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ARTICLE · 17 NOVEMBER 1998

Tax Bulletin 17 November 1998

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AustraliaFinance and Banking
Government's Senate inquiry into Tax Reform

Following discussions with the independent Senators, the Government has proposed terms of reference for an inquiry by the Senate into the tax reform proposals. The reporting date of 15 February 1999 is indicated as giving sufficient time for issues to be examined thoroughly, while allowing the Government's legislative timetable to be met (ie legislation be passed by 1 July 1999). The proposed terms of reference for the inquiry include:

The Economics Legislation Committee report on the effects of equity, efficiency and compliance costs of including or not including food in the GST, together with any related adjustments to the tax package if food were GST zero-rated.

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