The ATO on Thur 10.10.2013, released Practice Statement Law Administration PS LA 2013/4 to provide guidance to ATO personnel participating in tax law design, particularly in relation to how the draft law might operate once its enacted. Broadly, it states tax law design involves consultation with business and community representatives as well as collaboration with Treasury, and this process continues after the draft law has been enacted.
Specifically, the PS LA outlines the Treasury/ATO Protocol, which describes each agency’s roles and responsibilities to various aspects of the tax law design process. It states that within the framework set out in the Protocol, the ATO’s role is to provide high quality input into the development of tax policy and law which involves providing advice to Treasury on the administrative and interpretative aspects of proposed tax laws.
DATE OF EFFECT: Applies from Thur 10.10.2013.
[LTN 196, 10/10/13]