Regulation Impact Statement Updates

Official website for publishing regulatory impact analysis information for regulatory decisions announced by the Australian Government, COAG and COAG Councils.

Remedial power for the Commissioner of Taxation

Aust Gov
1st June 2016

Regulation Impact Statement – Department of the Treasury

On 17 March 2016, the Treasurer introduced legislation to provide the Commissioner of Taxation with a power to remedy the tax law to apply as intended in more circumstances.

A Regulation Impact Statement (RIS) prepared by the Department of the Treasury has been assessed as compliant and consistent with best practice by the Office of Best Practice Regulation.

The RIS estimates the creation of the remedial power will not change the current regulatory burden. The OBPR agreed to this estimate.

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