Media releases

2004

ACCC Report on Medical Indemnity Premiums

The Minister for Revenue and Assistant Treasurer, Senator Helen Coonan, today released the Australian Competition and Consumer Commission's (ACCC) first monitoring report on medical indemnity

ACCC Report on Price Monitoring of Insurance Premiums

The Minister for Revenue and Assistant Treasurer, Senator the Hon Helen Coonan, and the Parliamentary Secretary to the Treasurer, the Hon Ross Cameron MP, today announced the release of the A

Skilled People are the Key to Success

The Australian Government today announced a high-level taskforce to develop the first ever National Strategy for Consumer and Financial Literacy.

Low Income Earners' Matched Super Contributions

The Australian Government today cemented its commitment to a superannuation co-contribution for low-income earners with the gazettal of the first instalment of regulations to give the measure

Labor Wide of the Mark on Tax Evasion

As usual the Shadow Assistant Treasurer David Cox wide of the mark when he selectively quotes an internal ATO working report and claims the Government isn’t serious about tax evasion.

Labor out of step - Business and community groups pay the price

Labor, Democrat and Green Senators today combined to shoot down necessary law reform designed to bring the system back into balance and make insurance more affordable and available, Minister for Re

Inspector-General of Taxation's First Report

The Inspector-General of Taxation’s first report to Government identifies a number of issues and concerns raised by taxpayers and provides a comprehensive framework for his ongoing work priorities

New Australia-Mexico Tax Treaty

Trade and investment relations between Australia and Mexico will strengthen following a new tax treaty, Minister for Revenue and Assistant Treasurer, Senator Helen Coonan announced today.

What Mr Latham didn't mention in his speech

Labor has abandoned its proposed cut in contributions tax, two months after Labor leader Mark Latham trumpeted his plans to the superannuation industry, because it relied on a $700 million ‘s

2003

Labor Obstructing Moves to Help Doctors

Mark Latham's call for the Government to sit down with States and Territories to resolve issues surrounding medical indemnity shows the new Opposition Leader is out of touch with his State an

Government Moves to Close Super Loophole

The Australian Government has moved to avoid abuse of bankruptcy laws by making changes to prevent the manipulation of superannuation payments.

Gifts to the Bowral Vietnam Memorial Walk Trust

Gifts to the value of $2 or more made to the Bowral Vietnam Memorial Walk Trust will continue to be tax deductible until 16 August 2005.

Super Co-contribution Regulations Open for Public Comment

Draft regulations to give effect to the Government's superannuation co-contribution for low income earners measure have been released for public comment, Minister for Revenue and Assistant Tr

Crackdown on Promoters of Tax Avoidance and Tax Evasion Schemes

The Government intends to introduce measures, including a new civil penalty regime, to deter the promotion of tax avoidance and tax evasion schemes, Minister for Revenue and Assistant Treasur

Consolidation: Greater Flexibility Given

After listening to the concerns of business, the Government will implement further measures to give taxpayers greater flexibility and certainty as they move into the new consolidation regime,

More Time to Finalise Asset Financing Reforms

A temporary deferral of the commencement date for the Government’s tax exempt asset financing reforms was announced today by the Minister for Revenue and Assistant Treasurer, Senator Helen C

More Opposition for Opposition's sake from Labor

Labor’s move to disallow the Government’s portability regulations for the second time proves they are only interested in opposition for opposition’s sake, Minister for Revenue and Assistant

More Certainty for Venture Capital Incorporated Limited Partnerships

Tax law changes to ensure limited partnerships that are separate legal entities are eligible to access venture capital tax concessions were announced today by the Minister for Revenue and As

Labor Out of Step on Tort Reform

Labor has shown they are out of touch with their State colleagues and only capable of creating more uncertainty in the insurance market with the unworkable amendments to the Trade Practices

Labor Proves it is Anti-Business and Bad for the Economy

Labor has today proven it is anti-business and would drag our economy backwards with its opposition to measures that will bolster the Australian economy and help Australian businesses compet