The government has called an election and is now in caretaker

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Media releases

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.

Tax deductible status for important environment and climate change organisations

The Assistant Treasurer, Senator Nick Sherry, and the Minister for the Environment, Peter Garrett, have today announced that 11 organisations involved in the fight against climate change and helpin

Tax deductible status for eight Australian aid funds

The Assistant Treasurer, Senator Nick Sherry, has today announced eight Australian organisations funding overseas development projects have been granted tax deductible status.

Draft legislation to change thin capitalisation rules

The Assistant Treasurer, Senator Nick Sherry, has today released for public consultation draft legislation, together with explanatory material, on the proposed changes to the thin capitalisation

Australia and Samoa sign tax transparency agreement

The Assistant Treasurer, Senator Nick Sherry, and the Samoan Minister of Revenue, the Hon Tuu'u Anasi'i Leota, today signed a bilateral tax information exchange agreement (TIEA) th

Another boost for tax transparency program

The Assistant Treasurer, Senator Nick Sherry, and the Dutch Ambassador, HE Mr Cornelis Wilhelmus Andreæ, today signed a bilateral tax information exchange agreement (TIEA) that wi

Release of report into personal services tax laws

The Assistant Treasurer, Senator Nick Sherry, has today released the Board of Taxation's review into whether the tax rules on the alienation of personal

New round of GST administration reform

The Rudd Government has taken another step in the reform of the administration of the Good and Services Tax (GST), with the Assistant Treasurer, Senator Nick Sherry, today releasing for public comm

Devonport locals take to their wheels at new skate park

The young people of Devonport took to their wheels today as Assistant Treasurer and Senator for Tasmania, Nick Sherry, and Member for Braddon, Sid Sidebottom MP, officially opened the Devonport Ska

Release of draft legislation on tax treatment of Managed Investment Trusts disposals

The Assistant Treasurer, Senator Nick Sherry, has today released for public consultation the Rudd Government's draft legislation, together with explanatory material, on the proposed changes to t

RAGS plant upgrade enriches us all

The Member for Braddon Sid Sidebottom has joined Assistant Treasurer Senator Nick Sherry and the Parliamentary Secretary for Regional Development Maxine McKew in welcoming today's official openi

Australia and Canada begin work to update tax treaty

The Assistant Treasurer, Senator Nick Sherry, today announced Australia and Canada have begun negotiations to update their existing tax treaty.

Passage of budget bill delivers $835 million to bottom line

The Assistant Treasurer, Senator Nick Sherry, today welcomed the passage of the Tax Laws Amendment (2009 Budget Measures No. 2) Bill 2009 through the Senate.

Capital Gains Tax relief widened to assist irrigators and operators

The Assistant Treasurer, Senator Nick Sherry, and the Minister for Climate Change and Water, Senator Penny Wong, today announced that the Government will provide a capital gains tax (CGT) roll-ove

Review findings on Tax Office settlement process

The Assistant Treasurer, Senator Nick Sherry, today released the Inspector-General of Taxation's Review into aspects of the Tax Office's settlement of active compliance activities

Proposed tax changes to provide certainty to sovereign investments

The Assistant Treasurer, Senator Nick Sherry, has today released a consultation paper on the proposed changes to the income tax law to formalise the existing tax practice of exempting certain inc