Media releases

2007

Further Improvements to the Tax System

The Government today introduced Tax Laws Amendment (2007 Measures No. 4) Bill 2007 to implement a number of improvements to Australia’s taxation system, including the following:

Tax Laws to Help Small Business Passes Through Parliament

Tax Laws Amendment (Small Business) Bill 2007, which will standardise the eligibility criteria for small business tax concessions from 1 July 2007, passed through the Senate today.

Capital Gains Tax (CGT) Roll Over On The Ending Of A Statutory Licence

The Minister for Revenue and Assistant Treasurer, Peter Dutton, announced today that the Government will introduce legislation into the Parliament to amend the capital gains tax (CGT) provisions

Tax Office helping business prepare for better super

The Hon Peter Dutton MP, Minister for Revenue and Assistant Treasurer, today announced that the Tax Office is writing to around 740,000 employers to advise them how the Better Super changes will

Beattie and Bligh should cut taxes across the board

The Beattie Labor Government should use next month’s State Budget to provide real tax relief to residents in Queensland, Peter Dutton, Minister for Revenue and Assistant Treasurer said today.

Investment In Instalment Warrants By Superannuation Funds

The Minister for Revenue and Assistant Treasurer, Peter Dutton, announced today the outcome of consultation on the scope of amendments required to allow superannuation funds to continue investing

Bligh/Beattie Labor Budget Should Cut Property Taxes

Peter Beattie should use the upcoming Queensland State Budget to scrap Labor’s property taxes on homes which have hurt Queensland families for too long, Peter Dutton, Minister for Revenue and As

Financial Assistance to WA Super Fund

The Minister for Revenue and Assistant Treasurer, Peter Dutton, announced today that the Government has paid a financial assistance grant of $1,483,983.00 to benefit members of the Strategic Capi

Job losses at Tarong mines a clear example of Labor mismanagement

“The loss of 160 jobs from Tarong mines is another example of Labor mismangement and what Queenslanders can expect from Labor at a federal level if they are elected,” Minister for Revenue and As

Tax Office to provide tax file numbers to super funds

Peter Dutton, Minister for Revenue and Assistant Treasurer, today announced that the Tax Office is writing to 1.85 million people whose super fund or retirement saving account doesn’t have their

Release of the draft Financial Sector Legislation Amendment (Simplifying Regulation and Review) Bill 2007

The Minister for Revenue and Assistant Treasurer, the Hon Peter Dutton, has today released an exposure draft of the Financial Sector Legislation Amendment (Simplifying Regulation and Review) Bil

Review of Tax Office's Management of Complex Issues - Case Study on Living Away from Home Allowances

The Government today released the Inspector-General of Taxation’s report of his Review of the Tax Office’s management of complex issues – Case study on living away from home allowances.

More Bureaucracy, More Confusion and More Union Interference for Small Business on Super

Directing small businesses to put their quarterly super returns through a Government clearing house will create unnecessary red tape and confusion for small businesses.

Government Introduces Budget Tax Law Changes

The Minister for Revenue and Assistant Treasurer, Peter Dutton, today introduced the Tax Laws Amendment (2007 Budget Measures) Bill 2007, which honours the Government’s 2007-08 Budget commitment

Making the tax law easier for small business

The Minister for Revenue and Assistance Treasurer, Peter Dutton, today introduced the Tax Laws Amendment (Small Business) Bill 2007 which will standardise the eligibility criteria for small busin

Further Improvements to the Tax System

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

Funding Financial Market Experts For The Australian Prudential Regulation Authority

The Australian Government will provide the Australian Prudential Regulation Authority (APRA) with $24.1 million over four years to enable it to better attract and retain qualified staff to provide

Government Leads the Way in Building Understanding of Money

The Australian Government is leading the way in building Australians’ understanding of money, announcing in the 2007-08 Budget a package to support its commitment to increasing financial literacy.

Trading of Forestry Managed Investment Scheme Interests

The Government will allow investors in forestry managed investment schemes (forestry MIS) to trade their interests once they have been held by the initial investor for a period of at least four yea

Finance Leasing Tax Rules to Remain Unchanged

The Government has announced that it will not proceed with the proposed reforms to the taxation treatment of finance leases between taxable entities.