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Media releases

2022

Certainty and stability for family trusts

The Morrison Government recognises that trusts are a legitimate and important way for families – particularly those running small businesses – to manage their financial affairs.

Morrison Government backs Community Foundations with DGR status reforms

The Morrison Government is making it easier for Community Foundations to access donations by granting deductible gift recipient (DGR) status through specific listing in the tax law.

Stronger consumer protections for resold event tickets

The Morrison Government is helping prevent Australians being ripped-off when buying resold event tickets by introducing new disclosure requirements for ticket resale website

Morrison Government passes legislation to deliver reinsurance pool

The Morrison Government has today passed through the Parliament the Treasury Laws Amendment (Cyclone and Flood Damage Reinsurance Pool) Bill 2022, which establishes a cyclone and related f

Simpler and fairer insolvency processes

As part of our plan for a stronger future, the Morrison Government will further simplify and streamline insolvency law, so that viable businesses encountering economic challenges have the opportuni

Board of Taxation reports: R&D Tax Incentive and GST on Low-Value Imported Goods

The Board of Taxation continues its important contribution to Australia’s tax administration with the release of two significant reports today.

Consultation on car parking fringe benefits

The Morrison Government will consult on restoring the previously‑understood application of fringe benefits tax (FBT) to car parking benefits.

2022-­23 Budget delivers $2 billion for more affordable housing

The Morrison Government is providing an additional $2 billion in low‑cost financing to the Morrison Government’s National Housing Finance and Investment Corporation (NHFIC), which will further supp

2022-23 Budget backs aspiring homeowners

The Morrison Government is supporting thousands more Australians to buy their own home sooner as part of our plan for a stronger future, by more than doubling its successful Home Guarantee Scheme i

Greater independence for the Tax Practitioners Board

In accordance with recommendation 3.2 of the review of the Tax Practitioners Board (TPB), the Morrison Government has taken steps to continue to enhance the TPB’s independence, fostering trust and

Insolvency reforms to give company directors greater certainty

The Morrison Government is backing in reforms that provide greater certainty for company directors seeking to save financially distressed but viable companies.

Consultation open on options to improve ancillary fund regulation

The Australian Government is consulting on ways to reduce red tape for Australia’s philanthropy sector.

Morrison Government reforms on track to drive cheaper car service and repair

Australian car owners are set benefit when Morrison Government reforms to bring down the cost of service and repair commence on 1 July 2022.

Morrison Government helping more women secure their future through homeownership

The Morrison Government is helping more women take control of their future and safeguard their economic security through the extremely successful Home Guarantee Schemes.

Consultation open on supporting donations to pastoral care in schools

The Morrison Government is consulting on the implementation of a new tax concession to support pastoral care services in Australian schools.

Parliament passes legislation to drive investment and support first home buyers

The Morrison Government has today passed through the Parliament the Treasury Laws Amendment (Enhancing Superannuation Outcomes For Australians and Helping Australian Businesses Invest) Bill 202

Attracting more investment into Australia to create more jobs

The Morrison Government has today secured passage through the Parliament of the Corporate Collective Investment Vehicle Framework and Other Measures Bill 2021, which will significantly boost intern

Improving the transparency of charitable fundraising during natural disasters

The Morrison Government and Fundraising Institute Australia (FIA) today announced new guidelines for the reporting of charitable fundraising during natural disasters.

Tax deductibility of COVID-­19 test expenses

The Morrison Government is taking action to ensure that COVID‑19 tests (including Polymerase Chain Reaction and Rapid Antigen Tests) are tax deductible for hard‑working Australians, and exempt from

Morrison Government to deliver reduced premiums through reinsurance pool

The Morrison Government has finalised the design of the reinsurance pool for cyclone and related flood damage, following consultation on the draft legislation.