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.