Media releases

2007

Improvements to Petroleum Resource Rent Tax

The Government has announced three policy changes to the petroleum resource rent tax (PRRT), directed at lowering compliance costs for PRRT taxpayers and removing inconsistencies.

Improving the Income Tax Law for Consolidated Groups

The Government has announced a package of improvements to the income tax law affecting consolidated groups and multiple entry consolidated groups (MEC groups).

Tax Office Debt Collection Enhancement Reducing Taxation Debt and Outstanding Superannuation Guarantee Charge Payments

The Government will provide additional funding to the Australian Taxation Office of $125.7 million over four years (including $5.9 million in capital over three years) to enable the Tax Office

Company Loss Recoupment Rules

The Government has announced that it will remove the $100 million cap on the same business test (SBT).

Excise - Reducing Compliance Costs for Businesses

The Government will implement two measures that will reduce compliance costs for businesses that are licensed excise manufacturers or importers of equivalent products.

Extending Small Superannuation Fund Capital Gains Tax (CGT) Roll-Over on Marriage Breakdown

The Government has announced an extension to the CGT marriage breakdown roll-over for small superannuation funds.

Increase in the Medicare Levy Low-Income Thresholds

To ensure that low-income families and individuals are exempt from paying the Medicare levy, the Government will increase the Medicare levy low-income thresholds for individuals and families and th

Tax Agent Services - Release of Exposure Draft Legislation

The Minister for Revenue and Assistant Treasurer, Peter Dutton, today released the draft Tax Laws Amendment (Tax Agent Services) Bill 2007 and associated draft Tax Administration Am

Deductibility of Gifts to the Social Ventures Australia

Today, the Minister for Revenue and Assistant Treasurer, the Hon Peter Dutton MP, has announced that gifts of $2 or more donated to Social Ventures Australia are tax deductible from today.

Enhancing the Integrity of Insurance in Australia

The Minister for Revenue and Assistant Treasurer, Peter Dutton MP, today announced reforms to enhance protection for Australian consumers and businesses from unauthorised direct offs

Deductibility of Gifts to the Australian Peacekeeping Memorial Project Inc

Today, the Minister for Revenue and Assistant Treasurer, the Hon Peter Dutton MP, has announced that gifts of $2 or more donated to the Australian Peacekeeping Memorial Project Inc are tax deduct

Labor Wants To Raid Your Future Savings

Labor is once again out to get its hands on your money to spend on their irresponsible political projects.

Simplified Superannuation Transitional Integrity Measure

The Minister for Revenue and Assistant Treasurer, Peter Dutton, today announced a transitional integrity measure to support the Simplified Superannuation reforms.

The Inspector-General of Taxation's review of Tax Office's Management of Complex Issues - Case Study on Service Entity Arrangements

The Government today released the Inspector-General of Taxation’s report Review of Tax Office’s management of complex issues — Case study on service entity arrangements.

Medical Indemnity Premiums Fall Again

“Medical indemnity premiums have fallen for the third year in a row meaning professional cover remains both available and affordable for doctors,” Minister for Revenue and Assistant Treasurer, Pe

Tax Help for Primary Producers

Farmers have been given a helping hand with a cap on the ‘effective life’ of tractors and harvesters for income tax purposes, Minister for Revenue and Assistant Treasurer, Peter Dutton, announce

Labor Must Act to Cut Property Taxes in Queensland

Peter Beattie and Labor’s state property taxes on homes have hurt Queensland families for too long and should be scrapped, Peter Dutton, Minister for Revenue and Assistant Treasurer said today.

Labor Scaremongering on Superannuation Benefits for Defence Force Personnel

Labor has today been caught out propagating unsubstantiated rumours that some Australian Defence Force personnel may be forced to pay more tax under regulations being drafted by Treasury to accom

Families of Defence and Police Personnel Given More Support Through New Superannuation Death Benefit Arrangements

“The Howard Government will provide further financial support to families of Australian Defence Force personnel, Australian Federal Police and state and territory police killed in the line of dut