Ref: AMK:lg
18 December 2025
The Board of Taxation c/- The Treasury Langton Crescent PARKES ACT 2600
By Email: taxboard@taxboard.gov.au Dear Board Members RED TAPE REDUCTION REVIEW 1.
Thank you for the opportunity to provide comments on the Board of Taxation’s (“Board”) review of ways to reduce red tape in the tax system.
2.
Pitcher Partners specialises in advising taxpayers in what is commonly referred to as the middle market. Accordingly, we service many privately owned business and investment groups that are impacted by compliance burdens in the tax system, both legislative and administrative. Our submission focuses on compliance burdens affecting privately controlled groups.
3.
We welcome the efforts of the Board to identify and reduce these compliance burdens to help reduce costs and boost productivity and investment in the Australian economy. While we believe that there could be many administrative changes that could be made to significantly reduce compliance costs, we have only included six items in this submission. We believe that each of these items could potentially have a significant positive reduction in compliance costs and red tape as outlined in the table. Proposed measure
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Potential red tape saving
1. Improving the administration and reduction in compliance costs associated with family trust elections.
We anticipate that this measure could conservatively save circa $224m of compliance costs.
2. Consolidation of family group entities for income tax purposes allowing trusts and companies to prepare a single tax return.
We anticipate that this measure could conservatively save circa $102m of compliance costs annually.