Media releases

2009

Legislation introduced to reform the taxation of Employee Share Schemes

The Rudd Government has today introduced into Parliament the final form of the legislation to reform the taxation of employee share schemes, an important integrity measure contained in the 2009-1

Legislation introduced to close $700 million hobby farm tax loophole

The Government has today introduced legislation to close the tax loophole around hobby farms and similar non-commercial pursuits by high-income individuals, as part of the Government's commitment

Government to provide tax certainty to investors in forestry Managed Investment Schemes

The Assistant Treasurer, Senator Nick Sherry, has today announced the Rudd Government will amend the tax law to protect around 19,000 investors in forestry managed investment schemes (MIS) from a

Anti-tax evasion strategy paying major dividends

Assistant Treasurer, Senator Nick Sherry today announced the national strategy aimed at stamping out tax evasion is reaping dividends for the Australian community.

Rudd Government appoints expert Tax Design Advisory Panel

Assistant Treasurer, Senator Nick Sherry, today announced the composition of Tax Design Advisory Panel, delivering on the Rudd Government's commitment to enhanced consultation with the business com

Tax bonus pushes tax return lodgements to record 96%

The Assistant Treasurer, Senator Nick Sherry, today released the Inspector-General of Taxation's (IGT) Review into the non-lodgement of individual income tax returns, while announcing t

Tasmania leads the way in combating global recession

Assistant Treasurer and Labor Senator for Tasmania, Senator Nick Sherry, and Dick Adams MP, Federal Member for Lyons, have welcomed the results of a leading survey showing Tasmania has the best

Australia signs another new tax transparency treaty as global effort against tax evasion picks up speed

ISTANBUL, TURKEY - Assistant Treasurer, Senator Nick Sherry, has announced that Australia and Guernsey, a significant financial centre, have today signed a new tax information exchange agreem

Australia convenes Pacific economic ministers to discuss global recession

ISTANBUL, TURKEY – During the International Monetary Fund (IMF) and World Bank Annual Meetings, and three weeks before the first Pacific Islands Forum Economic Ministers' Meeting (FEMM) since the

First Set of Legislation to Simplify GST Rules Released for Public Consultation

The Assistant Treasurer, Senator Nick Sherry, has today released for public comment the first set of legislation aimed at making it simpler for business owners to carry out their goods and serv

Australia attends Fourth Bali Dialogue on climate change and the economy

Assistant Treasurer, Senator Nick Sherry, today represented Australia at the Fourth Bali Dialogue held in Istanbul, Turkey.

First set of legislation to simplify GST rules released for public consultation

The Assistant Treasurer, Senator Nick Sherry, has today released for public comment the first set of legislation aimed at making it simpler for business owners to carry out their goods and serv

Australia continues role as global leader against tax havens

A month after Australia was elected chair of the Global Forum on tax transparency and information exchange, the Assistant Treasurer, Senator Nick Sherry, has today addressed an international for

Assistant Treasurer to attend IMF and World Bank meetings

This afternoon the Assistant Treasurer, Senator Nick Sherry, is travelling to the Annual Meetings of the International Monetary Fund (IMF) and World Bank in Istanbul, Turkey, to continue the Rudd

Valuable research and literacy tool coming to classrooms across Australia

The Assistant Treasurer, Senator Nick Sherry, has welcomed the move by the Australian Bureau of Statistics (ABS) to run its CensusAtSchool project on an annual basis and is urging students to re

Tax break helping business investment across Lindsay

The Rudd Government's Small Business Tax Break has encouraged local businesses to invest in their productive capacity and keep Penrith working, the Assistant Treasurer, Senator Nick Sherry and F

Rudd Government's stimulus strategy delivers $200 million boost to Lindsay

The Rudd Government's stimulus strategy is helping to keep Penrith working by injecting $200 million into the local economy in just the last nine months, the Assistant Treasurer, Senator Nick Sherr

Government welcomes Productivity Commission's draft report on executive remuneration

The Government welcomes the release today of the Productivity Commission's discussion draft of its report Executive Remuneration in Australia.

Another transparency measure on wheat reforms delivered

The Rudd Government is delivering on another transparency measure announced as part of the bulk wheat export marketing reforms last year.

Australia elected chair of Global Forum

The Global Forum on Transparency and Exchange of Information for Tax Purposes, the international body tasked with monitoring tax havens, tax preferential jurisdictions and promoting internationa