Media releases

2003

Safer Super for all Australian Workers

Key measures to provide Australian workers with a safer superannuation system were introduced into Parliament today in the Superannuation Safety Amendment Bill, the Minister for Revenue and

GST and Long-Term Non-Reviewable Contracts

The Government intends to revise the way GST will be applied to long-term non-reviewable contracts that will not have had a review opportunity by 30 June 2005, Minister for Revenue and A

Remission of General Interest Charge for Disputed Tax Debts to be Investigated

“Following representations from taxpayers and tax practitioners about how the Australian Taxation Office applies the General Interest Charge (GIC) for tax disputes involving groups of ta

Commodity Hedging Taxation Reform

The Government will defer the commencement date of reforms to commodity hedging taxation arrangements to allow for a more efficient harmonisation with remaining reforms to the t

Labor Prescribes Regulatory Overkill For Super

Labor's plan for superannuation is to burden Australian workers and Australian business with more red tape, more prescription and more regulation without any real benefit, Minis

Review of the Insurance Contracts Act Report on Section 54

The report of the first phase of the Review of the Insurance Contracts Act 1984 was released today by the Minister for Revenue and Assistant Treasurer, Senator Helen Coon

Labor Pilfers Government Super Policies

Labor has proved they are light-fingered as well as light on policy detail by 'borrowing' large tracts of Government superannuation policy to flesh out their own lacklustre plan

Government Assistance for Bali Memorial

Donations made to help build a memorial to Bali bombing victims Craig Dunn and Danny Lewis will be tax deductible, Minister for Revenue and Assistant Treasurer, Senator Helen Co

UMP/AMIL to Exit Provisional Liquidation

"The NSW Supreme Court's decision to allow United Medical Protection (UMP) and its subsidiaries to exit provisional liquidation is good news for doctors, patients and the medica

Public to have a Say on Australian Tax Treaty Negotiations

Tax treaty negotiations will be held between Australia and Norway in Canberra next week, the first formal discussions to address Australia’s Most Favoured Nation (MFN) obligations.

Advantages of Super Deal Available to All

Minor parties in the Senate are perpetuating mistruths in a bid to take the shine off the Government’s win for low-income earners, Minister for Revenue and Assistant Treasurer Senator Helen Coonan

Government Secures Super Boon for Australian Workers

"Despite the best efforts of both the Democrats and the Labor Party the Government today secured a significant win for Australian workers with the passage of the superannuation

Australia-Malaysia Double Taxation Agreement Amended

Trade and investment relations between Australia and Malaysia will strengthen following amendments to the Australia-Malaysia Double Taxation Agreement, Minister for Revenue and

Capital Gains Tax Changes to Benefit Investors, Small Business and Charities

Changes to strengthen the equity and fairness of the capital gains tax (CGT) law were announced today by the Minister for Revenue and Assistant Treasurer, Senator Helen Coonan.

Draft Superannuation Splitting Regulations Released

Draft regulations to allow splitting of superannuation contributions have been released for public comment, Minister for Revenue and Assistant Treasurer, Senator Helen Coonan an

Taxation of Financial Arrangements - More time to make elections

The Government will introduce amendments to allow taxpayers additional time to make elections under the new tax regime for foreign currency transactions, Minister for Revenue an

A Superannuation Hat-Trick

The Government has secured another win for superannuation reform after negotiating an agreement with the Australian Democrats to support new portability regulations to facilitate the consoli

Paying for Doctors' Past Mistakes?

Blaming the Australian Government for making doctors leave public hospitals for private practice is unfair and misleading, Minister for Revenue and Assistant Treasurer, Senator

Government Announces Tax Changes for Overseas Super

Significant changes to the taxation of superannuation transfers into Australia spell good news for individuals and superannuation funds, Minister for Revenue and Assistant Treas

Labor Split on Helping Low Income Earners

After dumping on low-income earners in the Senate last week claiming they ‘cannot afford to save money’, Labor has done an about turn on matched savings accounts with one big string attached