Media releases

The Assistant Treasurer, Senator Nick Sherry, has launched a publication in Sydney today aimed at encouraging the growth of Islamic finance in Australia by dispelling the misconceptions about

The Rudd Government today introduced legislation into Parliament that will amend the definition of a managed investment trust (MITs) for access to withholding tax concessions to more closely ali

The Rudd Government has today introduced a Bill into Parliament to further reform the administration of the goods and services tax (GST) and to reduce compliance costs for a range of taxpayers.

The Rudd Government today introduced legislation into Parliament that will amend the definition of a managed investment trust (MITs) for access to withholding tax concessions to more closely ali

Important amendments to the thin capitalisation tax rules as they apply to authorised deposit taking institutions (ADIs) have been introduced into Parliament today, said the Senator Nick Sherry,

The Rudd Government has today introduced legislation to reform the tax treatment of unexpended income of a special disability trust.

The Coalition has abandoned Australia's strategy of becoming a major financial services hub by opposing the historic reforms to interest withholding tax (IWT) announced in the Budget, the Minist

The Assistant Treasurer, Senator Nick Sherry, today encouraged residents in selected parts of Australia to play a vital role in helping get Australia's population count right by taking part in a te

The Assistant Treasurer, Senator Nick Sherry, has today announced that agreements for the allocation of taxing rights with the Isle of Man, Jersey and the British Virgin Islands have come into f

The Assistant Treasurer, Senator Nick Sherry, today announced the Rudd Government would rewrite the tax law's running balance account provisions to provide the flexibility to manage tax debts an

Assistant Treasurer, Senator Nick Sherry, and Minister for Ageing, Justine Elliot MP today announced the appointment of Sue Macri AM as Associate Commissioner to the Productivity Commission inqui

The Assistant Treasurer, Senator Nick Sherry, said today that the Coalition's vow to scrap the Resource Super Profits Tax would mean the end of the standard tax deductions measure announced in th

Assistant Treasurer, Senator Nick Sherry, today revealed that the Leader of the Opposition, Tony Abbott, has managed to blow a minimum $2.1 billion hole in the forward estimates, and seriously pu

The Rudd Government has today commenced a national consultation on the tax treatment of native title, including the interaction of native title, Indigenous economic development and the tax system

The Assistant Treasurer, Senator Nick Sherry, has today announced the terms of reference for the Board of Taxation's review of the tax treatment of Islamic finance in Australia.

The Rudd Government has today introduced legislation to enact significant reforms to Australia's foreign source income anti-tax-deferral (attribution) rules by repealing the foreign investment fu

The Assistant Treasurer, Senator Nick Sherry, has welcomed the passage today of legislation containing the 2009-10 Budget measure to allow a managed investment trust (MIT) to elect to have the c

Australia's tax consolidation regime was today significantly enhanced by the passage of laws that resolve several long-standing operational issues and provide greater certainty and less compliance

The Assistant Treasurer, Senator Nick Sherry, today welcomed the passage through Parliament of amendments that protect investors in forestry managed investment schemes (MIS) from an adverse and uni

The Assistant Treasurer, Senator Nick Sherry, today announced that Australia has signed a bilateral tax treaty with the Marshall Islands for the exchange of tax information.