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In a media release issued on 9 April 2008, the Assistant Treasurer, Chris Bowen, announced that the Government will retain the office of the Inspector-General of Taxation (IGOT) as a separate independent statutory office.

“After consulting with the accounting and legal professions, the Government has decided that the transfer of the IGOT’s functions to another agency would not be appropriate,” Mr Bowen said.

The amalgamation of the IGOT within an existing agency to save on overhead costs was announced as part of Labor's $3 Billion Savings Plan announced on 2 March 2007 with the aim of saving $6.6 million over four years.

For a copy of the Assistant Treasurer's media release, No 2008/022, 9 April 2008, go here

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