Media releases

2005

Government Support for Retirement Incomes

"The Howard Government is delivering on its commitment to secure Australians' retirement incomes," The Minister for Revenue and Assistant Treasurer, Mal Brough, said today.

GST to Thank for Queensland Budget Position

Queensland Treasurer, Terry Mackenroth, should thank the GST for the state's Budget position rather than boasting about "the best Budget ever delivered in Queensland's history".

Extension of Transitional Arrangements for Small Funds

The Government today announced an extension to the transitional relief currently available for small funds providing defined benefit pensions until 31 December 2005.

Understanding Money - Financial Literacy Foundation Launched to Help All Australians

A person earning $36,000 could be $790,000 better off over their working life by improving their understanding of money and by becoming more financially literate.

Government Announces Excise Tariff Review

The Australian Government is planning to streamline, simplify and clarify the reporting obligations of parties that are subject to excise legislation.

Mutuality Principle to be Restored

The Government will amend the income tax law to ensure certain not-for-profit organisations are not subject to tax on income as a result of a recent High Court decision.

Release of Industry Discussion Paper on Design of Fuel Tax Credit Legislation

The Minister for Revenue and Assistant Treasurer today announced the release of a discussion paper on the proposed legislative arrangements for the new fuel tax credit system.

Amendments to the Capital Gains Tax Treatment of Options

The Government will introduce amendments to the capital gains tax (CGT) legislation relating to options, the Minister for Revenue and Assistant Treasurer, Mal Brough, announced today.

Another Labor Tax Increase

Federal Assistant Treasurer, Mal Brough, today called on the New South Wales Labor Government to live within its means and stop double dipping into the pockets of its taxpayers.

Government Introduces Two Tax Bills

The Government today introduced minor amendments to clarify the operation of the superannuation choice legislation, and increase the Medicare levy low income thresholds in line with increases

Strengthening Economic Ties with New Zealand

Australian and New Zealand officials have recently commenced discussions concerning a review of the Australia-New Zealand tax treaty aimed at encouraging the expansion of the investment and t

Report by Inspector-General of Taxation into Tax Office's Administration of GST Refunds

The Government today released a report by the Inspector General of Taxation into the Australian Taxation Office's administration of GST refunds arising from the lodgment of Business Activity

Review into the Tax Office's Small Business Debt Collection Practices

The Government today released the Inspector-General of Taxation's report of his Review into the Tax Office's Small Business Debt Collection Practices.

Refining the Definition of Interdependency Relationships

Draft regulations that will further refine the meaning of interdependency relationships were released for public comment today by the Minister for Revenue and Assistant Treasurer, Mal Brough.

Reduced Payments for Doctors: Level Playing Field for Medical Indemnity Insurers

The Australian Government will reduce doctors' contributions to the cost of rescuing the United group, while levelling the playing field in the medical indemnity insurance market.

Reduced Payments for Doctors: Level Playing Field for Medical Indemnity Insurers

The Australian Government will reduce doctors' contributions to the cost of rescuing the United group, while levelling the playing field in the medical indemnity insurance market.

New Measures to Support the Film Industry - Film Licensed Investment Company Scheme Extension

The Government will extend the pilot Film Licensed Investment Company (FLIC) scheme for two years.

Goods And Services Tax - Changes to the Vouchers Provisions

The Australian Government intends to amend the vouchers provisions contained in Division100 of the A New Tax System (Goods and Services Tax) Act 1999 (the GST Act) to clarify that pr

Certainty For Plantations

Those investing in plantation forestry will have increased certainty following today's announcement by the Australian Government to extend the '12 month rule' for certain forestry prepayments

Consolidation Loss Rules

The Australian Government will modify the consolidation loss rules to allow entities that would have an available fraction of nil, due to rounding, to instead be able to round to the nearest