Penny Wong (SA, Australian Labor Party, Minister for Finance and Deregulation) Share this | Hansard source

The Treasurer has provided the following answer to the honourable senator's question:

(1) Yes.

(2) The Government is considering the best way of establishing and structuring the Institute, including the design of its governance arrangements.

(3) See answer to Question (2). In the 2011-12 MYEFO, the Government announced that it would provide $3 million over three years to establish the Tax Studies Institute. The Institute will also have deductible gift recipient status.

(4) Treasury officers have consulted a range of interested parties, including academics, industry, tax practitioners and state government representatives. A number of options and models for the Institute were discussed. We are still receiving feedback from stakeholders. The Government is factoring this input into its consideration of the issue.