Despite the essential contribution of foreign investment to Australia’s economic growth and prosperity, the benefits of foreign investment are not well understood. This paper aims to provide further insights into foreign investment in Australia by examining the trends, the sources and the positive effects of foreign investment into Australia. The available data on foreign investment...

This report lists 290 tax expenditures and, where possible, provides an estimate of the dollar value or order of magnitude of the benefit to taxpayers. IntroductionA tax expenditure arises where the actual tax treatment of an activity or class of taxpayer differs from the benchmark tax treatment.

The Final Report of the Competition Policy Review (the Harper Review) made 56 recommendations on Australia’s competition framework spanning most sectors of the economy and with implications for all levels of government. On 24 November 2015 the Australian Government released its response to all recommendations. The Government will work with the States and Territories to...

The Australian Government commissioned an independent review to consider the capabilities of the Australian Securities and Investments Commission (ASIC). The review is a forward-looking, whole-of-agency exercise that assesses ASIC’s ability to meet its current and future objectives and challenges. It is not a performance review. In undertaking the review, the panel consulted extensively with businesses...

The Government has released its response to the Competition Policy Review ('the Harper Review').