Media releases
2003
Financial Sector Levies for 2003-04
The Minister for Revenue and Assistant Treasurer, Senator the Hon Helen Coonan,
today announced the financial sector levies for 2003-04.
Release of Draft Legislation on Superannuation Safety
Licensing of superannuation fund trustees is among provisions in the draft
of the Superannuation Safety Amendment Bill 2003 released for industry consultation
today by the Minister for Revenu
Taxation of Capital Protected Products
Interim measures to enable the market in capital protected products to continue
operating were announced today by the Minister for Revenue and Assistant Treasurer,
Senator Helen Coonan.
Taxation of Financial Arrangements
The Minister for Revenue and Assistant Treasurer, Senator Helen Coonan, today
welcomed the introduction into Parliament of legislation to reform the taxation
laws relating to foreign currency
Minister Releases Draft Superannuation Regulations
The Minister for Revenue and Assistant Treasurer, Senator Coonan,
today announced that the draft portability regulations for superannuation have
been released for public comment.
Government Committed to Surcharge Reduction
"The Federal Government's revitalised superannuation package
in no way diminishes the prospects of the Senate passing the surcharge reduction,"
the Minister for Revenue and Assistant Treasur
HIH Assistance - Commonwealth Offer on Council Claims
More of the Local Government councils affected by the demise
of HIH insurance will receive help from the Commonwealth under revised hardship
criteria.
Revitalising Superannuation
The Federal Government will increase the momentum for superannuation reform
with renewed efforts to implement its election promises.
Medical Indemnity Package Finalised
The Prime Minister's announcement on medical indemnity addresses the residual
concerns of doctors on 'run-off' cover and 'blue sky claims', the Minister for
Revenue and Assistant Treasurer,
Calmer Waters for Charter Boat Industry
Minister for Revenue and Assistant Treasurer, Senator Helen Coonan, today
welcomed the release of the Australian Taxation Office (ATO) final ruling on
the tax treatment of charter boat hire
Tax Exemption for Second World War Compensation Payments
I am pleased to announce that the Government will introduce tax exemptions
for payments received from Second World War compensation funds.
Simplified Tax System - Entry for Eligible Retail Fuel Outlets
I am pleased to announce that the Government has adopted new criteria for
the Simplified Tax System (STS) that allows most fuel retailers to enter from
1 July 2001.
Increase in Superannuation Complaints Tribunal Funding
The Superannuation Complaints Tribunal provides a fair, informal and quick
alternative to the court system for the resolution of certain superannuation
complaints.
Medical Indemnity - Monitoring of Insurance Premiums
This Budget is delivering the ACCC increased funding of $1.0 million over
two years to assist with the monitoring of medical indemnity insurance premiums.
Federal Government is closing the gap between Pension age and Superannuation access age
The Federal Government has already instituted measures to close the gap between
the preservation age for superannuation and the age at which people are eligible
for the aged pension, the Mini
Progress of Government Action to Strengthen Laws to Prevent Tax Abuse
The Howard Government continues to make strong progress in cracking down on
high-income earners who try to avoid their obligations to pay income tax.
Deductibility of Gifts Supporting Fulbright Awards
Donations to the Australian-American Educational Foundation (Fulbright Commission)
will now be deductible for Income Tax purposes, the Minister for Revenue and
Assistant Treasurer, Senator He
Australia-Vietnam Double Taxation Agreement
The Australia-Vietnam Double Tax Agreement has been updated to reflect changes
in the Vietnamese tax laws, the Minister for Revenue and Assistant Treasurer,
Senator Helen Coonan announced tod
Tax Extension for Indigenous Artists
Indigenous artists living in remote communities can continue to operate without
an Australian Business Number (ABN) until at least June 30 2004, the Minister
for Revenue and Assistant Treasur
Australia Keen to Ensure Visitors get their Super Money
The Australian Government is concerned that thousands of international visitors
who worked in Australia are unwittingly leaving millions of dollars behind when
they permanently depart.