Objective 2.2

Regulatory settings and standards that enhance competitiveness

Action 2.2D

In progress

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.

Department of the Treasury

Outcome 2
Outcome 2
Best-practice systems and rules across Australia
Industry
recommendation/s
Description
Government response
Related Action/s
6A

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).
Noted
Action 2.2C
Action 2.2D

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.