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Have your say on our taxation matters.



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HAVE YOUR SAY ON OUR TAXATION MATTERS MEDIA RELEASE Wednesday, 1 March 2006

A federal parliamentary committee is conducting an inquiry to review a range of taxation issues within Australia. Member for Canning Don Randall encourages those in his electorate with strong views on the Australian taxation system to make a submission.

“Over the last year I met with many people who had administrative issues with the Australian Taxation Office (ATO),” said Mr Randall.

“Some of these people had well thought out and rational alternatives to the current ATO processes and procedures.

“The inquiry by the Joint Committee of Public Accounts and Audit is a great opportunity for these ideas to be evaluated and presented to parliament for consideration.

“Submissions may be in the form of a letter, a short document or a substantial paper. They must address the terms of reference and should contain facts, opinions, arguments and recommendations for action.” Mr Randall said.

The Joint Committee of Public Accounts and Audit resolves to inquire into and report on self assessments which involve complex legislation and result in a ruling; common standards of practice by the ATO across Australia, the level and application of penalties and a review of the Pay As You Go (PAYG) system.

The other focus of the inquiry is the application of the fringe benefit taxation regime. The committee will examine any “double taxation” consequences arising from the intersection of fringe benefits tax and family tax benefits.

Interested persons have until Friday March 10 to make a submission.

The full terms of reference for the inquiry and further information on how to make a submission can be found at www.aph.gov.au/house/committee/jpaa/index.htm