Media releases

A new consultation paper about modernising the taxation of trusts will give the trustees and beneficiaries of over 660,000 trusts the opportunity to have a say in their own financial future, Ass

The collapse of MF Global has underscored the need to investigate options for strengthening client money protections for over-the-counter (OTC) derivative transactions, Assistant Treasurer and M

Every Australian seeking to purchase or renew home and contents insurance will be offered flood cover using a common sense definition of 'flood' under proposals announced today by Assistant Trea

Financial counsellors will meet the Federal Government in St Albans today to discuss problems with payday loans and how to help people avoid spiralling debt.

Working out how much money you will have for each year of your retirement has been made easier with the launch of a new online MoneySmart tool, said Assistant Treasurer Bill Shorten and Parliame

The Coalition already have a $70 billion black hole in their finances and with their latest policy back flip on superannuation they are now digging an even deeper hole.

The Assistant Treasurer, Bill Shorten, today announced the appointment of the National Injury Insurance Scheme Advisory Group.

Today's introduction of the Minerals Resource Rent Tax (MRRT) legislation to parliament is an important step in the Gillard Government's plan to lock in the benefits of the mining boom and delive

In the biggest change to superannuation in 20 years, around 8.4 million Australians will have their superannuation savings boosted as a result of the superannuation guarantee rate legislation in

The Assistant Treasurer Bill Shorten announced today the Government will reform the transfer pricing rules in the income tax law and Australia's future tax treaties to bring them into line with

Mum and dad investors and other market participants will have more choice and benefit from more competition following today's launch of the new securities exchange, Chi-X Australia.

Households and small businesses will be big beneficiaries of the Gillard Government’s critical reforms to deliver a fairer return from the nation’s non-renewable resources, boosting the super sav

The Gillard Government's commitment to introduce a new statutory definition of charity to clarify exactly what does - and does not - qualify as a 'charity' and as a 'charitable purpose' is a ste

I understand that ASX trading on the equities market was halted today at 10.05 AM after five minutes' trading, and that trading restarted at 2.15 PM.

The Gillard Government is removing tax disincentives to encourage more private investment in infrastructure projects, the Assistant Treasurer, Bill Shorten and Minister for Infrastructure and Tr

New regulations to allow the Australian Investment and Securities Commission (ASIC) to recover costs from market operators and market participants (i.e.

The Gillard Government today introduced tax legislation designed to protect workers' superannuation and deter fraudulent 'phoenix company' activity.

Any property owners with investment properties involved in the Lockyer Valley Regional Council's land swap program will be eligible for capital gains tax (CGT) relief as part of the Gillard Gove

The High Court of Australia today confirmed the Superannuation Guarantee Charge Act (SGCA) and the Superannuation Guarantee Administration Act (SCAA) are valid under Australia'

Previously announced changes to the application of GST to newly constructed residential premises will not apply prior to 27 January 2011, Assistant Treasurer Bill Shorten announced today.