The Australian and Japanese Governments have both introduced a tax consolidation regime effective fiscal year 2002103. The two regimes have many similarities. In particular, they both mandate 100 per cent ownership as the threshold for consolidation, consolidation is voluntary but if elected all...

In 2005 the EU’s ETS became the first mandatory scheme to be implemented. The 2012 Australian ETS was based on the EU precedent and the plan, before the Australian ETS was repealed, had been to link the two regimes. The EU scheme suffered a serious setback early on when the market price for EU...

In both his 2013 and 2014 annual reports the Australian Inspector-General of Taxation wrote of the need to consider the adoption of a taxpayers' bill of rights in Australia. Whilst a charter of taxpayer rights has been a feature of ATO administration for almost two decades it does not provide a...

In contrast to countries such as Malaysia, Singapore and the United Kingdom, Australia has reacted belatedly to the phenomenon that is Islamic Finance. Nevertheless, there is no evidence that the delay is the result of a deeper consideration of the issues. The terms of reference provided to the...

The “technological revolution” is influencing almost all aspects of our lives. Certainly the law has not been immune from its influence. Legal practice in Australia is currently undergoing a major disruption. Tax law has been at the vanguard of this phenomenon. The massive amount of...

The Australian Federal Budget of 2016/17 contains a surprising number of tax changes. This paper analyses the known details of the proposals as well as reviewing those proposed by the main opposition party

The approach to administration of the Australian tax system has, over time, fluctuated between an adversarial and a co-operative approach. Currently, consistent with a move to a responsive regulatory strategy, the Australian Tax Office (“ATO”) has expressed its desire for a co-operative...

The hierarchy of the Australian Tax Office (“ATO”) presents a picture of the ATO being in a partnership with the tax profession. It is suggested that the relationship is, or should be, one of co-operation with the aim to maximize voluntary compliance with the tax system by taxpayers.Such a...