DSPANZ provided a submission on the Taxation (Annual Rates for 2023-24, Multinational Tax, and Remedial Matters) Bill on 14 July 2023.
This submission raised feedback on the following amendments:
- Trustee tax rate - deceased estates
- Taxation of backdated lump sum payments
- Remedial items - correcting extra pay inaccuracy.
More broadly, we recogised there may be a short time between the legislation passing and when many amendment take effect. DSPANZ encouraged the government to work alongside DSPs if they are expecting shorter timeframes for implementation.
Access a copy of this submission here.