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