Media releases

2010

Productivity Commission Report into Gambling

The Australian Government today released the 2010 Productivity Commission Report into Gambling for consideration by States, Territories, industry and the wider community. 

Tax Time Gain for Over 2 Million People in New South Wales

The Assistant Treasurer, Senator Nick Sherry, has today released data showing there are more than 2 million people in New South Wales who will benefit from the Rudd Government's tax time standar

Important Reforms To Benefit Managed Investment Trusts

The Assistant Treasurer has today announced the detail of amendments to the definition of a managed investment trust (MIT) which widen the scope of trusts to benefit from taxation concessions ava

Further Reforms for Simpler GST Administration

The Parliament has passed important legislation that will see significant improvements to the administration of the goods and services tax (GST).

Single, Modern and Streamlined Tax Law a Step Closer

The Assistant Treasurer, Senator Nick Sherry, welcomed the approval by Parliament today of legislation which makes significant progress in the Rudd Government's aim of a single modern income tax

New laws boost fight against phoenix tax fraud

The Assistant Treasurer, Senator Nick Sherry, has highlighted a significant strengthening of laws to fight fraudulent 'phoenix' activity which was passed by Parliament today.

New rules on non-commercial loans improve fairness and integrity of the tax system

The Assistant Treasurer, Senator Nick Sherry, said today's passage of changes to the non-commercial loan rules will improve the integrity and fairness of the tax system.

New law gives taxpayers certainty in finalising tax affairs

The Assistant Treasurer, Senator Nick Sherry, has today welcomed the passage of legislation that will repeal over 100 provisions in the income tax laws that give the Tax Commissioner an unlim

Medicare levy changes to bring greater equity and assist low-income earners become law

The Assistant Treasurer, Senator Nick Sherry, has welcomed the passage through Parliament today of the Rudd Government's increase in the Medicare levy threshold.

Proposals to give both individual and business taxpayers easier choices in their tax affairs

The Assistant Treasurer, Senator Nick Sherry, has today announced that the Rudd Government will review the income tax law in relation to individuals and businesses making 'elections' or choices

Terms of reference for Productivity Commission report on the impacts and benefits of COAG reforms

The Treasurer, Wayne Swan, and the Assistant Treasurer, Senator Nick Sherry, today released the terms of reference for the Productivity Commission report on the impacts and benefits of Council

Draft legislation to provide home owners Capital Gains Tax relief for partial compulsory acquisitions

The Assistant Treasurer, Senator Nick Sherry, has today released for public comment exposure draft legislation to extend the capital gains tax (CGT) main residence exemption for compulsory acquisit

Tax time gain for 140,000 Tasmanians

The Assistant Treasurer, Senator Nick Sherry, has today released data showing that there are 140,000 people in Tasmania who will benefit from the Rudd Government's tax time standard work deducti

Abbott opposes tax time gain for 660,000 West Australians

The Assistant Treasurer, Senator Nick Sherry, has today released data showing that there are 660,000 people in Western Australia who stand to lose out if the Coalition maintains its commitment to

Abbott opposes tax time gain for 460,000 South Australians

The Assistant Treasurer, Senator Nick Sherry, has today released data showing that there are 460,000 people in South Australia who stand to lose out if the Coalition maintains its commitment to d

Exposure draft regulations for Tax File Number withholding for closely held trusts

The Assistant Treasurer, Senator Nick Sherry, has today released for public consultation the exposure draft regulations and explanatory material for extending tax file number (TFN) withholding to

Australia and Turkey Sign Historic Tax Treaty

The Assistant Treasurer, Senator Nick Sherry, has announced that Australia and Turkey have signed a new income tax treaty - the first between the two countries.

Government releases report on Australia's anti-dumping and countervailing system

The Assistant Treasurer, Nick Sherry, and the Minister for Home Affairs, Brendan O'Connor, today welcomed the tabling of the Productivity Commission's final report on Australia's anti-dumping

Support for one laptop per child Australia

The Prime Minister and the Assistant Treasurer, Senator Nick Sherry, have today announced tax deductible donation status for One Laptop per Child Australia Ltd.

Government releases report on Australia's anti-dumping and countervailing system

The Assistant Treasurer, Nick Sherry, and the Minister for Home Affairs, Brendan O'Connor, today welcomed the tabling of the Productivity Commission's final report on Australia's anti-dumping