Media releases

2010

Beware of phishing scam promising tax refunds

The Assistant Treasurer, Senator Nick Sherry, is warning Australians of a new email phishing scam using the lure of a tax refund to try to steal private information.

Strong response from Cairns local businesses to tax taskforce visit

The Assistant Treasurer, Senator Nick Sherry, and Federal Member for Leichhardt, Jim Turnour, have reported a strong response from Cairns small business owners to the visit of a specialist taskf

Minister congratulates Tax Commissioner on Australia Day award

The Assistant Treasurer, Senator Nick Sherry, has congratulated the Commissioner of Taxation, Mr Michael D'Ascenzo, on being named in the Australia Day honours List.

New consultation on GST administration measures

The Rudd Government has made further progress in the reform of the administration of the good and services tax (GST), with the Assistant Treasurer, Senator Nick Sherry, today releasing a new roun

Australia and Chile to sign historic tax treaty

The Assistant Treasurer, Senator Nick Sherry, today announced that Australia and Chile had reached agreement in principle on a new income tax treaty – the first between the two countries.

Stunning new coin for Australia Day

In the lead-up to Australia Day, the Assistant Treasurer, Senator Nick Sherry, today announced the design of the newest coin to go into the hands of Australians.

Specialist Tax Office support team flies in to assist Cairns local businesses

The Assistant Treasurer, Senator Nick Sherry, and Federal Member for Leichhardt, Jim Turnour, are urging Cairns small business owners to take advantage of the upcoming stage of the Rudd Governme

Art display a first for the Mint

Coins and their designs are rarely thought of as works of art – but over the next month an exclusive exhibition at the Royal Australian Mint will showcase just that.

Donations in response to the Haiti earthquake

In response to the tragic earthquake in Haiti, the Assistant Treasurer is advising Australians wishing to make donations towards relief efforts that overseas donations are treated differently for

Government welcomes Johnson report on Australia as a financial services centre

The Government welcomes the Australian Financial Centre Forum's report on Australia as a Financial Centre (the Johnson Report).

Government acts to provide certainty on Taxation of Financial Arrangements

The Assistant Treasurer, Senator Nick Sherry, today has moved to confirm the intention of the Taxation of Financial Arrangements (TOFA) transitional balancing adjustment provisions, as the Janua

New merger tax rules to make it easier for shareholders

The Assistant Treasurer, Senator Nick Sherry, today announced the Government will make it easier for shareholders to defer certain capital gains made during takeovers or when companies merge.

Release of consultation paper on reform of Controlled Foreign Company (CFC) rules

The Assistant Treasurer, Nick Sherry, has today released a consultation paper setting out the proposed high-level design of the taxation laws to modernise the controlled foreign company (CFC) rules

Tax clarity for rural communities and small business operators a step closer

Tax rules clarity and certainty for rural communities and small business operators is a step closer with the release today by the Assistant Treasurer, Senator Nick Sherry, of draft legislation on t

Government welcomes Productivity Commission report on executive remuneration

The Government welcomes the Productivity Commission's final report on Australia's director and executive remuneration framework.

2009

Figures show Tasmania can look to a hopeful 2010

Assistant Treasurer and Labor Senator for Tasmania, Nick Sherry, says the latest State and national economic figures point to a hopeful 2010 for Tasmania – which is leading the rest of Australia

Small businesses need to hurry to cash in on their Christmas tax break

As the Christmas sales approach, the Assistant Treasurer, Senator Nick Sherry, and Small Business Minister, Dr Craig Emerson, are reminding business owners they have only a few days left to take

Release of draft legislation to repeal Foreign Investment Fund rules

The Assistant Treasurer, Nick Sherry, today released for public consultation exposure draft legislation that will repeal the Foreign Investment Fund (FIF) rules and Deemed Present Entitlement (DP

Draft legislation to protect forestry Managed Investment Scheme investors

The Assistant Treasurer, Senator Nick Sherry, has today released for public consultation draft legislation to change a key tax rule for forestry managed investment schemes (MIS) that will protec

Deductibility of gifts to Bali Peace Park Association

The Assistant Treasurer, Senator Nick Sherry, has today announced the Rudd Government will introduce legislation to allow tax deductions for gifts to the Bali Peace Park Association Inc.