Submissions

The Tax Institute is the most respected and influential contributor to the development of tax policy and administration in Australia. As part of this contribution, we prepare top level submissions on tax policy, administration and technical matters at both Federal and State levels. Non-confidential submissions prepared from 1996 onwards and covering legislation, ATO and Treasury consultative documents and papers, as well as rulings, determinations and a range of other ATO opinion and guideline documents, are available here.

• The Tax Institute Submission | JobKeeper guidance on specific issues – transfer pricing / R&D Tax Concession

  07 Sep 2020

  The Tax Institute would like to make a submission to the Australian Taxation Office (ATO) about guidance which has been issued with respect to specific issues and the JobKeeper scheme. Those specific issues are transfer pricing and the R&D Tax concession.

• The Tax Institute Submission | Proportional Indexation of the Personal Transfer Balance Cap

  28 Aug 2020

  The Tax Institute requests the Government to consider the reforms outlined below in relation to Division 294 of the Income Tax Assessment Act 1997 (ITAA 1997) – that is, the transfer balance cap (TBC) provisions.

• The Tax Institute Submission | 2020-21 Federal Budget Submission

  28 Aug 2020

  The Tax Institute welcomes the opportunity to make an additional submission in response to the call by the Minister for Housing and Assistant Treasurer, the Hon Michael Sukkar, on 27 July 2020 for such submissions from individuals, businesses and community groups on their views regarding priorities for the 2020-21 Budget.

• Tax Institute Submission | Proposal for a Generally Accepted Definition of ‘Charity’ for Federal and State Taxation Purposes

  14 Aug 2020

  The Tax Institute has identified an issue which we are seeking the Board of Taxation’s assistance to have addressed. The Tax Institute considers that a generally accepted definition of ‘charity’ for Federal and State taxation purposes would greatly assist charities to meet their Federal and State tax and revenue compliance requirements. We consider that the Board of Taxation is well-positioned to review this issue and provide advice to the Federal Government as to how this issue could be addressed.

• Joint Bodies Submission | Extension of the JobKeeper Payment

  07 Aug 2020

  The Joint Bodies welcome the further changes announced today to the extension to the JobKeeper Payment scheme from 28 September 2020 through to 28 March 2021. This is a necessary step for continuing to support employers and employees through COVID-19 pandemic, particularly in light of the Stage 4 Restrictions currently in place in Victoria.

• Joint Bodies Submission | State Treasurers Payroll tax - Extension of JobKeeper

  07 Aug 2020

  Further to our letter to you of 7 April 2020, we are writing to you to seek an extension of the payroll tax exemptions and concessions put in place with respect to the JobKeeper subsidy which is now being extended1 by the Federal government to apply until 28 March 2021.

• Joint Bodies Submission | Stage 4 Restrictions for tax practitioners and impacts on the tax and superannuation systems

  05 Aug 2020

  The Joint Bodies recognise and understand the critical need for the Stage 4 Restrictions in Victoria. Accountants, tax practitioners, professional advisers and bookkeepers (i.e. tax practitioners) are crucial in supporting businesses and individuals (i.e. taxpayers) through the COVID-19 crisis. It is important that accountants, tax practitioners and related professionals can continue to assist taxpayers in meeting their tax obligations and accessing much-needed Government assistance.

• The Tax Institute Submission to Vic Premier | Stage 4 Lockdown - Tax Professionals Permitted to Practice

  17 Jul 2020

  There is considerable public conjecture that the Victorian government is currently considering Stage 4 restrictions in the event of an escalation in COVID-19 cases. Accountants, tax practitioners, professional advisers and bookkeepers are critical to maintaining and supporting business and individuals (i.e. taxpayers) through the COVID-19 crisis. There are significant risks to the economy, the business operating environment, and the tax and superannuation systems, if they are unable to operate.

• Joint Organisations Submission | Professional Practice Structures Draft Guidance

  17 Jul 2020

  Chartered Accountants Australia and New Zealand, CPA Australia, Grant Thornton, Institute of Public Accountants, Law Council of Australia, Law Firms Australia, National Tax and Accountants' Association Ltd, Pitcher Partners, The Tax Institute and William Buck (together the Joint Organisations) write to you regarding the ongoing consultation concerning the revision of the Australian Taxation Office’s (ATO) guidelines on the allocation of profits in professional firms.

• The Tax Institute Submission | Review of CGT Rollovers

  07 Jul 2020

  The Tax Institute refers to the Board of Taxation (Board) review of the capital gains tax (CGT) rollover provisions contained in the Board’s February 2020 consultation paper (Paper). We welcome this opportunity to provide a submission.

  Broadly, the Paper has been commissioned by the Assistant Treasurer to consider practical ways to simplify and rationalise Australia’s system of CGT rollovers and associated provisions that have a substantially similar practical effect but are easier to use and interpret.