Media releases

2011

New Online Form to Find Lost Super

A new electronic form will make it easier to connect account holders with 5.8 million lost super accounts worth more than $18.8 billion.

Relief for Self Managed Superannuation Fund Auditors

Approximately 11,500 self managed superannuation fund (SMSF) auditors will benefit from proposed changes to the period in which auditors must provide their audit report to SMSF trustees.

New Consumer Credit Protections Introduced into Parliament

Better protections for senior Australians taking out reverse mortgages and vulnerable people who use payday loans are a step closer following the introduction of the Consumer Credit and Corporation

A Better Deal for Superfund Members

The Gillard Government's election commitment to deliver a better deal for superfund members is a step closer following the release of the final details of the Government's Stronger Super r

Small Business to get cash flow benefit

Australia's 2.7 million small businesses will benefit from a package of tax law amendments that will improve cash flow and reduce compliance costs by simplifying the small business depreciation rul

Australian Charities and Not-For-Profits Commission (ACNC) - Release of Draft Legislation and Discussion Paper on Implementation Design

The Assistant Treasurer, the Hon Bill Shorten MP, today released the exposure draft legislation for the ACNC, and a discussion paper to gather community feedback on elements of a new reporting fram

99 Per Cent of Agricultural Businesses Entirely Australian Owned

Australian Bureau of Statistics data shows 99 per cent of Australian agricultural businesses are entirely owned by Australians.

Inspector-General's Report into the ATO's Large Business Risk Review and Audit Policies, Procedures and Practices

Large Australian businesses will welcome increased certainty around the Australian Taxation Office's (ATO) risk reviews and audits of their financial practices, following the release today of the

Future of Financial Advice Reforms – Draft Legislation

More Australians will seek financial advice following the announcement of the

Proposed Changes To Market Supervision Fees

Stockbrokers, other market participants and market operators will help pay for the Australian Securities and Investments Commission (ASIC) to supervise Australia's equity markets, including thos

Further Details for the October Tax Forum

The Gillard Government is pleased to announce the invitation list, program and facilitators for the Tax Forum to be held in Canberra on 4 and 5 October.

Will the Coalition Now Support 12 Percent Superannuation?

The Shadow Treasurer has today confirmed in the House of Representatives debate on the Superannuation Legislation Amendment Bill 2011 that the Coalition supports superannuation.

Reforms to Payday Lending

People desperate for a small loan to replace a broken household appliance or tide them over until their next pay packet will have more protection from inappropriate lending practices, following

Making the Superannuation Contribution Caps Fairer

People who make excess concessional contributions to their superannuation may benefit from changes contained in a consultation paper released today by the Assistant Treasurer and Minister for Fi

Next Step in Investment Manager Regime Legislation for Consultation

The Gillard Government is promoting Australia's fund managers and financial expertise to overseas investors, today releasing draft legislation that will bring Australia's investment manager regi

Better Protections for Seniors Using Reverse Mortgages

Older Australians planning to take out a 'reverse mortgage' on their home will be better protected against negative equity and other pitfalls as part of the Government's sweeping consumer credit re

Government Welcomes Productivity Commission Draft Report on the Australian Retail Industry

The Government welcomes the release of the draft report from the Productivity Commission on the economic structure and performance of the Australian retail industry, and will carefully examine the

RACQ Pays 247 Previously Denied Claims

Insurer RACQ is to be commended for deciding to pay 247 flood-related insurance claims they had previously denied, Assistant Treasurer Bill Shorten said today.

Making it Easier to Contribute to Special Disability Trusts

People with severe disability and their carers are being asked to comment on draft legislation that will remove income tax barriers to make it easier for people to contribute to a Special Disabi

Film Tax Offset Changes

Companies involved in making films in Australia are invited to make a submission about new legislation that will determine how the Government's support for the industry will be improved.