Australian Bankers' Association Inc.

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Submissions


Tax

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Australian Bankers’ Association’s submission to The Treasury on Tax Agent Services Act (TASA): Tax Laws Amendment (2013 Measures No.#) Bill 2013: Tax agent services
11 March 2013
Australian Bankers’ Association’s submission to The Treasury on Tax Agent Services Act (TASA): Tax Laws Amendment (2013 Measures No.#) Bill 2013: Tax agent services
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Australian Bankers’ Association’s submission to The Treasury on Amendments to the Taxation of Financial Arrangements (TOFA) Stages 3 & 4
15 February 2013
Australian Bankers’ Association’s submission to The Treasury on Amendments to the Taxation of Financial Arrangements (TOFA) Stages 3 & 4
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Australian Bankers’ Association’s (ABA) submission to Business Tax Working Group Secretariat, The Treasury re Business Tax Working Group Discussion Paper
21 September 2012
The ABA agrees with the Working Group that Australia should have an ambition to reduce its corporate tax rate over the medium term. A lower rate would improve productivity, drive GDP growth and should lead to increased tax collections for the Government. And as banks are linked to Australia’s economic performance – GDP improvements could also benefit banks because businesses and individuals should increase their demand for banks’ products and services.
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Australian Bankers’ Association’s (ABA) submission to Treasury re Changes to ADI prudential standards from 1 January 2013 – Submission as to necessary income tax change
16 July 2012
The ABA would like to see a change to the Income Tax Assessment Act 1997 (ITAA) in order to mitigate adverse commercial consequences for Australian ADIs and non-operating holding companies (NOHCs) and other regulated financial institutions, from 1 January 2013, as a result of changes to prudential capital standards.
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Australian Bankers’ Association’s (ABA) submission to Treasury re Review of Australia’s Transfer Pricing Rules
2 February 2012
In this submission, the ABA provides comments on the review and potential prospective rewrite of Australia’s transfer pricing provisions which are contained in Division 13 of the Income Tax Assessment Act 1936 (‘Division 13’) and the retrospective legislative changes which were announced by the Assistant Treasurer in the Media Release No 145.
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Australian Bankers’ Association (ABA) position statement to Treasury re Tax Forum 4-5 October 2011
12 September 2011
The Australian Bankers’ Association (ABA) will put forward proposals to encourage more saving by proposing further tax breaks for bank customers, urge the Government to make it easier for staff with children to stay in work and support changes to State tax arrangements leading to national harmonisation. The Tax Forum will be held on October 4 – 5, 2011.
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Australian Bankers’ Association submission on Notice 2010-60 to the Internal Revenue Service, Washington
1 November 2010
While the Australian Bankers’ Association agrees broadly with the comments submitted by the International Bankers Federation, it offers these comments concerning financial institutions in jurisdictions such as Australia that share a set of characteristics that make them so inhospitable to tax evasion by U.S. taxpayers as to render the application of Chapter 4 unnecessary and unjustifiable.
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Australian Bankers’ Association submission to Minister for Innovation, Industry, Science and Research on Tax Laws Amendment (Research and Development) Bill 2010
6 October 2010
The Australian Bankers’ Association (ABA) noted that this is an important piece of legislation for our members and recognises that there have been significant changes to the drafting, but a number of the ABA’s concerns have not been addressed and there will be extensive changes required to comply with the new regime.
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Australian Bankers’ Association submission to Treasury on Foreign Source Income Attribution Rules
1 March 2010
The Australian Banker’s Association (ABA)submission is primarily in response to the Treasury Paper concerning the foreign source income attribution rules released on 5 January 2010.
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Australian Bankers’ Association submission to Treasury on The New Research and Development Tax Incentive – Exposure Draft Legislation
5 February 2010
The Australian Bankers’ Association (ABA) supports the reform objectives of making the R&D tax incentive more effective in delivering support for business R&D and targeting that support to where it is most likely to produce benefits for the Australian community. However, as set out in our submission on the consultation paper on the design of the new scheme, dated 26 October 2009, the ABA also has some serious concerns with the effects the net changes will have on the wider Australian economy. Many of the changes will discourage innovation in essential areas that will be key enablers of productivity and efficiency gains, jobs and skill retention, and growth.

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Scam Alert

The Australian Bankers’ Association is warning of a telephone survey scam which is falsely using the ABA’s name in an attempt to de-fraud bank customers.