Media releases

1997

Charities to Receive Sales Tax Revenue from the Sale of the Elton John Tribute CD

The Government will be passing on the sales tax receipts from the sale of the Elton John tribute CD produced in memory of Diana, Princess of Wales, to charity.

Taxation Arrangements for Tobacco and Tobacco Products

On 6 August, following the High Courts decision of 5 August on State and Territory business franchise fees (BFFs), and in response to a request from the States and Territories to implement a safety

Characteristics of Recognised Income Stream Products

In the 1997-98 Budget Statement, Savings: Choice and Incentive, the Government announced changes to the social security means test treatment of retirement income stream products.

Appointment of Private Sector Representatives for the Tax Law Rewrite

The Assistant Treasurer, Senator Rod Kemp, announced today the appointment of three additional private sector representatives to assist the rewrite of the income tax law by the Tax Law Improvement

Employee Share Schemes

The Government intends to introduce legislation to make minor amendments to the income tax provisions relating to employee share schemes.

Exemption of Non-Residents from the Superannuation Guarantee

The Government has decided to continue an exemption from the Superannuation Guarantee (SG) for employers in respect of certain non-resident senior executives who meet the criteria for the former Cl

Appointment of Second Commissioner of Taxation

The Assistant Treasurer, Senator Rod Kemp, announced today that the Governor-General had appointed Mr Bruce Jones to the position of Second Commissioner of Taxation.

Retirement Savings Accounts (RSA) Regulations

The Government has gazetted Regulations to complete the regulatory framework for RSAs. The Government has now delivered on a major superannuation policy election promise.

Government Secures Passage of the High Income Earner Superannuation Surcharg

The Government has negotiated the passage of the Superannuation Surcharge Legislation through the Senate, foiling Labor's attempts to sabotage this initiative to make the superannuation system fair

Rate Per Kilometre Method of Deducting Car Expenses 5,000 Business Kilometres or Less

I am announcing today the rates at which certain taxpayers will be able to claim income tax deductions for car expenses during the 1996-97 income year.

Labor Shuffling the Deck Chairs on the Sunken Titanic

Labor attempted today to sneak through a major reshuffle of their poorly performing Shadow Ministry.

More Private Sector Representation for the Tax Law Rewrite

The Assistant Treasurer, Senator Rod Kemp, announced today that the Government is seeking expressions of interest from suitably qualified persons to act as private sector representatives on the Tax

Superannuation Surcharge Legislation

The Govemment's amendment to the superannuation surcharge legislation is designed to strengthen its constitutional position.

Sherry Misleads Yet Again

Labor's Spokesperson on Superannuation, Senator Sherry, has yet again attempted to deliberately mislead the public and the media in an attempt to undermine the Government's measure to make the supe

Amendments to the Company Tax Instalment System

I am announcing today amendments to the grouping provisions contained in the company tax installment system in the Income Tax Assessment Act 1936 (ITAA).