Media releases
2002
Enhanced ATO Resources
The Government will provide additional funding to the Australian Taxation Office
(ATO) to improve service levels and enhance the integrity of tax administration.
Maintaining the Momentum of Business Tax Reform
The Minister for Revenue and Assistant Treasurer, Senator Helen Coonan, today
announced the Government's programme for delivering the next stage of business
tax reform measures.
Imposition of Excise on Higher of Labelled or Actual Alcoholic Strength
The Minister for Revenue and Assistant Treasurer, Senator Coonan, today announced that through the 2002-03 Budget the Government will amend the Excise Act 1901 to impose excise du
A Better Superannuation System - Superannuation for Life: Child Accounts
The Minister for Revenue and Assistant Treasurer, Senator Coonan, today announced
that through the 2002-03 Budget the Government has given effect to its superannuation
election commitment to
A Better Superannuation System - Superannuation from the Baby Bonus
The Minister for Revenue and Assistant Treasurer, Senator Coonan, today announced
that through the 2002-03 Budget the Government has given effect to its superannuation
election commitment to
A Better Superannuation System - higher fully deductible amount for superannuation contributions by self-employed persons
The Government will increase the fully deductible amount for superannuation contributions made by self-employed and other eligible persons from $3,000 to $5,000, commencing from 1 July 2002.
A Better Superannuation System - splitting superannuation contributions between couples
The Minister for Revenue and Assistant Treasurer, Senator Coonan, today announced
that through the 2002-03 Budget the Government has given effect to its superannuation
election commitment to
A Better Superannuation System - reducing the Superannuation Surcharge rate
The Government will amend the superannuation surcharge legislation so as to
reduce the superannuation contributions and termination payments surcharge rates
by one tenth of their current leve
A Better Superannuation System - reduction of the tax rate on excessive Eligible Termination Payments
The Government will modify the tax treatment of Eligible Termination Payments
(ETPs) from superannuation funds to limit the effective overall rate of taxation
that applies to the excessive co
A Better Superannuation System - Quarterly Superannuation Guarantee Contributions
The Minister for Revenue and Assistant Treasurer, Senator Coonan, today announced
that through the 2002-03 Budget the Government has given effect to its superannuation
election commitment to
A Better Superannuation System - Continuing Superannuation contributions to age 75
The Minister for Revenue and Assistant Treasurer, Senator Coonan, today announced
that through the 2002-03 Budget the Government has given effect to its superannuation
election commitment to
Life Insurance Policyholders
The Government has decided not to proceed with the recommendations made by
the Review of Business Taxation regarding the taxation of ordinary life insurance
investment policies because of con
Increase in Medicare Levy Thresholds
From the 2001-02 income year, the Medicare levy low income thresholds and Medicare
levy thresholds for pensioners less than age pension age will be increased.
Government places statutory effective life caps on aeroplanes, helicopters, gas transmission and distribution assets, oil and gas production assets and assets used to manufacture condensate, crude oil, domestic gas, liquid natural gas or liquid petroleum
The Minister for Revenue and Assistant Treasurer, Senator Coonan, announced
today that the Government will introduce legislation to ensure depreciation
deductions for aeroplanes, helicopters,
Increase in the medical expenses offset threshold
From the 2002-03 income year, the threshold above which the medical expenses
offset becomes payable will be increased from $1,250 to $1,500. The threshold
was last increased in 1997.
A Better Superannuation System - Introduction of Government Superannuation Co-contribution for Low Income Earners
The Government will contribute up to $1,000 a year towards the superannuation
savings of eligible low income earners where they make personal undeducted contributions
to superannuation after
Choice of Superannuation and Portability
The Minister for Revenue and Assistant Treasurer, Senator Coonan, today announced
that through the Budget the Government has reaffirmed its election commitments
to choice and portability in s
Deductibility of Gifts to the Aboriginal Education Council (NSW) Incorporated
The Minister for Revenue and Assistant Treasurer, Senator Helen Coonan, has
announced that from today, gifts to the value of $2 or more made to the Aboriginal
Education Council (NSW) Incorpor
Tax Relief for Demergers
Senator Helen Coonan, Minister for Revenue and Assistant Treasurer, today announced
details of the Government's policy on the provision of tax relief for demergers.
Joint Statement - Senator Helen Coonan and Dr Kerryn Phelps
Following a meeting in Sydney today between Assistant Treasurer, Senator Helen
Coonan, AMA President, Dr Kerryn Phelps, senior advisers to the Prime Minister,
and representative of United Med