The Taxation (Annual Rates, Foreign Superannuation, and Remedial Matters) Bill was introduced by the Minister of Revenue today. The bill proposes reforms to the taxation of foreign superannuation to make the rules simpler and easier to comply with, makes changes to the rules for specified mineral mining, and provides a minimum financial reporting framework for companies and potentially other taxpayers. For more information see the media statement and fact sheet on the proposed foreign superannuation transitional rules, the bill and its commentary, and the regulatory impact statements.

A tax policy officials’ issues paper released today seeks feedback on options to reform the tax treatment of land-related lease payments. For more information see the Minister of Revenue’s media statement and the issues paper, The taxation of land-related lease payments.