Regulator function
To:
- administer Australia’s tax system and significant aspects of Australia’s superannuation system
- operate as the Australian Government’s principal revenue collection agency
- administer legislation governing tax
- support the delivery of government benefits to the community.
Legislation
Taxation Administration Act 1953
Key laws administered by the Commissioner include (but are not limited to):
- Income Tax Assessment Act 1936
- Income Tax Assessment Act 1997
- A New Tax System (Goods and Services Tax) Act 1999
- Fringe Benefits Tax Assessment Act 1986
Regulated community
- All taxpayers
- Self-managed superannuation funds (regulatory and tax)
Portfolio
Treasury
Internal to department / external entity
External