The government has called an election and is now in caretaker

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Media releases

2009

Improvements to the company loss recoupment rules

The Assistant Treasurer, Senator the Nick Sherry, today released Exposure Draft legislation and explanatory material to improve the company loss recoupment rules in Australia.

Further steps to modernise Australia's financial taxation system

The Assistant Treasurer, Senator Nick Sherry, today announced several amendments to the income tax law relating to the

New Australian Government job creation projects

Assistant Treasurer and Labor Senator for Tasmania, Senator Nick Sherry and Sid Sidebottom MP, Federal Member for Braddon, have today announced Australian Government funding to support jobs and

Australia to host International Mint Conference

The Assistant Treasurer, Senator Nick Sherry, has today announced that Australia will host the XXVI International Mint Directors Conference  in Canberra in 2010.

Legislation to boost integrity by abolishing the 'trust cloning' exception

The Assistant Treasurer, Senator Nick Sherry, has today released for public comment draft legislation for the abolition of what is known as the capital gains tax (CGT) "trust cloning exception".

Businesses in Tasmania and Denison deliver strong trade outcomes in face of global recession

Assistant Treasurer and Labor Senator for Tasmania, Senator Nick Sherry and the Hon Duncan Kerr MP, Federal Member for Denison and Parliamentary Secretary for Pacific Island Affairs, have praised

Historic $1 coin to mark Centenary of Girl Guides

The Assistant Treasurer, Nick Sherry and Minister for the Status of Women, Tanya Plibersek, today announced that a $1 coin celebrating the Centenary of Girl Guides will be released into full circ

Australia signs tax transparency treaty with Gibraltar

The Assistant Treasurer, Senator Nick Sherry, has today announced Australia and Gibraltar have signed a Tax Information Exchange Agreement (TIEA), now bringing to seven the number of TIEAs signe

Warning on financial and tax cyber crime

The Assistant Treasurer, Senator Nick Sherry, said today that an Australian Taxation Office (ATO) submission to a Parliamentary inquiry highlights the growing dangers of cyber crime to the financ

Removal of Interest Withholding Tax on Commonwealth Government Securities

Today the Government announces the removal of interest withholding tax (IWT) on Commonwealth Government Securities.

Recognition of a disaster - Typhoon Morakot, Taiwan

The Assistant Treasurer, Senator Nick Sherry, has today announced that Typhoon Morakot, which hit Taiwan on Friday, 7 August 2009, has been recognised as a disaster for the purpose of allowing A

Greater certainty for sovereign investments

The Assistant Treasurer, Senator Nick Sherry, today announced that the Rudd Government will introduce amendments to the income tax law to formalise the existing tax practice of exempting certai

Liberal committee report on Employee Share Schemes threatens Budget bottom line

The Assistant Treasurer, Senator Nick Sherry, today highlighted that the Liberal Party majority report of the Senate Economics Reference Committee Review into Employee Share Schemes poses an imm

Victorian Bushfire Appeal Fund

The Assistant Treasurer, Senator the Nick Sherry, and the Hon Bill Shorten MP, Parliamentary Secretary for Victorian Bushfire Reconstruction, today announced that the Rudd Government will amend F

Draft laws to reform the taxation of employee share schemes released

The Assistant Treasurer, Senator Nick Sherry, has today released the Government's draft legislation to reform the taxation of employee share schemes for a two-track public consultation proces

Minister releases spring sittings program for major tax measures

Ahead of today's commencement of the Spring sittings of Parliament, the Assistant Treasurer, Senator Nick Sherry, has released the Rudd Government's forward work program of tax law reforms for the

System for taxpayer objections to Tax Office decisions to be improved

The Assistant Treasurer, Senator Nick Sherry, has today released the Inspector-General of Taxation's report of his Review into the Underlying Causes and the Management of Objections to Tax O

Australia-New Zealand agreement to significantly cut business red tape

WELLINGTON, NEW ZEALAND - The Assistant Treasurer, Senator Nick Sherry has today announced a world-first agreement between the Australian and New Zealand Governments to continue cutting business

One year on - Australia-New Zealand mutual recognition agreement a success for business

WELLINGTON, NEW ZEALAND - The Assistant Treasurer, Senator Nick Sherry, visiting New Zealand as part of an Australian Ministerial delegation, has marked one year of operation of the Australia-Ne

Tax-time warning on doorknock scam

The Assistant Treasurer, Senator Nick Sherry, is warning Australians of a suspected door-to-door scam by people claiming to be consultants from the Tax Office.