Australian Taxation Office

New or updated materials on ATO website, including:

  • Daily and monthly foreign exchange rates for September 2015
  • The ATO has advised that TR 2013/D7 regarding the apportionment of expenses incurred by a superannuation entity only partly in gaining its assessable income will not be finalised. Instead, a comprehensive addendum to TR 93/17 is expected to issue in October 2015.
  • Updated: Public Rulings Program, as at 7 October 2015, includes the following updates:
    • proposed draft tax ruling on deductions for mining and petroleum exploration expenditure, due to issue on 28 October 2015
    • proposed ruling on GST-free adult and community education courses has been withdrawn from the program


Assistant Treasurer Kelly O'Dwyer has issued a media release regarding the OECD's BEPS package, recapping the measures currently underway in Australia that align with this project.


Both Houses of Parliament are sitting next week. The draft legislation programs for the House of Representatives and the Senate show the following Bills scheduled for debate next week: