ARTICLE · 15 NOVEMBER 2013

Update on backlog of proposed tax and superannuation changes

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The Government will be dealing with the final backlog of announced, but unlegislated, tax and superannuation measures.

AustraliaTax

Michael Van Schaik

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The Federal Treasurer announced on 6 November 2013 that the Government will be dealing with the final backlog of 92 measures of announced, but unlegislated, tax and superannuation measures. Further, the Government stated it is determined to resolve all policies relating to these matters by 1 December 2013 for inclusion in the Mid-Year Economic and Fiscal Outlook (MYEFO). Assistant Treasurer Arthur Sinodinos, with assistance from the Board of Taxation will undertake consultation with tax experts, including a number drawn from the Board's advisory panel, over the next two weeks with an intention not to proceed with the remaining 64 measures.

The Government intends that the bulk of the legislation that is to be progressed should be passed by the Parliament by 1 July 2014.

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