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In media release No 2012/48 issued 30 October 2012, the ATO announced that the Commissioner, Michael D'Ascenzo, had signed an historic Annual Compliance Arrangement (ACA) with Alcoa of Australia Limited (Alcoa) whilst in Perth.

The arrangement is a first between the ATO and an Australian company and the ATO says that it represents a major step forward in an open and transparent relationship.

"Other Australian companies have entered into an ACA but this arrangement covers income tax, fringe benefits tax, GST and excise and is a real indication of Alcoa's commitment to openness around tax governance and compliance," Mr D'Ascenzo said.


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