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.

• TTI Submission - Treasury Laws Amendment (Reducing Pressure on Housing Affordability Measures) Bill 2019

  13 Nov 2019

  The Tax Institute refers to the Treasury Laws Amendment (Reducing Pressure on Housing Affordability Measures) Bill 2019 (Bill). The Bill contains measures designed to change the main residence exemption for non-residents.

• The Tax Institute Submission | TD 2019/D9 Commercial debt forgiveness by reason of natural love and affection

  04 Nov 2019

  The Tax Institute welcomes the opportunity to make a submission to the Australian Taxation Office (ATO) in relation to the draft Taxation Determination TD 2019/D9 Income tax: commercial debt forgiveness – does the exclusion for debts forgiven for reasons of natural love and affection require that the creditor be a natural person? (Draft TD).

• The Tax Institute Submission | TD 2019/D8 - What is an employee share trust?

  28 Oct 2019

  The Tax Institute welcomes the opportunity to make a submission to the Australian Taxation Office (ATO) in relation to the Draft Taxation Determination - Income Tax: what is an ‘employee share trust’? (Draft TD). Our submission below addresses our main concerns in relation to the Draft TD. In particular, we consider that, should the ATO not change the view held in the Draft TD, then a legislative change will be necessary.

• 2020-21 Pre-Budget Submission

  23 Oct 2019

  The Tax Institute welcomes the opportunity to make a submission to the Treasurer in relation to the 2019-20 Federal Budget. We refer to the media release issued by the Assistant Treasurer, the Hon Michael Sukkar MP on 30 September 2019 inviting submissions for the 2020 – 21 Federal Budget1, where the Government has expressed its plan for a stronger economy and to secure a better future for all Australians.

• Tax Institute Submission - Consultation Draft – South Australian Land Tax (Miscellaneous) Amendment Bill 2019

  03 Oct 2019

  The Tax Institute welcomes the opportunity to make a submission to the South Australian Government in relation to the Land Tax (Miscellaneous) Amendment Bill 2019 (Draft Bill).

• The Tax Institute submission | Miscellaneous Amendments to Treasury Portfolio Laws 2019 Exposure Draft

  03 Oct 2019

  The Tax Institute welcomes the opportunity to make a submission to Treasury in relation to the Treasury Laws Amendment (Measures for a latter sitting) Bill 2019: miscellaneous amendments Exposure Draft (Exposure Draft) and associated Explanatory Memorandum (EM).

• The Tax Institute submission | Draft Taxation Determinations TD 2019/D6 and TD 2019/D7

  30 Sep 2019

  The Tax Institute welcomes the opportunity to make a submission to the Australian Taxation Office in relation to the following two draft Taxation Determinations:

  • TD 2019/D6 Income tax
  • TD 2019/D7 Income tax

• The Tax Institute | Letter regarding the Accountants' Exemption

  30 Sep 2019

  We refer to recent media commentary which indicates that your office may be considering a possible reintroduction of the accountants’ exemption in a limited form. The Tax Institute commends this consideration.

• Review of the Tax Practitioners Board - Discussion Paper

  12 Sep 2019

  The Tax Institute welcomes the opportunity to make a submission to Treasury in relation to the Review of the Tax Practitioners Board (Review) in response to the August Discussion Paper (Discussion Paper). This review is an extremely important review given the role of the Tax Practitioners Board (TPB) to govern and regulate the tax profession.

• TTI Superannuation Reforms Priority List – Proposed solutions – Residency of SMSFs

  30 Aug 2019

  We refer to the Superannuation Reforms Priority list we submitted to Treasury and the Australian Taxation Office on 21 June 2018 (refer Annexure A). We also refer to our meeting with Treasury and the Australian Taxation Office on 1 August 2018. During that meeting Treasury indicated that it would be interested in hearing suggested solutions in relation to the reform issues we raised in our Superannuation Reforms Priority list.

  The purpose of this letter is to outline our suggested solution in relation to the ‘residency status for self-managed superannuation funds’ (SMSF) issue raised in our Superannuation Reform Priorities List.