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Media releases

2009

Greater certainty for taxpayers using public binding advice

The Assistant Treasurer, Senator Nick Sherry, has today released the Inspector-General of Taxation's (IGT) report on the Review of the Tax Office's administration of public binding advice

Government welcomes $13 billion tax compliance haul

Assistant Treasurer, Senator Nick Sherry, has today welcomed the Australian Taxation Office's (ATO) $13 billion haul of outstanding taxes and liabilities from individuals and companies trying to

Senator Abetz must apologise and resign

The Assistant Treasurer and Senator for Tasmania, Senator Nick Sherry, has today called on Tasmanian Liberal Senator, Eric Abetz, to do the honourable thing and apologise to the people of Tasmani

Action to reform tax treatment of special disability trusts

The Assistant Treasurer, Senator Nick Sherry, has today released a consultation paper on proposed reforms to the tax treatment of special disability trusts to ease the financial burden on people

Exposure Draft Tax Agent Services Regulations

The Assistant Treasurer, Senator Nick Sherry, has today released for public comment a final version of the Regulations for the new national tax agents system.

Tax time a boost for private charitable trusts

Tax time this year has provided a $20 million dollar boost for the charity sector, with the Assistant Treasurer, Senator Nick Sherry, approving the registration of 36 private charitable trusts.

Productivity Commission study into mechanisms to purchase water entitlements

Minister for Climate Change and Water, Senator Penny Wong, and the Assistant Treasurer, Senator Nick Sherry, today announced a Productivity Commission study into alternative market mechanisms that

Details of further industry consultations on employee share schemes tax reforms

The Assistant Treasurer, Senator Nick Sherry, has today released the timeframes for the final round of industry consultations on reforms to the taxation of employee share schemes, including releasi

Tax crackdown nets $313 million in 2008-09

Two high-profile tax crackdowns have this past financial year raised more than $313 million in tax liabilities and penalties against tax cheats the Assistant Treasurer, Senator Nick Sherry, has

Release of draft legislation to protect $655m in revenue

Assistant Treasurer, Senator Nick Sherry, has today released for consultation an Exposure Draft Bill aimed at protecting $655 million in revenue, put at risk as a result of a decision last year

Assistant Treasurer launches Australian citizenship $1 coin

The Assistant Treasurer, Senator Nick Sherry, has today launched a commemorative $1 coin celebrating Australian citizenship and marking the 60th anniversary of the Nationality and Citizenship A

More tax return options for Australians

With tax time here, the Assistant Treasurer, Senator Nick Sherry, is encouraging Australians to take advantage of the extensive range of options to make filing their tax returns easier and more

Taxation of employee share schemes

The Assistant Treasurer, Senator Nick Sherry, today released a Policy Statement setting out the final taxation treatment of shares and rights acquired under employee share schemes, effective from t

Australia Endorses Ongoing Global Efforts to Combat Tax Avoidance and Evasion

The Assistant Treasurer, Senator Nick Sherry, today confirmed that following the Second Conference on the Fight against International Tax Fraud and Evasion held in Berlin, Germany, the

New tax relief starts tomorrow

New tax relief starting tomorrow will boost incentives for hard work, building on last year's tax cuts and the Government's economic stimulus payments to deliver substantial benefits to low and

Australia endorses ongoing global efforts to combat tax avoidance and evasion

The Assistant Treasurer, Senator Nick Sherry, today confirmed that following the Second Conference on the Fight against International Tax Fraud and Evasion held in Berlin, Germany, the Rud

New tax treaty signed with New Zealand

The Minister for Trade, Simon Crean, and the Assistant Treasurer, Senator Nick Sherry, today announced that Australia and New Zealand have signed a new tax treaty to replace the existing treaty and

New tax information protocol with Belgium

The Minister for Trade, Simon Crean, and the Assistant Treasurer, Senator Nick Sherry, today announced the signing of a Protocol to amend the tax treaty between Australia and the Kingdom of Belgi

Important philanthropic reforms and further sector consultation

The Assistant Treasurer, Senator Nick Sherry, has today introduced into Parliament the Tax Laws Amendment (Measures No 4) Bill 2009, which establishes for the first time a comprehensive