Taxation

It is the role of the Treasury to provide advice on effective tax and retirement income arrangements that contribute to the overall fiscal outcome, influence strong sustainable economic growth for the good of the Australian people. The Treasury is responsible for assessing and advising on the general design of the tax system and its components, and retirement income policy, in relation to economic efficiency, equity, income distribution, budgetary requirements and economic feasibility.

Consultations

-
Open
The government is consulting on draft legislation to modernise the Luxury Car Tax (LCT). In the 2023–24 Mid‑Year Economic and Fiscal Outlook, the government announced that from 1 July 2025 it…
-
Open
The Australian Government is consulting on the Treasury Laws Amendment (Self-managed superannuation funds—legacy retirement product conversions and reserves) Regulations 2024 (draft regulations). The…
-
Open
In the 2023–24 Budget, the government announced the small business package ‘Driving Collaboration with Small Business to Reduce the Time Spent Complying with Tax Obligations’. This package would…