Cleary Hoare regularly makes submissions on changes to legislation affecting our clients. Please find below links to our submissions.
To ensure our clients are effectively represented when it comes to legislative and administrative change, we proactively monitor and respond to government media releases. Listed below are some of our submissions for you to review.
PROPOSED BLACK ECONOMY MEASURES SUBMISSION TO TREASURY
21 December 2018
In 2018, Treasury released a consultation paper on propsosed black economy measures.
Cleary Hoare made a submission which you can access by clicking here - Submission on Black Economy Amendments
PROPOSED AMENDMENTS TO DIVISION 7A SUBMISSION TO TREASURY
21 November 2018
In 2018, Treasury released a consultation paper on propsosed amendments to Division 7A.
Cleary Hoare made a submission which you can access by clicking here - Letter to Treasury on Division 7A Amendments
REVIEW OF SMALL BUSINESS TAXATION SUBMISSION TO BOARD OF TAXATION
5 July 2018
In 2018 the Board of Taxation announced they were conducting a review of the taxation of small businesses.
Cleary Hoare made a submission which you can access by clicking here - Letter to Board of Taxation on Small Business Taxation
MODEL LITIGANT OBLIGATIONS SUBMISSION TO SENATE
28 February 2018
At the end of 2017, Senator David Leyonhjelm introduced the Judiciary Amendment (Commonwealth Model Litigant Obligations) Bill 2017 to the Senate. The purpose of the bill is to broaden the Commonwealth Ombudsman's investigative powers, which will bring within its ambit the power to enforce model litigant obligations against Commonwealth litigants, such as the Australian Taxation Office ("ATO").
Cleary Hoare made a submission relating to the Bill which you can access by clicking here - Submission to Senate on Model Litigant Obligations
CHANGES TO SMALL BUSINESS CONCESSIONS SUBMISSION TO TREASURY
In the 2017 Budget the Federal government announced that they would be making changes to the CGT Small Business Concessions to "improve integrity".
Cleary Hoare made a submission relating to the proposed changes and their impact on private business clients which you can access by clicking here - Submission to Treasury on Changes to Small Business Concessions 2018
RE:THINK TAX WHITE PAPER SUBMISSION TO TREASURY
1 June 2015
On 30 March 2015, the Treasurer released the White Paper “Re:think” on the taxation system in Australia and called for submissions on improving the taxation system by 1 June 2015.
Cleary Hoare Solicitors made a submission on 1 June 2015, concentrating on three taxation issues affecting private business that could be improved, a copy of which can be accessed by clicking HERE.
REVIEW OF TAX IMPEDIMENTS TO SMALL BUSINESS SUBMISSION TO THE BOARD OF TAXATION
23 May 2014
On 28th March 2014, the Acting Assistant Treasurer, the Minister for Small Business and the Parliamentary Secretary to the Treasurer announced that the Board of Taxation would conduct a review to identify features in the tax system that are hindering or preventing small businesses from reaching their commercial goals.
As a fast-track review with a reporting date of 31 August 2014, the Board sought submissions which identified the most serious tax system impediments that small businesses face in achieving their commercial goals, along with a sense of their relative priority.
Cleary Hoare Solicitors made a submission to the Board on 23 May 2014, a copy of which can be accessed by clicking HERE.
POST-IMPLEMENTATION REVIEW OF DIVISION 7A OF PART III OF THE INCOME TAX ASSESSMENT ACT 1936 TREASURY CONSULTATION PAPER
9 May 2014
On 18 May 2012, the then Assistant Treasurer announced that the Board would undertake a post implementation review of Division 7A of Part III of the Income Tax Assessment Act 1936, which was to be completed by 30 June 2013. On 8 November 2013 the Assistant Treasurer announced an extension to these terms of reference and extended its reporting date to 31 October 2014.
On 20 December 2012 the Board of Taxation released its first discussion paper on the post implementation review of Division 7A of Part III of the Income Tax Assessment Act 1936.
On 25 March 2014 the Board of Taxation released its second discussion paper on the post implementation review of Division 7A of Part III of the Income Tax Assessment Act 1936.
Cleary Hoare Solicitors made a submission to Treasury as part of the consultation process on 9 May 2014, a copy of that submission can be accessed by clicking HERE.
STANDING UP FOR OUR CLIENTS LETTER TO THE AUSTRALIAN TAXATION OFFICE
26 July 2013
Cleary Hoare Solicitors regularly makes submissions on matters directly relevant to our clients. We recently made a submission outlining in our view why the Commissioner's views in draft Taxation Determination TD2013/D5 are incorrect and whether the arrangement was in effect dividend stripping. Click HERE to read an edited version of our submission to the Australian Taxation Office.
PART IVA AMENDMENTS - PROPOSED CHANGES TO GENERAL ANTI-AVOIDANCE RULE TREASURY CONSULTATION PAPER
10 December 2012
On 1 March 2012, the Australian Government announced its intention to introduce amendments to ensure the continued effectiveness of the general anti-avoidance rule in Part IVA of the Income Tax Assessment Act 1936.
Draft legislation and explanatory memorandum were released by Treasury on 16 November 2012 for public consultation.
Cleary Hoare Solicitors made a submission to Treasury as part of the consultation process on 10 December 2012, a copy of that submission can be accessed by clicking HERE.
CONSULTATION PAPER - MODERNISING THE TAXATION OF TRUST INCOME - OPTIONS FOR REFORM TREASURY CONSULTATION PAPER
21 November 2011
On 16 December 2010, the Assistant Treasurer announced that the Government would conduct a public consultation process as the first step towards updating the trust income tax provisions in Division 6 of Part III of the Income Tax Assessment Act 1936 and rewriting them into the Income Tax Assessment Act 1997.
On 21 November 2011 the Assistant Treasurer subsequently released a consultation paper outlining a number of options for reform, ranging from minor changes to the current operation of Division 6 to the introduction of a new model for the taxation of trust income.
We made a submission to Treasury as part of the consultation process on 10 February 2012, a copy can be accessed by clicking HERE.