Publication date: 12 Mar 98 |
Source: THE TAX INSTITUTE
The Taxation Institute of Australia has recommended the Federal Government establish two
separate 'Tax Advisory Boards' to improve the administration of the tax law and ensure that
broad policy implications of existing and proposed laws are fully considered.
This recommendation forms an integral part of a submission on tax reform put forward by the
Taxation Institute to the Gibson Committee titled Tax Reform in Australia.
The proposed boards would be the 'Taxation Administration Review Board' and the 'Taxation
Policy Review Board'. Each board would have a different focus, different responsibilities and
"Establishing a formal system of review will introduce more certainty and consistency into the
tax administration and policy process in Australia and ultimately benefit the Australian
taxpaying community," said Taxation Institute of Australia Tax Technical Director, Ms
"The Taxation Policy Review Board would concentrate on ongoing reform of the tax system
and ensure that the tax system complements other government policies rather than operating
in direct opposition to those policies - as is often the case at present."
"This Board should also comprise of private sector representatives such as lawyers and
accountants with a knowledge of tax, small and large business representatives and senior staff
of related government departments."
"The establishment of such a board would hopefully result in legislation that is better drafted,
better reflects Government policy and which will not result in disproportionate compliance
costs for Australian Business," she said.
"The Taxation Administration Review Board would oversee the proper administration of the
ATO and recommend improvements where necessary. This Board would guide the direction
of long term strategy of the ATO and comprise of private sector representatives and senior
"However, the Taxation Administration Review Board would have no involvement in specific
matters in the areas of interpretation or enforcement of tax laws, nor will it have any access to
"Although we recommend that the Commissioner of Taxation be a member of both proposed
Boards, they should be chaired by a senior Government Minister rather than by the
Commissioner," Ms Carey said.