The government will be pursuing further reforms in the area of taxation including further changes to managed investment schemes (MIS), assistant treasurer Nick Sherry announced on Friday.
"There is still a lot of work to do in the area of tax reform. There will also be further development to the latest reforms to managed investment trusts," Sherry said at the recent Institute of Actuaries of Australia's annual conference.
He said the tax treatment of sovereign wealth funds will also be a focus for the government, particularly on the investment side.
"There will also be more work in tax supervision and tax rebates. There is still a substantial body of work to be done. Depending on whether we will get re-elected, these changes will be introduced over the next three years," he said.
He also said the government's resource super profits tax (RSPT) will also generate more superannuation savings for working families.
Sherry warned, however, that the reforms to superannuation could be threatened if the opposition blocks the RSPT.
"I don't think anyone really understands that the superannuation reform package is in doubt if we don't pass the resource super profits tax," he said.
