IGT Review into GST Refunds – Report recommends improvements in ‘automated risk assessment tools’; notifying commencement of objection rights; awareness of hardship consequences and remedies

Tax Month - August 2018

On 16 August 2018, the Inspector-General of Taxation (IGT) released his report into the ATO’s verification of GST refunds (before releasing the funds to the taxpayer). The IGT’s review into Goods and Services Tax (GST) refunds arose from concerns raised through the IGT’s complaints handling service and during consultation, to develop his 2017 work program. These…

Treasury Laws Amendment (OECD Multilateral Instrument) Act 2018 – to give force of law to the MLI in Australia, which in turn defines when it comes ‘into force’ and then ‘affects’ the relevant ‘bilateral treaty’

Tax Month - August 2018

On Friday 24 August 2018 (the same day Australia got a new Prime Minister) the Treasury Laws Amendment (OECD Multilateral Instrument) Bill 2018 gained Royal Assent as Act No. 83 of 2018 (having passed the Lower House on 14 August 2018 and the Senate on 16 August). The effect of this Bill will be to amend the…