Media releases

Foreign managed funds and their investors will have more certainty for the 2010-11 income year, following an announcement to extend the Investment Manager Regime (IMR) arrangements.

The Government has developed a package of three measures to improve tax compliance across various aspects of the economy.

The Gillard Government will provide funding to the Australian Taxation Office (ATO) and Australian Securities and Investments Commission (ASIC) to implement the Stronger Super self man

The 2011-12 Budget provides the Australian Bureau of Statistics (ABS) with an additional $35.9 million over four years to improve and expand its statistical capacity.

The Gillard Government will enhance the fairness of the taxation system and discourage the tax avoidance that currently occurs when high income earners allocate their income to children under 18 ye

The Assistant Treasurer, the Hon Bill Shorten MP, tonight announced the Government will introduce legislation to remove further income tax barriers that impede families from making financial contri

From 1 July 2011, individuals who breach the concessional contributions cap by up to $10,000 can request that these excess contributions be refunded to them.

The Assistant Treasurer and Minister for Financial Services and Superannuation, the Hon Bill Shorten, today released the Inspector‑General of Taxation's report entitled, Review into the Aust

The Gillard Government today granted a licence to Chi-X Australia Pty Ltd (Chi-X) as an alternative securities exchange to boost competition in Australia's financial markets, as part of a broad age

The Assistant Treasurer and Minister for Financial Services and Superannuation, the Hon Bill Shorten MP, today announced the Government will extend the temporary loss relief for merging superann

The Gillard Government today welcomed the new market integrity rules announced by the Australian Securities and Investments Commission (ASIC) that will provide a framework for competition in equity

Investors who receive financial advice will have more protection following the Government's announcement today of further details of the Future of Financial Advice reforms.

The Assistant Treasurer and Minister for Financial Services and Superannuation, Bill Shorten, today announced the reappointments of Ms Patricia Azarias and Mr James (Jim) Murphy each as a part-t

The Government today announced it will conduct further consultations around the Tax Breaks for Green Buildings program to deliver the best outcomes for industry.

The Government is reviewing the need for, benefits and costs of a compensation scheme for investors who lose their money through the misconduct of a financial service provider, Assistant Treasur

The Gillard Government's commitment to attracting more foreign investment received another boost today following the release of an options paper discussing the tax treatment of sovereign investm

The Assistant Treasurer and Minister for Financial Services and Superannuation, the Hon Bill Shorten MP, today announced the Gillard Government has extended the debt/equity transitional period f

As part of the Gillard Government's ongoing efforts to simplify Australia's tax laws, the Assistant Treasurer, Bill Shorten, is proposing new regulations to specify which taxes, fees and charges

Up to 11,000 ex-Ansett workers who have been waiting nearly a decade for their superannuation entitlements are a step closer today, with the Trustees advising the Government they will issue an i

Australian universities are invited to tender for $12.1m funding from the Commonwealth to host the Centre for International Finance and Regulation.