Media releases

The Assistant Treasurer, Senator Nick Sherry, tonight announced that the Government will introduce legislation to make amendments to the capital gains tax (CGT) provisions to improve the ability fo

The Rudd Government will amend the GST legislation to help Australian recreational boat builders compete with international manufacturers.

The Rudd Government will make important changes to eligibility requirements for film tax offsets that will provide a boost for the Australian film industry.

The Government has today responded to the Report of the Australian Financial Centre Forum Australia as a financial centre: Building on our strengths (the "Johnson" Report).

The Rudd Government will make it easier to fill out tax returns by offering a standard tax deduction that is expected to deliver a bigger tax return for 6.4 million Australians.

The Rudd Government will provide an extra boost to banking competition by allowing non-major banks to access cheaper funding so they can offer cheaper loans to Australian households and businesses.

The Government will reduce compliance costs for businesses through a package of GST reform measures to help business owners spend less time wading through red tape.

Investors in capital protected borrowings will be the big winners of a $28 million initiative to adjust the benchmark interest rate on these borrowings from tonight.

The Rudd Government will introduce a new regulatory framework to improve the integrity of public ancillary funds and further boost confidence in the philanthropic sector.

The Rudd Government will start consultation on an investment manager regime (IMR) that will reform and expand Australia's managed funds industry by removing impediments to international investment.

The Rudd Government will amend income tax law to improve the operation of rules relating to the calculation and collection of income tax liabilities from consolidated groups and multiple entry cons

The Assistant Treasurer, Senator Nick Sherry, tonight announced that the Government will introduce legislation to make amendments to the capital gains tax (CGT) provisions to improve the ability fo

The Rudd Government will make important changes to eligibility requirements for film tax offsets that will provide a boost for the Australian film industry.

The Rudd Government will amend the GST legislation to help Australian recreational boat builders compete with international manufacturers.

The Government has today responded to the Report of the Australian Financial Centre Forum Australia as a financial centre: Building on our strengths (the "Johnson" Report).

The Assistant Treasurer, Senator Nick Sherry has today announced the Rudd Government will put in place a new tax system for Managed Investment Trusts (MITs) for commencement on 1 July 2011.

The Assistant Treasurer, Senator Nick Sherry has today announced the Rudd Government will put in place a new tax system for Managed Investment Trusts (MITs) for commencement on 1 July 2011.

The Assistant Treasurer, Senator Nick Sherry, has represented Australia at the inaugural East Asian Summit (EAS) Finance Ministers' Meeting (FMM), held on the margins of the Annual Meetings of th

The Assistant Treasurer, Senator Nick Sherry, has today released for public comment draft legislation that extends tax deductible donation support to all 6,200 Australian volunteer fire brigades

The Assistant Treasurer, Senator Nick Sherry, has today released for public comment draft legislation that extends tax deductible donation support to all 6,200 Australian volunteer fire brigades