News in brief… 20 October 2025

Regulatory Initiatives Grid updated to reduce regulatory burden; Australia signs first tax treaty with Ukraine; Tax Ombudsman releases review into ATO’s service to tax agents; G20 Chair’s report of Washington meeting urges Pillar Two solution

Regulatory Initiatives Grid updated to reduce regulatory burden Treasury has released the second edition of its Regulatory Initiatives Grid (RIG), which establishes a set of 'Coordination Principles', to guide how regulatory agencies cooperate to avoid unnecessary regulatory burden. According to the Assistant Treasurer Daniel Mulino the RIG is embedded with three core principles, which are: minimising overlap in significant consultations and non‑routine data collection activities; seque...

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Published Date: 20 October 2025