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CPA Australia backs Board of Taxation review into red tape

AUSTRALIA’s largest accounting body, CPA Australia, has welcomed Treasurer Jim Chalmers’ announcement that the Board of Taxation is being tasked with identifying ways to reduce compliance burdens and red tape in the business tax system as part of its commitment to boost productivity and stimulate economic growth.

CPA Australia has outlined its top three compliance issues that it believes will require fixing as part of the government’s productivity reforms, which have been determined in collaboration with senior members. They are:

  • Simplify BAS reporting and expand simplified trading stock rules;
  • Introduce a simplified FBT regime for small business;
  • Fix technical legislative GST provisions that are unworkable for taxpayers, tax agents and the ATO.

CPA Australia’s tax lead, Jenny Wong, is urging the Board of Taxation to prioritise practical reforms that will deliver immediate benefits for small businesses.

“Simplifying BAS reporting and expanding simplified trading stock rules are some steps that would cut compliance costs and free up business owners to focus on running their business,” she said.

“The complexity of Australia’s fringe benefits tax (FBT) regime is another area ripe for reform. Small businesses should not face the same compliance load as large corporates, yet many currently spend more on FBT record-keeping than on their actual liability. We encourage the government to follow the New Zealand example and consult on a review of FBT to make it less complex and more targeted.

“This review also provides an opportunity to fix longstanding technical flaws in GST law that have frustrated businesses and advisers for decades. Addressing unworkable provisions is not tax reform, it is simply making the law function as intended.

“Cutting tax red tape must mean simplifying what’s broken, not adding new layers of complexity.”

Ms Wong added her congratulations to Andrew Mills on his appointment as acting Chair of the Board of Taxation for a three-month period effective October 1, 2025.

Ms Wong also welcomed news that the Productivity Commission is set to begin its scheduled five-year review of GST distribution, but said that decisions about state distribution should not distract from broader tax reform priorities.  

“Reform of the GST is central to resolving the structural weaknesses in Australia’s tax system,” she said. “Most tax specialists believe that increasing the GST is the key to broadening the overall tax base and reducing the reliance on personal income tax, which would put more money in people’s pockets and ultimately generate more revenue to help drive economic growth.

“It’s crucial that the inevitable wrangling between the states about how the GST is carved up does not distract from these broader objectives.”

 

About CPA Australia   

CPA Australia is Australia’s leading professional accounting body and one of the largest in the world. It has more than 175,000 members in over 100 countries and regions. Core services include education, training, technical support and advocacy. CPA Australia provides thought leadership on local, national and international issues affecting the accounting profession and public interest. It engages with governments, regulators and industries to advocate policies that stimulate sustainable economic growth and have positive business and public outcomes. A CPA is a Certified Practising Accountant. 

cpaaustralia.com.au

 

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ASMOF vindicated as Court ruling delivers boost for psychiatrists and NSW mental health system in crisis

ASMOF – The Doctors Union – has welcomed a landmark ruling by the NSW Industrial Relations Commission today, which it said vindicated its case and delivered an appropriate pay increase to support NSW psychiatrists and ease pressure on the mental health system in crisis.

ASMOF councillor Ian Korbel said the decision was an important victory for psychiatrists and the mental health patients they care for.

“This is a major win for psychiatrists across NSW, who, since January this year, have courageously put their livelihoods and careers on the line to stand up for a better mental health system for their patients," Dr Korbel said.

“Today, after months of hearings, expert testimony and extensive deliberation, the NSW IRC has finally accepted ASMOF’s arguments that there was a crisis in the NSW mental health system, which was having an adverse impact on the community, and something urgently needed to be done about it.

“In its ruling, the Commission accepted that this crisis was caused by an acute shortage of psychiatrists in NSW, caused by low pay and unsustainable working conditions and as such, ruled that a 20% attraction and retention allowance should be granted to help address the crisis

“This is an appropriate, modest and necessary pay increase that will help bring psychiatrist remuneration in line with other states and territories.

“It will help to attract and retain the psychiatrists we urgently need to shore up the crumbling NSW mental health system.”

While welcoming the decision, Dr Korbel said it was disappointing that the Commission did not rule in favour of other critical reforms ASMOF has proposed, focused on boosting the psychiatrist workforce in NSW.

“While the decision on the attraction and retention allowance for psychiatrists was a welcome step forward, it was disappointing that the Commission did not rule in favour of other critical measures ASMOF proposed be included in an updated Award," Dr Korbel said.

“These included the establishment of a joint staffing committee to address workforce shortages and the provision of appropriate support for psychiatrist trainees.

“Sadly, there is now little incentive for psychiatry trainees to start or continue their training in NSW, placing the future pipeline of psychiatrists for the NSW mental health system at risk.”

Dr Korbel said ASMOF would continue to work with the government to ensure that NSW health services were fit for purpose, with much work still to be done.

“Today’s landmark decision can begin the rebuilding process for NSW," he said. "We want to work with the government to make certain that patients get the care they need, in a system that has safe working conditions and adequate staffing, so that we can provide the best healthcare and support to mental health patients and their families.”

 

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Treaties Committee to examine UK Nuclear-Powered Submarine Partnership at public hearing

THE Joint Standing Committee on Treaties will hold a public hearing today for its inquiry into the Nuclear-Powered Submarine Partnership and Collaboration Agreement between the Government of Australia and the Government of the United Kingdom of Great Britain and Northern Ireland.

The committee will examine how this agreement strengthens Australia’s defence capabilities while also enhancing interoperability with the UK. The inquiry will explore the treaty’s legally binding framework for the transfer of nuclear-powered submarine technology, personnel training, and industrial collaboration.

Committee Chair, Lisa Chesters MP, said, "This agreement represents a major step forward in Australia’s bilateral defence relationship with the United Kingdom. It builds on decades of cooperation and reflects a shared commitment to regional stability and technological advancement.

"While it forms part of the broader AUKUS framework, this treaty is unique in its scope and ambition. The committee will assess how it supports Australia's long-term security interests and contributes to our sovereign capability through a direct partnership with the UK."

The committee will hear evidence from the Friends of the Earth Australia, Friends of the Earth Adelaide, the Australian Conservation Foundation, the Medical Association for Prevention of War Australia, Serco Asia Pacific, the Australian Submarine Agency, the Department of Defence, the Attorney-General’s Department and the Department of Foreign Affairs and Trade at the public hearing.

Public hearing details

Date: Thursday, 2 October 2025
Time: 1.30pm-5pm AEST
Location: Committee Room 2R1, Parliament House Canberra

The hearing will be broadcast live at aph.gov.au/live.

 

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House of Representatives Economics Committee to hear from Reserve Bank of Australia

THE House of Representatives Standing Committee on Economics will hold a public hearing with the Governor of the Reserve Bank of Australia (RBA), Michele Bullock, and other senior RBA officials, on Monday, September 22.

The Economics Committee in the 48th Parliament is continuing its biannual hearings.

"The hearings with the RBA have been an important mechanism to provide parliamentary scrutiny of the RBA," Committee Chair, Ed Husic MP said.

"As inflation continues to ease – and with recent cuts to interest rates here and abroad – now is a critical time for us to hear from the RBA about its views on the likely shaping of future monetary policy.

"It will also be the first hearing by the Economics Committee since the implementation of separate monetary policy and governance boards at the RBA."

Public hearing details

Date: Monday, September 22, 2025
Time: 11am – 2pm
Location: Committee Room 2R1, Parliament House, Canberra

The hearing will be broadcast live at aph.gov.au/live.

 

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Speaker flies the Parliament House flag in Brisbane schools

SPEAKER of the House of Representatives, Milton Dick MP is taking Parliament on the road, delivering his Parliament in Schools program and Australian Parliament House (APH) National Flag Roadshow across Brisbane schools this week in partnership with local Federal Members.

Students will receive a classroom education session, followed by a practical hands-on session, delivering a once in a lifetime experience.

The Parliament in Schools program is delivered in a classroom environment, utilising Parliamentary Education Office resources, teaching students about federation, democracy and the Australian Parliament. Students have the opportunity to hear first-hand from the Speaker and their local member on what a typical day looks like in their electorate and when they are in Parliament House for sitting weeks.

The APH National Flag Roadshow will teach students about the history and importance of our National Flag, finishing the program by furling the 12.8m x 6.4m APH National Flag on their school oval.

On Wednesday September 17, the Speaker will visited Silkstone State School, with the Federal Member for Blair, the Shayne Neumann MP; Goodna State School; and Springfield Lakes State School.

On Thursday September 18, the Speaker will visit Wellers Hill State School, with the Federal Member for Moreton, Julie-Anne Campbell MP; and Gumdale State School, with the Federal Member for Bonner, Kara Cook MP.

On Friday September 19, the Speaker will visit Coorparoo State School, with the Federal Member for Griffith, Renee Coffey MP; and Brisbane Central State School, with the Federal Member for Brisbane, Madonna Jarrett MP.

"My civics programs are multi-partisan initiatives to make civics education accessible to students regardless of their location," Mr Dick said.

"As Speaker of the House of Representatives, I recommit to uplifting civics education and knowledge across this country, and this starts with our youngest generation. This term I am committing to visiting all 150 electorates across the country.

"Not all students will get the opportunity to travel all the way to Canberra. This is why I am taking these programs on the road and bringing it to them," he said.

"Last parliament I visited over 160 schools across over 70 electorates – from King Island to Far North Queensland to Nullagine.

"These students are our future leaders, and it is important that we equip them with the information and tools they need, to go on to be active and engaged citizens.

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