Media releases

The Gillard Labor Government has today moved to assist the disaster recovery effort for victims of the Christchurch earthquake, making all donations by Australians tax deductible.

The Assistant Treasurer, Senator Nick Sherry, has today released for public comment a discussion paper that represents a further step towards reforming Controlled Foreign Company (CFC) rules.

Assistant Treasurer, Senator Nick Sherry, today announced that Australia and India will shortly commence discussions to update their existing tax treaty.

The Assistant Treasurer, Senator Nick Sherry, and Minister for Financial Services, Superannuation and Corporate Law, Chris Bowen MP, today announced the Terms of Reference for a

The Gillard Government has today commenced a further stage in the development of an investment manager regime (IMR) by requesting that the Board of Tax consider the design of an IMR as part of i

Assistant Treasurer, Senator Nick Sherry, has today released for public consultation the exposure draft of the Tax Agent Services Amendment Regulations 2010, that will, when enacted, exc

The Assistant Treasurer, Senator Nick Sherry, and the Minister for Environment Protection, Heritage and the Arts, the Hon Peter Garrett MP, today released draft legislation to expand access to fi

Assistant Treasurer, Senator Nick Sherry, and Minister for Small Business, the Hon Dr Craig Emerson MP, today welcomed the announcement by the Commissioner of Taxation, Mr Michael D'Ascenzo, tha

The Assistant Treasurer, Senator Nick Sherry, is today reminding same sex couples of changes to the tax law that will make tax time fairer.

Assistant Treasurer, Senator Nick Sherry, and Minister for Youth, Kate Ellis MP, are advising young people to take advantage of the support and information services available to help them lodge the

Today's announcement of a breakthrough agreement between the Gillard Government and the resources industry on tax reform will ensure that up to 6.4 million Australians get bigger tax returns as w

The Gillard Government will continue to support self-funded retirees by extending the drawdown relief currently provided for account-based superannuation pensions to the 2010-11 year.

Assistant Treasurer, Senator Nick Sherry, today released for public consultation a paper on reforms to the goods and services tax (GST) financial supply provisions.

The Assistant Treasurer, Senator Nick Sherry, today announced further refinements to the income tax law relating to the Taxation of Financial Arrangements (TOFA) Stages 3 & 4 provisions to prov

Legislation to make the taxation of special disability trusts fairer and simpler was passed by Parliament today.

The Assistant Treasurer, Senator Nick Sherry, today welcomed the passage of the Tax Laws Amendment (Foreign Source Income Deferral) Bill (No.1) 2010 through the Senate.

The Assistant Treasurer, Senator Nick Sherry, today welcomed the passage through Parliament of important reforms to Australia's thin capitalisation tax laws as they apply to authorised deposit‑taki

The Assistant Treasurer, Senator Nick Sherry, welcomed the passage of important amendments to the definition of a Managed Investment Trust (MIT).

The Parliament has today passed legislation that streamlines the administration of the goods and services tax (GST) and reduces compliance costs for taxpayers.

The Rudd Government has today introduced legislation into Parliament to implement a number of significant measures that will improve the operation of the tax laws, reduce compliance costs for tax