Stakeholder Consultation and Treaty-Making Process

Lisa Chesters MP and Ronita Ram discussed the consultation process for treaty-making, highlighting the importance of stakeholder feedback, transparency, and a feedback loop. The formal public consultation process involves seeking submissions from stakeholders via the Treasury's website and consulting with the Tax Treaties Advisory Panel, which comprises tax experts and industry representatives. The government also engages with the Chamber of Commerce from relevant countries to gather their views on treaty issues. Recent consultations were held in 2021, 2022, and 2024, with the most recent one focusing on tax treaty negotiations with several countries, including Brazil and New Zealand. Stakeholders can provide submissions on the broader program, including suggestions for future treaty negotiations. While there is no formal feedback loop after a treaty is implemented, stakeholders can approach the government or the ATO if issues arise. The hearing concluded with a reminder for attendees to review the transcript and submit responses to any questions taken on notice by the deadline. The government has a pipeline of 46 similar treaties, with a well-established consultation process in place to allow stakeholders to provide feedback.