13 May 10 Assistant Treasurer says pre-Budget consultations on tax measures successful
In media release No 2010/101, 13 May 2010, the Assistant Treasurer, Senator Nick Sherry, commented on the Government's confidential and comprehensive pre-consultation process on several tax reform measures contained in the 2010-11 Budget.
This is the first time such structured pre-consultation with the private sector has been employed in the Budget context.
The pre-consultation utilised the Tax Design Advisory Panel, which was established by the Rudd Government in 2009 to facilitate greater private sector and practitioner advice on tax policy and legislative design.
"I had been in discussions with industry for some time on ways to integrate a consultation step into Budget tax measures, so I'm very pleased to be able to announce this process has become a reality and has proved quite constructive," said the Assistant Treasurer.