Media releases

2008

Parallel Import Restrictions on Books to be Reviewed

The Assistant Treasurer and Minister for Competition Policy and Consumer Affairs, the Hon Chris Bowen MP, today requested the Productivity Commission to examine the provisions of the Copyright

Bowen Warns Parents to Tread Carefully

Consumer Affairs Minister Chris Bowen has today issued a consumer warning to parents about the hidden risks involved in the use of treadmills, following a spate of serious injuries to small childre

Government Abolishes Trust Cloning Tax Concession

The Assistant Treasurer, Chris Bowen MP, today announced that the Government will remove the capital gains tax (CGT) trust cloning exception to CGT events E1 and E2.

Rudd Government Seeks Views on Film Tax Offset Regime

The Assistant Treasurer, Chris Bowen MP, and Minister for the Arts, Peter Garrett MP, today released an issues paper on the film tax offsets contained in Division 376 of the Income Tax Assessme

Release of Inspector-General of Taxation Report into The Tax Office's Management of Major Complex Issues

The Assistant Treasurer, Chris Bowen MP, today released the Inspector-General of Taxation's report Improvements to tax administration arising from the Inspector-General's case study reviews of

Australia and The British Virgin Islands Conclude Tax Information Exchange Agreement

The Australian Assistant Treasurer, Chris Bowen and the Premier of the British Virgin Islands (BVI), the Hon Ralph O'Neal OBE, today announced the signing of a Tax Information Exchange Agreement (T

Rudd Government to Introduce Legislation Criminalising Cartels

The Assistant Treasurer and Minister for Competition Policy and Consumer Affairs today announced a package of measures providing criminal sanctions for serious ca

Capital Gains Tax Relief for the Demutualisation of Friendly Societies

The Assistant Treasurer, Chris Bowen MP, announced today that, with effect from 1 July 2008, the Government will provide relief from capital gains tax (CGT) for policyholders of friendly societies,

Australia Joins in Global Effort to Crack Down on Tax Havens

The Australian Government endorses the strong action taken by 17 countries at the Finance Ministers meeting in Paris on Transparency and Exchange of Information convened by France and Germ

New Productivity Commission Inquiry into Gambling

The Australian Government today released the timetable and terms of reference for the Productivity Commission’s update to its 1999 inquiry into Australia’s gambling industries.

Appointment of a New Petrol Commissioner

The Assistant Treasurer and Minister for Competition Policy and Consumer Affairs, Chris Bowen MP, has announced the Government’s intention to recommend to the  Governor‑General the appointmen

Taxation of Financial Arrangements (TOFA) Stages 3 and 4

The Assistant Treasurer Chris Bowen MP today announced the release of an exposure draft bill and related explanatory material dealing with Taxation of Financial Arrangements (TOFA) Stages 3 and 4. 

Appointment of the Chair and Panel of Experts to Lead the Governments Initiative to Position Australia as a Leading Financial Services Centre in the Asia-Pacific Region

The Assistant Treasurer and Minister for Competition and Consumer Policy, Chris Bowen MP, today announced the appointment of Mr Mark Johnson, retired Deputy Chairman of Macquarie Bank, to lead the

Australia as a Financial Services Hub - Government Introduces Amendments to Reform Division 6C

The Assistant Treasurer and Minister for Competition Policy and Consumer Affairs, Chris Bowen MP, introduced into Parliament today amendments to the eligible investment business rules in Division 6

Government Introduces Clarity in Pricing Bill

Today the Rudd Government introduced into Parliament the Trade Practices Amendment (Clarity in Pricing) Bill 2008 to tackle the problem of hidden fees and charges for consumer products.

Mandatory Safety Standard For Reduced Fire Risk Cigarettes

The Consumer Affairs Minister, Chris Bowen MP and Attorney-General, Robert McClelland MP today announced a mandatory standard for manufactured cigarettes.

New Zealand to Collect Australian Tax Debt

The Assistant Treasurer, Chris Bowen MP, today announced the entry into effect of the Assistance in Collection of Taxes Article in Australia’s tax treaty with New Zealand.

Appointment of Ali Noroozi as Inspector-General of Taxation

The Assistant Treasurer, Chris Bowen MP, today announced the appointment of Mr Ali Noroozi as the Inspector-General of Taxation for a term of five years.

Turnbull Fails Australian Businesses on Biggest Reform to the Trade Practices Act in Over 20 Years

The Coalition's move to keep the 'Birdsville' amendment yet refusing to remove the necessity to prove recoupment in predatory pricing cases is a major let down to both consumers and small busines

Federal Government to Consult on Unit Pricing

Competition Policy & Consumer Affairs Minister, Chris Bowen MP, today released an issues paper calling for public comment on developing a national unit pricing regime.