The Australian Taxation Office (ATO) will introduce a supplementary annual GST return for the Top 100 and Top 1,000 public and multinational business taxpayers who have received a GST assurance review. The annual GST return will be trialled through a pilot in the next six months. The Australian Prudential Regulation Authority (APRA) has decided to remake its interest rate risk framework prudential standard as an interim measure until a new version is introduced.
More information is available on the APRA website.
Source KPMG
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