Wayne Swan (Lilley, Australian Labor Party, Treasurer) Share this | Hansard source

The answer to the honourable member’s question is as follows:

The Australia’s Future Tax System (AFTS) Report provides a long-term blue print for the tax and transfer system. As the report states, it was not designed to be implemented as a ‘...one-off tax policy package.’

The Government’s Stronger, Fairer, Simpler tax plan has acted on a number of the AFTS recommendations and is a substantial first step towards improving our existing tax system. The following measures tackle the need for reform in the areas of personal tax, superannuation, business tax and resource taxes.

Personal Tax

Superannuation

Business Tax

Resource Taxes

The Stronger, Fairer, Simpler package demonstrates the considerable progress the Government has made on tax reform.

The Government has also announced other tax measures consistent with AFTS recommendations including:

When the Government released its initial response to the AFTS Review, we said very clearly that there would be a wide-ranging discussion about many of the issues it raised.

The upcoming tax forum and subsequent parliamentary debate will be an opportunity to continue this public discussion and contribute to the consensus building process that is essential to ensuring support for long-term tax reform.

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