Media releases
2005
Further Improvements to Tax System Introduced
The Government today introduced legislation to implement a range of changes
and improvements to Australia's taxation system. This bill will amend
the taxation laws to:
State Taxes Impeding Efforts for Insurance Savings
State Labor insurance taxes of up to 82% are undermining the hard work done
on tort law reform to deliver more affordable insurance cover for Australians,
Parliament heard today.
Insurance Premiums More Affordable
Two independent reports to Government have shown further reductions
in the premiums of Public Liability and Professional Indemnity cover following
insurance reforms, Assistant Treasurer Mal B
Promoter Penalties Draft Legislation Released
Draft legislation dealing with the promotion of tax exploitation schemes has been released for public comment.
Review of the Administrative Arrangements for Tourist Shopping
The Australian Government is to review current and future administrative arrangements
for tourist shopping in Australia.
Better Insurance Service Good News for Consumers
Federal Assistant Treasurer, Mal Brough, has congratulated the insurance industry
for its commitment to improving customer service, transparency, and setting
higher standards for general insu
'At Call' Loans to Small Business to be Treated as Debt
The Government today announced changes to simplify the debt/equity tax rules (Division 974 of the Income Tax Assessment Act 1997 ) for related party at call' loans made to small compa
Latest Research Proves Labor Wrong on Super
Latest research on superannuation has proven Labor wrong again.
Income Tax Law Improvements
The Government will introduce a Bill early in the spring sittings of Parliament to make improvements to the income tax law, including measures to:
Super Choice Arrives
From today, over 5 million Australians will have the right to choose their
own superannuation fund.
No Changes to Income Tax Deductions for Capital Expenditure on Buildings and Structures From 1 July 2005
The Government today announced that a measure to bring the write-off for capital
expenditure on buildings and structures into the uniform capital allowance system
will not commence on 1 July
Election Commitments Introduced in Parliament
The Government today honoured its election commitment to introduce a child
care tax rebate to help Australian families.
9 Years Down, 9 Days to Go
Australians will have the right to choose their own superannuation fund in
9 days, after 9 years of opposition from the Labor Party.
Government Committed to Raising Retirement Incomes - Not Raising Taxes
The Australian Government is committed to maximising retirement incomes for
more Australians.
Tax Laws Amendment (2005 Measures No. 1) Bill 2005
The Australian Government will move some minor amendments in the Senate concerning
the GST integrity measure dealing with the offshore supply of rights and options
contained in Schedule 3 of
Improving Australia's International Tax Arrangements - Draft Legislation Released
Changes to the foreign dividend account rules will improve the attractiveness
of Australia as a place to establish regional headquarters and help Australian
based multinationals to become mo
Review of the Taxation of Plantation Forestry
Forestry and Conservation Minister, Senator Ian Macdonald, and Minister for
Revenue and Assistant Treasurer, Mal Brough, today announced terms of reference
for a Government review of the app
Removal of Six Month Restriction on Superannuation Portability
Australians will be able to more easily move their superannuation balance
between funds following amendments to portability regulations announced by Federal
Assistant Treasurer, Mal Brough, t
Government Committed to Abolishing Super Surcharge
The Government's effort to abolish the superannuation surcharge hit
a snag in the Senate today - The Australian Labor Party.
Tax Laws Amendment (2005 Measures No. 2) Bill 2005
The Government will make changes to Tax Laws Amendment (2005 Measures No. 2)
Bill 2005 to ensure the GST real property amendments in Schedule 6 do not have
any unintended consequences.