The government has called an election and is now in caretaker
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Media releases
2006
A Plan to Simplify and Streamline Superannuation
The Treasurer released tonight a plan to simplify and streamline superannuation. It includes a suite of proposals to:
Personal Income Tax Cuts
From 1 July 2006, all Australian taxpayers will share in tax cuts worth $36.7 billion over the next four years. This is in addition to the $21.7 billion tax cuts provided in the 2005-06 Budget.
Improving Australias Depreciation Arrangements
The Government has tonight announced a significant improvement in Australia’s depreciation arrangements which will enhance the ability of Australian business to stay up to date with new technology.
Further Measures to Simplify and Streamline the Tax System
As part of the 2006-07 Budget, I am announcing a number of measures designed to improve the tax system by streamlining definitions, providing greater flexibility and reducing complexity and complia
Increased Resourcing for the ATOs High Wealth Individuals Taskforce
The Government will provide the Australian Taxation Office (ATO) with an additional $82million over four years in resources to maintain tax compliance by high wealth individuals and their associate
Further Boost to Australias Venture Capital Sector
The Government has tonight announced a package of measures aimed at increasing activity in the venture capital sector.
Capital Gains Tax (CGT): Government response to the Board of Taxations report on the Post-implementation Review of the Small Business CGT concessions and other improvements
Tonight I announce that the Government will amend the small business CGT concessions to reduce compliance costs for small business as well as increase the availability of the c
Increased Budget Funding For ASIC
The Australian Securities and Investments Commission (ASIC) will receive a significant funding boost of $234.6million over four years in the 2006-07 Budget.
Increase in Wine Equalisation Tax (WET) Producer Rebate
The Government will provide additional support to small and medium sized wine producers through the wine equalisation tax(WET) producer rebate scheme.
Ensuring Appropriate use of Pre 1 July 1988 Funding Credits
The Australian Government will protect the integrity of the taxation system by ensuring that pre-1July1988 Funding Credits (‘funding credits’) can be used only in accordance with the original polic
Additional Funding for the ACCC: Criminal Cartel Enforcement
The Treasurer today announced as part of the 2006-07 Budget additional funding for the Australian Competition and Consumer Commission (ACCC) and the Office of the Commonwealth Director of Public Pr
Fuel Tax Credit System Additional Funding for the Tax Office
The Government will provide $37million over 4 years to the Australian Taxation Office for administration of the new fuel tax credits arrangements announced in the Energy White Paper on 15June 2004.
Australian Government Budget Funding for the Australian Energy Regulator (AER)
The Treasurer today announced as part of the 2006-07 Budget, funding of $74.8million over the next four years for the AER to enable it to continue its existing functions, and also assume additional
Boost To Restore Historic Mawsons Huts In Antarctica
The historic site where renowned Antarctic explorer Sir Douglas Mawson set up camp in 1912 will receive a funding boost of $320,000 for important conservation work.
Future Fund Seed Capital and Investment Mandate
The Government has today transferred $18 billion to the Future Fund.
Nomination of Australian Alternate Director to The European Bank for Reconstruction and Development
The Australian Government has decided to nominate the Hon Peter Reith to continue as an Australian representative to the European Bank for Reconstruction and Development (EBRD) from
Productivity Commission Appointments
I am pleased to announce the appointment of Mr Gary Potts and Dr Steven Kates as Commissioners to the Productivity Commission, and the reappointment of Professor Judith Sloan and Mr Michael Woods a
Consumer Price Index March Quarter 2006
The All Groups CPI increased by 0.9 per cent in the March quarter 2006 to be 3.0 per cent higher through the year.
$15 Million Grant for National Sports Museum at the MCG
The Government announces today a $15 million grant in 2005-06 to help establish the National Sports Museum at the MCG.
$9.6 Million Upgrade of Cronulla Sharks Stadium
The Government is today announcing a grant of $9.6m to upgrade the surrounds and stadium which is home to the Cronulla Sharks in the Sutherland Shire.