As we head into the Easter long-weekend, the Federal Government is mulling over the release of its Commission of Audit report.
The Commission was established by the Government as an independent body to review and report on the Government’s performance, functions and roles.
The report is expected to be released publicly next week and will contain recommendations for wide-ranging and substantial reductions in government spending, including suggested changes to the size and operations of government departments and agencies.
The Government’s response to the Audit report will be detailed in the May Budget, which may also contain new revenue measures to assist in addressing the deficit.
Technical Committees at The Tax Institute
A quick reminder to members about the opportunity to become a member of the Tax Institute’s technical committees.
I encourage members who wish to become involved in the technical committees to consider the new structure (that was outlined in my previous blog post) and express your interest in being involved with a particular committee that aligns most closely with your expertise and ability to contribute. To do so, please email us at Tax Policy indicating the committee(s) of interest as well as a brief outline of your relevant experience as soon as possible.
Australia’s top lawyers
And finally this week, congratulations to the members who were named in the Financial Review’s list of Australia's top lawyers. Being chosen through an exhaustive evaluation survey of their professional peers is a wonderful achievement indeed.
Robert Jeremenko CTA is Senior Tax Counsel of The Tax Institute.
The Tax Institute is Australia’s leading professional association in tax. Its 13,000 members include tax agents, accountants and lawyers as well as tax practitioners in corporations, government and academia.