Australia's Future Tax System

No. 2008/02
10 December 2008

Tax review releases consultation papers and calls for continued community input

The Australia’s Future Tax System Review Panel today released its consultation paper, providing the basis for further community input into 2009.

In releasing the paper, the Review Panel highlights how the tax‑transfer system plays a fundamental role in Australia’s social and economic infrastructure, and how the system can have a profound influence on the opportunities available to Australians.

The release of the paper follows the recent public submission process where a wide range of ideas, views and issues were received from people and organisations across the entire community.

The paper reports on the views expressed in submissions, discusses some of the main issues and outlines further questions. The answers to the questions will help the Panel shape its recommendations for the final report in December 2009.

The Panel will continue to draw upon the submissions already provided to the review, and plans to build on these initial steps through supplementary submissions. People can make supplementary submissions to the review up to 1 May 2009.

There will also be further consultations, a series of technical papers to provide an informed basis for ongoing debate, and a high level conference to consider the major issues.

Release of retirement income consultation paper and call for submissions

The Panel also released its separate consultation paper on retirement income today and called for submissions on the specific issues facing the retirement income system.

The closing date for retirement income submissions is Friday 27 February 2009.

The Panel will report to the Treasurer by the end of March 2009 so the Government can examine the findings of Dr Harmer’s review of pensions in conjunction with the Panel’s review of the other aspects of the retirement income system.

More information

Please visit www.taxreview.treasury.gov.au or call 1800 614 133 for copies of the papers and more information on the review.

Media Contact: Tony Murray (02) 6263 3736