Media releases

2017

Deductible Gift Recipient discussion paper

In recognition of Government assistance and the benefits deductible gift recipient (DGR) organisations provide, the Government wants to ensure that compliance arrangements support continued trust a

Australia signs new multilateral convention to prevent tax avoidance

Australia has signed the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (the Convention). 

External dispute resolution framework Supplementary Issues Paper

Earlier this year the Government extended the terms of reference for the independent review conducted by Professor Ian Ramsey into external dispute resolution in the financial services sector.

Insolvency Practitioner Disciplinary Committees

Liquidators play an important front line role in combating a range of corporate misconduct including illegal phoenixing behaviour.

Reappointment of ASIC Commissioner Cathie Armour

The Government has reappointed Ms Cathie Armour as a full-time member of the Australian Securities and Investments Commission (ASIC).

Strengthening the integrity of Australia's tax system

The Turnbull Government continues to strengthen the integrity of Australia’s tax system by reducing opportunities for multinational tax avoidance and shining a light on the black economy.

Release of the interim report into the black economy

The interim report of the Black Economy Taskforce is a timely and important step in the fight against the black economy in Australia.

Regulations to support the ASIC industry funding model released for consultation

The Government has today released draft regulations on the operation of the industry funding model for the Australian Securities and Investments Commission (ASIC).

Appointment of Commissioners of Taxation

The Turnbull Government has today announced the reappointment of Mr Chris Jordan AO as Commissioner of Taxation and the appointment of Mr Ramez Katf as Second Commissioner of Taxation.

Government welcomes Federal Court’s decision in Chevron case

The Turnbull Government today welcomed the Full Federal Court’s decision confirming the Australian Taxation Office’s assessment of $340 million in taxes and penalties owed by Chevron.

Further streamlining of regulatory approvals

The Minister for Revenue and Financial Services, the Hon Kelly O’Dwyer MP, today announced that the Turnbull Government is providing greater certainty for financial market operators and reducing co

Declaring Cyclone Debbie a disaster for tax purposes

The Minister for Revenue and Financial Services, the Hon Kelly O’Dwyer MP, today declared Tropical Cyclone Debbie, and the associated rainfall and flooding, a disaster for the purposes of establish

ASIC enforcement review consults on breach reporting

The Turnbull Government welcomes the release today of a positions paper on ‘Self-reporting of contraventions by financial services and credit licensees’ by the Australian Securities and In

Financial Adviser Standards and Ethics Authority appointments

The Minister for Revenue and Financial Services, the Hon Kelly O’Dwyer MP, today announced the appointment of Mrs Catherine Walter AM as Chairman of the new Financial Adviser Standards and Ethics A

Multinational tax crackdown reaping results

The Turnbull Government’s tough new tax laws provide the Australian Taxation Office (ATO) with the powers and penalties it needs to ensure the Australian people receive the tax owed to them.

Exposure draft: wine equalisation tax rebate

The Minister for Revenue and Financial Services, the Hon Kelly O’Dwyer MP, and Assistant Minister for Agriculture and Water Resources, Senator the Hon Anne Ruston, are inviting wine producers to ta

Shining a light on offshore tax evasion

More than 340 Australians with links to Swiss banking relationship managers alleged to have actively promoted and facilitated tax evasion schemes have been identified by the Serious Financial Crime

Combatting fraud in the precious metals industry

The Australian Government is taking action to combat fraud in the gold trading industry.

Government improves tax system to encourage innovation

The Turnbull Government has taken another step to improve our tax system and encourage innovation by introducing legislation into Parliament today, the Minister for Revenue and Financial Services,

Industry funding model for ASIC introduced into parliament

The Turnbull Government has today introduced the ASIC Supervisory Cost Recovery Levy Bill 2017, and related bills necessary to implement an industry funding model for the Australian Securities and