Media releases

2005

Time for Labor to Come Clean on Tax Changes

It's time Mr Beazley came clean on the changes the Labor Party has in mind for the taxation system. Empty rhetoric is no substitute for genuine tax reform.

Tax Treatment of certain debt/equity hybrid instruments

The Government will make new income tax regulations to clarify the tax treatment of certain term subordinated notes under the debt/equity rules.

Super Savings Continue Strong Growth

An extra $17.3 billion poured into Australia's superannuation savings in the June quarter, taking the nation's total superannuation savings to $741.7 billion.

A Super Idea for Families

The retirement balances of women, low income earners and non-working spouses will be in much better shape with the introduction of the Government's superannuation splitting measures.

Hands Out of Queenslanders' Pockets, Mr Beattie

Peter Beattie wants to raid the pockets of Queensland residents to pay for the health system that his government has ruined.

Inspector General Reports Released

The Government today released two reports by the Inspector-General of Taxation. Review into the Tax Office audit timeframes:

Outcomes of the Review of Pensions in Small Superannuation Funds

The Government today announced its response to the review of the provision of pensions by small funds.

United Approach to Improving Our Financial Skills

Australia's business, community, government and education leaders joined forces in Canberra today to develop strategies for improving the financial skills of all Australians.

Financial Literacy Forum to be Held in Canberra

The Government is stepping up its campaign to improve the financial skills of all Australians.

New Measures to Improve Tax and Superannuation

The Government today introduced legislation to implement a range of changes and improvements to Australia's taxation and superannuation system. This Bill will:

Tax Exempt Asset Financing Reforms

The Government today announced changes to improve the tax treatment of financing arrangements between public private partnerships.

Super Boon for Women, Baby Boomers and Low Income Earners

Women, baby boomers, and low income households have been the big winners of the Government's retirement savings booster – the superannuation co-contribution scheme.

Fringe Benefits Tax Reporting Exclusion

Employers who provide personal security services to employees who have received threats due to their line of work will not have to report these fringe benefits on the employee's payment summa

Donations to Salvation Army Hurricane Katrina Appeal to be Tax Deductible

Donations to the hurricane relief effort in the United States through the Salvation Army will now be tax deductible.

Wayne Swan's Wealth Tax?

Comments by Shadow Treasury spokesman Wayne Swan on Brisbane radio today suggest Labor is sympathetic to imposing a tax on assets rather than a tax on income, Federal Assistant Treasurer Mal

Reforms Target Bankruptcy-Super Contributions

The Australian Government has taken another step forward with its bankruptcy law reform agenda today with the release of a consultation paper on the recovery of superannuation contributions m

$309 Million Win for Low to Middle Income Earners

The Government has paid out $309 million to the superannuation accounts of low to middle income earners so far under the generous superannuation co-contribution scheme.

Securitisation Vehicles and Foreign Currency Rules

Securitisation vehicles will be exempted from the new foreign currency rules in the income tax law.

Donations to Red Cross Hurricane Katrina Appeal to be Tax Deductible

Australians will be able to make tax deductible donations to the hurricane relief effort in the United States through the Australian Red Cross.

NSW Government Drives up Insurance Costs

The New South Wales Labor Government today delivered a slap in the face to insurance reforms aimed at making policies more affordable for individuals and businesses.