Expanding Australia’s Tax Treaty Network, Treasury

To support the expansion of Australia’s tax treaties network, submissions from stakeholders are sought from 16 September 2021 to 31 October 2021.

The Government is expanding Australia’s tax treaty network with a plan to enter into 10 new and updated tax treaties by 2023, building on our existing network of 45 bilateral tax treaties, as announced in the Treasurer’s media release.

Negotiations with India, Luxembourg and Iceland are occurring this year as part of the first phase of the program. Negotiations with Greece, Portugal and Slovenia are scheduled to occur next year as part of the second phase.

Submissions are sought on the key outcomes Australia should seek in negotiating these tax treaties and any other issues related to Australia’s tax treaty network.

Details of Australia’s existing tax treaties are available on the Treasury website.

The closing date for submissions is 31 October 2021.


Laminaria-Corallina Decommissioning Levy, Treasury

The Government has announced it will introduce a temporary levy on offshore petroleum production. The levy will recover the Commonwealth’s costs of decommissioning the Laminaria-Corallina oil fields and associated infrastructure. Imposition of the levy is to ensure taxpayers are not left to pay for the decommissioning and remediation of production facilities and associated infrastructure in the Laminaria and Corallina oil fields.

It is intended that the levy will apply to registered holders of petroleum production licences under the Offshore Petroleum and Greenhouse Gas Storage Act 2006. The levy will be at a standardised rate of 48 cents per barrel of oil produced in each levy year. The Australian Taxation Office will administer the levy.

Feedback from stakeholders is sought on the Exposure Draft legislation, Exposure Draft Administration Bill and Exposure Draft Imposition Bill.

The closing date for submissions is 23 September 2021.


Social Security Legislation Amendment (Remote Engagement Program) Bill 2021 [Provisions], Senate Finance and Public Administration Committee

On 2 September 2021 the Senate referred the provisions of the Social Security Legislation Amendment (Remote Engagement Program) Bill 2021 for inquiry and report by Thursday, 14 October 2021.

The closing date for submissions is 20 September 2021.

The Bill will provide a framework for piloting new approaches to delivering employment services in remote communities, ahead of implementing the Government’s Budget announcement that the Community Development Program (CDP) will be replaced in 2023.


Implementation of COVID-19 measures: Inquiry into Auditor-General Reports Nos. 20, 22, 23, 24 and 39 (2020-21), Joint Committee of Public Accounts and Audit

The Joint Committee of Public Accounts and Audit is conducting an inquiry into matters contained and associated with various Auditor-General’s Reports, which include Report No. 23 (2020-21) Services Australia COVID-19 Measures and Enterprise Risk Management, and Report No. 24 (2020-21) The Australian Taxation Office’s Management of Risks Related to the Rapid Implementation of COVID-19 Economic Response Measures.

The Committee invites submissions to the inquiry, addressing the terms of reference by Friday, 8 October 2021.

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