Regulatory settings and standards that enhance competitiveness
The Government will continue to Chair the Tax Reference Working Group of the Asia Region Funds Passport to ensure collaboration and cooperation across participating Passport economies.
Develop accessible, user-friendly tools that give greater clarity to foreign investors on how they will be taxed in Australia (such as detailed ‘scenario-based’ taxation guides based around the categories of financial products specified in the APEC Asia Region Funds Passport).
Progress to date
The Treasury leads and chairs the Tax Reference Working Group – a forum of tax experts established specifically to discuss tax issues and ensure collaboration and cooperation across the participating Asia Region Funds Passport economies.