Media releases

2007

The Australian Government Recognises Accounting Professional Standards Schemes

'The Government is pleased to announce that the professional standards schemes for the Institute of Chartered Accountants in Australia (NSW), the Institute of Charted Accountants in Australia (WA

Deductibility of Gifts to AE2 Commemorative Foundation

Today, the Minister for Revenue and Assistant Treasurer, Peter Dutton, has announced the Government's decision to amend the tax law to allow deductions for gifts to the value of $2 or more to the

Extension of Deductibility of Gifts to Dunn & Lewis Youth Development Foundation Limited

Today, the Minister for Revenue and Assistant Treasurer, Peter Dutton, has announced the Government’s decision to amend the tax law to allow deductions for gifts to the value of $2 or more to the

Tax Consolidation Rules Following CGT Rollovers

The Minister for Revenue and Assistant Treasurer, Peter Dutton, clarified today the start date for the proposed changes to the tax consolidation regime following certain capital gains tax (CGT) r

Changes to Market Value Substitution Rule for Widely Held Entities

The Minister for Revenue and Assistant Treasurer, Peter Dutton, today announced changes to the capital gains tax (CGT) legislation that will reduce compliance costs for taxpayers when an asset, s

Deductibility of Gifts to Three Entities

Today, the Minister for Revenue and Assistant Treasurer, Peter Dutton, has announced that the Government will amend the Income Tax Assessment Act 1997 to allow for gifts of $2 or more do

GST Relief for Charities

The Minister for Revenue and Assistant Treasurer, Peter Dutton, today announced a package of GST measures to assist charities and other not-for-profit organisations.

Improving the Integrity of the Tax Consolidation Regime

The Minister for Revenue and Assistant Treasurer, Peter Dutton, announced today that the Government will modify the tax consolidation regime to ensure that, when an entity joins a consolidated g

The Australian Valuers Institute Professional Standards Scheme

‘I am pleased to announce that the Australian Valuers Institute Professional Standards Scheme has been recognised under Commonwealth legislation,’ the Minister for Revenue and Assistant Treasurer

Australia-Bermuda Tax Information Exchange Agreement Comes Into Force

The Minister for Revenue and Assistant Treasurer, Peter Dutton, today announced that the Tax Information Exchange Agreement (TIEA) between Australia and Bermuda came into force on 20 September 20

Superannuation Guarantee Compliance Made Simpler for Small Business

The Minister for Revenue and Assistant Treasurer, Peter Dutton, today announced changes that will mean employers who make a late Superannuation Guarantee (SG) payment do not pay the same amount

Labor Shambles on Super Tax Policy

Labor have shown yet again how poorly prepared it is to govern with contradictory statements from one of the shadow finance ministers and the leader of the opposition.

A Vague Promise From Labor on Super

After maintaining a policy against the Government's superannuation co-contribution payment which benefits low and middle income workers, Labor has now announced that it will consider changes ‘in

Taxation of Financial Arrangements (TOFA)

The Minister for Revenue and Assistant Treasurer, Peter Dutton, today introduced a Bill into Parliament dealing with the tax treatment of financial arrangements.  This Bill, which represents the

Consultation on Exemptions for Direct Offshore Foreign Insurers

The Minister for Revenue and Assistant Treasurer, Peter Dutton MP, today announced the release of a Treasury discussion paper following the passage of the Financial Sector Legislation Amendment (Di

Deductibility of Gifts to the Amy Gillett Foundation

Today, the Minister for Revenue and Assistant Treasurer, the Hon Peter Dutton MP, has announced that gifts of $2 or more donated to the Amy Gillett Foundation (AGF) are tax deductible.

Continuing to Improve Australia's Tax System

The Minister for Revenue and Assistant Treasurer, Peter Dutton, today introduced Tax Laws Amendment (2007 Measures No.

Thin Capitalisation: Application of Accounting Standards

The Minister for Revenue and Assistant Treasurer, Peter Dutton, today announced that the Government will make changes to the thin capitalisation rules in the income tax legislation to address som

Extension of Tax Deductibility of Gifts to the Xanana Vocational Education Trust

The Minister for Revenue and Assistant Treasurer, Peter Dutton, has announced the Government’s decision to amend the income tax law to allow for deductions for gifts of $2 or more donated to the

Tax Deductibility of Gifts to The Spirit of Australia Foundation

Today, the Minister for Revenue and Assistant Treasurer, the Hon Peter Dutton MP, has announced the Government’s decision to amend the income tax law to allow for deductions for gifts of $2 or mo