Submissions

The IPA regularly contributes submissions to Government and regulatory authorities on subjects that will impact, or have the potential to impact, IPA members and the profession as a whole. Submissions are made either jointly by the three professional bodies or each body independently.

These submissions rely on feedback provided by a wide range of members to ensure they accurately reflect the opinions of the profession. Members are encouraged to give feedback so that it may be incorporated into the IPA's full, formal submission. To provide feedback, please contact the Executive General Manager Public Affairs, Vicki Stylianou, via email or phone on (03) 8665 3100.

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Tag : Lobbying and Advocacy


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JAB: IAASB - Proposed International Standard on Assurance Engagements ISAE 3410 Assurance Engagements on Greenhouse Gas Statements

Friday, 8 June 2012

The JAB recognise the central role of assurance services in the increasing worldwide efforts to record and reduce levels of greenhouse gas emissions. We strongly support development of an international standard for assurance engagements on greenhouse gas statements.

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JAB: AUASB - ED 01/12 Proposed Standard on Assurance Engagements ASAE 3410 Assurance Engagements on Greenhouse Gas Statements

Friday, 8 June 2012

Guidance for the assurance practitioner on how to meet existing applicable Australian legislative and regulatory requirements when conducting an engagement under ASAE 3410 is critical. Our preference is for this guidance to be issued simultaneously with the standard. We recognise this may require revision of the proposed issue/effective dates to allow for the guidance to be developed.

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JAB: IPSASB - Presentation in General Purpose Financial Reports

Thursday, 7 June 2012

There is much that is commendable about the IPSASB’s decision to expose its thinking on this important topic prior to it being addressed by the IASB. However, given that the IASB has both the completion of its conceptual framework and a review of disclosure requirements high on its agenda we encourage the IPSASB to closely monitor the work by the IASB in this area.

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Joint submission - Treasury: TR 2012/D1 Income Tax: Meaning of 'income of the trust estate' in Division 6 of Part III of the Income Tax Assessment Act 1936 and related provisions

Thursday, 24 May 2012

It is our strong view that the views set out in the draft ruling, especially in comparison to long-held industry views on the same subject matter are likely to give rise to considerable additional confusion for taxpayers and tax agents seeking to ensure compliance with the rules governing the taxation of trusts.

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Joint Submission - Treasury: Draft TR 2012/D2 Assessability of amounts received in respect of legal costs incurred in disputes concerning termination of employment

Wednesday, 16 May 2012

The joint bodies agree with the general reasoning that underlines the Commissioner’s preliminary view that an amount received in relation to a dispute concerning termination of employment is not an ETP, nor forms part of an ETP, where the amount is capable of being identified as relating specifically to legal costs.

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Joint Submission - Treasury: Draft Goods and Services Tax Ruling GSTR 2012/D2

Friday, 20 April 2012

The Professional Bodies welcome the opportunity to comment on Draft Goods and Services Tax Ruling GSTR 2012/D2.The Draft Ruling deals with the question of identifying the supply or supplies, if any, that has or have a nexus or connection with exit payments payable by residents, (or the legal representative of deceased residents), when they leave retirement villages operated on a lease or licence basis.

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Joint Submission - Treasury: Draft Practice Statement PS LA 3541

Friday, 20 April 2012

The Professional Bodies welcome the opportunity to comment on Draft Practice Statement PS LA 3541 . It is vital that the supplies of food and beverages are correctly and uniformly classified for GST purposes and the Professional Bodies support measures which contribute to achieving these twin objectives.

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Joint Submission - Treasury: Draft Practice Statement PS LA 3569

Friday, 13 April 2012

The Draft Practice Statement provides clarification of the reporting hierarchy and procedures internal to the Australia Tax Office (ATO) when applying the Commissioner's formal access and information gathering powers.

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Joint Submission: Treasury - Draft Taxation Determination TR 2011/D7

Friday, 9 March 2012

The joint bodies believe that as with all tax rulings, it is vital that the final Ruling be comprehensive in its discussion of the issues, readily applicable to fact patterns not specifically dealt with in the Examples, and clear and easy for the reader to understand.

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IPA: Treasury - Modernising the taxation of trust income – options for reform

Wednesday, 7 March 2012

The IPA commends the Government for undertaking a broad review of the trust income tax provisions and making good it’s undertaking to an extensive public consultation process.

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Joint Submission: Treasury - Draft Taxation Determination TD 2012/D2

Monday, 5 March 2012

Whilst the Professional Bodies agree in principle with most of the statements made by the ATO in the Draft Determination, the Professional Bodies do have some concerns on certain aspects of the Draft Determination and would appreciate clarification on a few points.

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Joint Submission: Draft Taxation Ruling TR 2011/D8

Monday, 5 March 2012

The Professional Bodies welcome the additional guidance provided in the Draft Ruling compared to the draft fact sheets, notwithstanding alternate views may still exist to those expressed in the Draft Ruling.

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