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Media releases

2018

Enterprise Tax Plan Base Rate Entities eligibility

As a result of the passage of the Treasury Laws Amendment (Enterprise Tax Plan Base Rate Entities) Bill 2017 today, the Government has legislated to confirm which companies are eligible fo

Reforming Administration of Tax Deductible Gift Recipients

The Turnbull Government is taking action to deliver on its package of reforms for the administration and oversight of organisations with Deductible Gift Recipient (DGR) status.

Progressing the Director Identification Number

In an embarrassing mistake Dr Andrew Leigh has wrongly claimed that the Turnbull Government is not progressing a director identification number as part of our wide ranging reforms to crackdown on i

Making multinationals pay their fair share

The Turnbull Government is ensuring that those that do business in Australia pay tax in Australia.

Combating illicit tobacco

The Turnbull Government is continuing the fight against illicit tobacco, with the Parliament today passing legislation to create a comprehensive set of offences targeting illicit tobacco.

Legislation to combat illegal phoenix activity released for consultation

The Turnbull Government is taking action to protect workers and honest businesses by legislating a package of reforms to tackle illegal phoenix behaviour and level the playing field.

Two men sentenced after Serious and Financial Crimes Taskforce investigation

Two New South Wales men have been sentenced for their role in a significant money laundering and tax evasion scheme after an investigation by the Serious Financial Crime Taskforce (SFCT).

Cracking down on black market tobacco

The Turnbull Government is safeguarding Australia’s tobacco revenue collection as part of a suite of reforms to address the illicit tobacco black market.

Women talk money to take control of their financial future

The Turnbull Government welcomes the work of the Australian Securities and Investments Commission (ASIC) in supporting women with financial literacy with the launch of its new video series Wome

Turnbull Government expands ASIC’s armoury

The Turnbull Government is injecting a further $70.1 million into the Australian Securities and Investments Commission (ASIC) to ensure the corporate regulator has the resources and powers it needs

Turnbull Government expands ASIC's armoury

The Turnbull Government is injecting a further $70.1 million into the Australian Securities and Investments Commission (ASIC) to ensure the corporate regulator has the resources and powers it needs

Turnbull Government improves access to ASIC searches

From 1 July 2019, the Turnbull Government will reduce and remove the fees for accessing certain information from the online business registries maintained by the Australian Securities and Investmen

Cracking down on the black economy

The Turnbull Government’s plan for a stronger economy and more jobs is working. More than 1 million jobs have been created since the Liberal National government was elected.

Government consults on reforms to Australian Business Number system

The Turnbull Government is taking action to strengthen and modernise the Australian Business Number (ABN) system.

Turnbull Government seeks further comment on law to improve outcomes for financial consumers

The Turnbull Government is continuing to progress important reforms to ensure that financial products are targeted and sold to the right consumers.

New round of consultation on Corporate Collective Investment Vehicle Bill

The Minister for Revenue and Financial Services, the Hon Kelly O'Dwyer MP, today released the second tranche of the Treasury Laws Amendment (Corporate Collective Investment Vehicle) Bill 2018 (CCIV

Extending Superstream to SMSF rollovers

The Turnbull Government has today released exposure draft regulations to extend SuperStream to Self‑Managed Superannuation Fund (SMSF) rollovers.

New Phoenix Hotline to protect Australian workers and small businesses

The Turnbull Government has established a new Phoenix Hotline to combat the phoenixing activity of dishonest directors and their companies, and protect Australian workers and businesses that comply

Review of Tax Residency Rules for Individuals

The Minister for Revenue and Financial Services, the Hon Kelly O’Dwyer MP, today welcomed the initial report of the Board of Taxation (the Board) on income tax residency rules for individuals.

Cutting red-tape for self-managed superannuation funds

The Turnbull Government is cutting red tape and reducing the compliance burden for self-managed superannuation funds (SMSFs) that have a history of good record keeping and compliance.