Media releases

The Assistant Treasurer, Bill Shorten, is pleased to announce the reappointment of Mr Michael Woods as a full-time Commissioner and Deputy Chairman of the Productivity Commission for a further five

Bernie Fraser, long-time advocate for better retirement savings, has today announced his resignation from the boards of Cbus and AustralianSuper.

The Federal Government is exploring the merits of making tax advice privileged, similar to the way legal advice is privileged, following the release of a discussion paper today.

The Assistant Treasurer, the Hon Bill Shorten MP, today released for public consultation exposure draft legislation that will increase certainty for trustees and beneficiaries of approximately 6

Over 5,000 victims of fraud from the collapse of Trio Capital Limited (Trio), will be compensated for their loss, following a Government decision announced today.

Managed Investment Trusts (MITs) have an extra year to get ready for the new MIT tax system after the Federal Government announced this week it will defer the start date of the new laws from 1 J

Joe Hockey has been pulled into line by Liberal and National colleagues after backflipping about taxing trusts twice in a 24 hour period, Assistant Treasurer Bill Shorten said today.

The Assistant Treasurer and Minister for Financial Services and Superannuation, the Hon Bill Shorten MP, yesterday met with representatives from the financial planning, tax and accounting bodies

People should know exactly what is, and what is not, covered under their insurance policies, according to a new consultation paper announced today at a public meeting in Ipswich by Assistant Treasu

Draft regulation amendments released for public consultation today will mean that tourists in Australia will find it easier to claim a refund on duty-free purchases and have more certainty about

Uncertainty around the operation of the 'consolidation rights to future income and residual tax cost setting rules' has prompted the Assistant Treasurer, Bill Shorten, to commission the Board of

A better return from the finite resources owned by all Australians will also help secure the financial future of 8.4 million Australian workers.

Australians will be able to make tax deductible donations directly to the New Zealand Government's Christchurch Earthquake Appeal after the Government agreed today to list the Appeal by name in the

The Australian Taxation Office (Tax Office) has advanced the vast majority of recommendations made by the Inspector‑General of Taxation (Inspector-General) to improve the functioning of the Tax off

The Assistant Treasurer, the Hon Bill Shorten MP, today declared that the earthquake and tsunami that hit North-Eastern Japan on 11 March 2011 a disaster for tax purposes.

The Assistant Treasurer, Bill Shorten, has today announced a review into disaster insurance in Australia.

In his speech today to the 26th annual Taxation Institut

The Gillard Government today welcomed the release of the Australian Securities and Investments Commission's (ASIC) intended market integrity rule framework and timetable for the Australian excha

Australian taxpayers will be able to claim a $500 standard income tax deduction, without receipts, instead of going to the hassle of using receipts to claim work-related expenses and the cost of

The Gillard Government will introduce higher superannuation concessional contribution caps for individuals aged 50 and over, following the release today of a discussion paper by the Assistant Tr