The Office of the United States Trade Representative has confirmed that the twelfth round of negotiations, held recently outside Dallas, Texas, on the proposed extension to the Trans-Pacific Partnership, between Australia, Brunei, Chile, Malaysia, New Zealand, Peru, Singapore, the US and Vietnam, made better-than-expected progress. Read Full Story
The Australian government is to introduce a new regulatory framework for the not-for-profit sector, to be overseen by an Australian Charities and Not-for-profits Commission. The government will, however, push back the enforcement date for the revised governance and financial reporting standards. Read Full Story
Australian Assistant Treasurer David Bradbury has announced the formation of an expert roundtable to assist with the implementation of the government's clarifications of the definition of 'tax benefit' under Australia's general anti-avoidance rule. Read Full Story
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