The House of Representatives Committee on Tax and Revenue has commenced an inquiry into the development of the Australian retail corporate bond market.
Mr Jason Falinski, Chair of the Committee, stated, ‘A number of reviews have observed that the Australian retail corporate bond market is small compared to those of similar countries. The Committee is interested in why Australian businesses make greater use of offshore bond markets rather than issuing bonds.’
The Committee will consider the tax treatment of corporate bonds as well as the Corporations Act 2001 to determine whether there are any impediments to the development of the retail corporate bond market.
Submissions from interested individuals and organisations are invited by Thursday, 19 March 2020. The preferred method of receiving submissions is by electronic format lodged online using a My Parliament account.
Further information about the inquiry including the terms of reference is available on the Committee’s website.
Public hearing details
Public hearings for the inquiry will be held in due course and notified through the Committee’s website.
Mr Jason Falinski MP
Chair of the House of Representatives Standing Committee on Tax and Revenue
(02) 6277 2324
For background information
02 6277 4821