Media releases

The Australian Government intends to introduce amendments to the Income Tax Assessment Act1997 to extend the scope of the marriage breakdown capital gains tax (CGT) roll-over relief,

The Australian Government has decided to extend the scope of previously announced tax-timing hedging rules to all taxpayers — in all industries — with audited financial accounts, the Minister

The Australian Government will modify the franking deficit tax offset rules to remove some unintended consequences, the Minister for Revenue and Assistant Treasurer, Mal Brough, announced tod

The Australian Government will provide concessional treatment of lump sum payments in arrears in determining a taxpayer's liability for the Medicare levy surcharge, the Minister for Revenue a

The Australian Government will reduce the disproportionate penalty on employers who make late superannuation guarantee contributions in an attempt to honour their obligations to employees.

Australians will have the option to split superannuation contributions with their spouse from 1 July 2006.

In order to ensure that low income families and individuals are exempt from paying the Medicare levy, the Australian Government will increase the Medicare levy low-income thresholds and the M

The Australian Government will ensure employers pay superannuation contributions on salary or wages back-paid to former employees.

A new super booklet will help Australians to understand more about their retirement nest egg, make informed financial decisions, and maximise their superannuation savings.

The Minister for Revenue and Assistant Treasurer, Mal Brough, announced today that the Governor-General has re-appointed Mr Michael D'Ascenzo to the position of Second Commissioner of Taxati

Employers will have helpful information on superannuation choice at their fingertips from this week.

Stability within the insurance industry is the key to putting downward pressure on insurance premiums, Federal Assistant Treasurer, Mal Brough said today.

Minister for Revenue and Assistant Treasurer, Mal Brough, today released the regulations for the Government's Transition to retirement measure.

Employers will benefit from a move towards 'paper-free' superannuation transfers with the launch of an industry standard that will help to streamline payments and reduce administration costs

The Minister for Revenue and Assistant Treasurer today introduced four tax bills, with key features giving effect to a number of measures announced in the 2004-05 Budget.

The cost of average medical indemnity premiums has fallen for the first time in three years, Minister for Revenue and Assistant Treasurer, Mal Brough, said today.

The Government is getting on with the job of delivering superannuation choice to Australian workers from 1 July this year, Federal Assistant Treasurer, Mal Brough, said today.

The Government today announced an extension to the deadline for public submissions on the Review of the provision of pensions in small superannuation funds.

Superannuation savings should be directed to investments that provide the best returns for fund members, not the best political dividends for the Labor Party.

Raising financial literacy levels will do more to limit individuals' bad financial decisions and secure wealth in the future than any government regulations, Federal Assistant Treasurer Mal B