday's Economic and Tax Workshop of the Council of Federal Financial Relations. Whilst there were no concrete outcomes from the meeting in relation to tax reform, it is noted that the "Treasurers agreed to continue discussions around a more sustainable and growth enhancing tax mix and tax base. The Commonwealth will continue to engage on the basis that these reforms do not increase the overall tax burden net of compensation required for tax reform changes."
