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Media Release 215/05/2001

Review of Community Consultation Arrangements for Taxation Legislation

The Chairman of the Board of Taxation, Mr Dick Warburton, today announced
that the Board has commenced a review of general arrangements for Government
consultation with the community on the development of taxation legislation.

‘The review is seen by the Board as central to its role in facilitating
full and effective community consultation in the design and implementation
of tax legislation’ Mr Warburton said. ‘The objective is to identify
potential improvements to the consultation process. Ultimately, the Board
will be seeking to make recommendations to the Government on consultation
arrangements that lead to improved legislative outcomes, recognising the different circumstances in which tax legislation can be developed.’

The Board has engaged KPMG Australia to assist the review through the
preparation of a report to the Board that:

KPMG will work closely with the Board and key stakeholders in developing
its report, which is scheduled to be completed in September 2001. The
review will entail extensive consultation with representatives of Government,
business, tax practitioners, welfare agencies and the broader community.

Further information is available from the Board of Taxation internet
site, www.taxboard.gov.au, or
from the Board of Taxation Secretariat.