Media releases

2003

"Four Corners" Program on Tax Office

The Minister for Revenue and Assistant Treasurer, Senator Helen Coonan said the matters raised by the “Four Corners” program last night are being effectively dealt with by the Australian

Consolidation brings in a new era in company taxation

The taxation landscape for wholly owned corporate groups has now irrevocably changed as a result of the operation of the new consolidation regime, the Minister for Revenue

Safer medical indemnity system starts tomorrow

Australian doctors and their patients will have the benefit of greater security in their insurance arrangements from tomorrow (July 1) following changes to medical indemni

Boost for Trans-Tasman Investment

New tax arrangements to facilitate trans-Tasman investment have been passed in the Australian Parliament to overcome the problem of double taxation, the Minister for Reven

Democrats must come to the party on Super

Despite the Senate's rejection of the proposed reduction in the superannuation surcharge, the Government remains committed to its revitalised approach to superannuation, M

Pension and Annuity Regulations Deferred until October

The commencement date for regulations implementing several pension and annuity changes will be deferred by three months to October 1 allow reasonable time for the finance

Taxation of Infrastructure Financing Bill Released for Comment

Draft legislation for much needed tax reform of infrastructure and other asset financing has been released for technical comment, the Minister for Revenue and Assistant Tr

Macklin: Labor's "Jenny on the Spot" When it Comes to Medical Indemnity

In the absence of a shadow Health Minister, the Deputy Opposition Leader has lumbered into the medical indemnity debate at the last minute, ignorant of the significant wo

Labor Should Remove the Yoke from Australian Workers' Nest-Eggs

The failure of the Labor Party to support the Federal Government's superannuation surcharge legislation is a cynical stance by a party that has no comparable package of po

Deductibility of Gifts to the Constitution Education Fund

The Minister for Revenue and Assistant Treasurer, Senator Helen Coonan, announced that from today gifts to the Constitution Education Fund to the value of $2 or more will be deductible f

Government Responds To Productivity Commission Report On Superannuation Legislation

The Federal Government's final response to the Productivity Commission's review of the Superannuation Industry (Supervision) Act 1993 and other superannuation legislation was rele

Departing Residents Accessing Superannuation

Temporary residents seeking the prompt return of superannuation deducted from Australian wages and salaries are flocking to the new Australian Tax Office website at the rate of more than

Eligibility Rules For Farm Management Deposits Scheme

The Federal Government will amend the Farm Management Deposits (FMD) scheme to protect primary producers who have made deposits with ineligible financial institutions offering products de

Senate Obstructs Bill to Encourage Overseas Workers

Short-sighted opposition by the Labor Party in the Senate has seen Australian business deprived of the opportunity to benefit from overseas workers using their skills to expand the econo

Reappointments To Superannuation Complaints Tribunal

The Chairperson of the Superannuation Complaints Tribunal, Mr Graham McDonald, and Deputy Chairperson, Ms Nicole Cullen, have both been reappointed for a term of two years, the Minis

Drug Dealer's Taxation Deductions

The Federal Government will consider changing the law to ensure tax deductions that relate to income gained from illegal activities are disallowed, the Minister for Revenue and Assistant

Great Barrier Reef Marine Park Charge - GST Concerns

Minister for Revenue and Assistant Treasurer Senator Helen Coonan said today that the Government will seek to meet with representatives of the Marine Tourism Industry in relation to thei

Medical Indemnity - Threshold for the Blue Sky Scheme

The Minister for Health and Ageing, Senator Kay Patterson, and the Minister for Revenue and Assistant Treasurer, Senator Helen Coonan today announced details of the threshold for the Blue Sky

Review of Compensation Arrangements for Super Funds

The Minister for Revenue and Assistant Treasurer, Senator Helen Coonan, today announced a review of the operation of Part 23 of the Superannuation Industry (Supervision) Act 1993 (SIS Act) wh

Deductibility of Gifts to Crime Stoppers Australia Limited

Gifts to Crime Stoppers Australia Limited to the value of $2 or more will be deductible for income tax purposes, the Minister for Revenue and Assistant Treasurer, Senator Helen Coonan, announ