The unfinished business of Australian income tax reform

04 March 2010

Tax reform is once again squarely on the Australian policy agenda, with the review of Australia’s Future Tax System (the Henry Review or the review) now under consideration. Although personal income tax has been reshaped over many years and undoubtedly lightened over the past 10 years, those changes have left some of the major failings of the personal income tax system in place. Personal income tax reform should be a result of the Henry Review along with the other policy areas it is targeting.

Noticeboard

22 March 2012

The Attorney-General's Department has launched a new inquiry to explore the scope for reforming Australian contract law. There will be a three-month consultation period.

07 March 2012

In May 2011 the Federal Government announced that the Australian Charities and Not-for-profits Commission (ACNC) would commence operations from 1 July 2012 and that it would initially be responsible for determining the legal status of groups seeking charitable, public benevolent institution, and other not-for-profit (NFP) benefits on behalf of all Commonwealth agencies. 

07 February 2012
The Productivity Commission has been asked to report within 8 months on Default Superannuation Funds in Modern Awards. The inquiry covers the design of criteria for the selection and ongoing assessment of superannuation funds for nomination as default funds in modern awards.