Media releases

2001

Independent Review Of Job Network

The Assistant Treasurer, Senator Rod Kemp, announced today that the Productivity Commission will undertake an independent review of the Job Network.

Taxation Treatment of Compensation Payments to Members of the Australian Defence Force and of Income Which is Repaid

The Assistant Treasurer, Senator Rod Kemp, today announced that the Government will introduce amendments to the taxation law designed to benefit Australian Defence Force (ADF) members who are injur

Trust Interest Cost Base Measures: Chains Of Trusts

The Assistant Treasurer, Senator Rod Kemp, today announced that the Government will be introducing transitional amendments to ensure that certain investors that hold assets through more than one tr

Australia-Romania Double Taxation Agreement

The Assistant Treasurer, Senator Rod Kemp, today announced that the Australia-Romania Double Taxation Agreement entered into force on 11 April 2001.

Review of the Market Based Activities of the Australian Communications Authority

The Assistant Treasurer Senator Rod Kemp has asked the Productivity Commission (PC) to commence the scheduled review of the Market Based Activities of the Australian Communications Authority (ACA).

Superannuation Contributions Still Growing Strong

Quarterly contributions to superannuation funds are still growing strongly, the Assistant Treasurer Senator Rod Kemp announced today.

Overseas Forces Rebates

The 2001-02 Budget announced that the Income Tax Assessment Act 1936 (the Act) will be amended to prevent periods of overseas service which qualify for the taxation exemption available und

Deductibility of Gifts to Australia for UNHCR

The Assistant Treasurer Senator Rod Kemp, today announced that gifts to the value of $2 or more made to Australia for UNHCR from today to 27 June 2002 will be deductible for income tax pur

Deductibility of Gifts to Research Australia Limited

The Assistant Treasurer Senator Rod Kemp has announced that, from today, gifts to the value of $2 or more made to Research Australia Limited will be deductible for income tax purposes.

Conversion of Franking Accounts

The Assistant Treasurer announced today that, in view of the reduction in the company tax rate from 34% to 30% for the 2001-02 and following income years, the Government will introduce legislation

Deductibility of Gifts to the Bradman Memorial Fund

The Assistant Treasurer Senator Rod Kemp has announced that, effective from 25 February 2001 (the date of Sir Donald Bradman's death), gifts to the value of $2 or more made to The Bradman Memorial

Deductibility of Gifts to the Visy Cares Charitable Trust

The Assistant Treasurer Senator Rod Kemp has announced that, from today, gifts to the value of $2 or more made to the Visy Cares Charitable Trust will be deductible for income tax purposes.

Dividend Imputation: Life Insurance Companies

The Assistant Treasurer, Senator Rod Kemp, today announced transitional arrangements relating to amendments to the Income Tax Assessment Act 1936 to close a loophole in the dividend imputa

Simon Crean's Legacy for Australian Families : $308 More On Your Mortgage Interest Bill

Simon Crean and Kim Beazley left Australians with mortgage rates of 10.5 per cent in 1996. They are now 6.8 per cent.

Deductibility of Gifts to the Breast Cancer Network Australia

The Assistant Treasurer Senator Rod Kemp has announced that, from today, gifts to the value of $2 or more made to the Breast Cancer Network Australia will be deductible for income tax purp

Reduction In Surcharge On Certain Termination Payments

The Government will make three amendments to improve the operation of the termination payments surcharge and the superannuation contributions surcharge as they apply to employer eligible terminatio

Non-Complying Superannuation Funds

I am announcing today an amendment to the income tax law to prevent non-complying superannuation funds and non-complying approved deposit funds receiving a refund of excess imputation credits.

Rate Per Kilometre Method Of Deducting Car Expenses 5,000 Business Kilometres Or Less

Assistant Treasurer, Senator Rod Kemp, today announced the rates at which certain taxpayers will be able to claim income tax deductions for car expenses during the 2000-2001 income year.

Deductibility of Gifts to the Sir Earle Page Memorial Trust Public Fund

The Assistant Treasurer, Senator Rod Kemp, has announced that, from today, gifts to the value of $2 or more made to the The Sir Earle Page Memorial Trust Public Fund will be deductible for

Deductibility of Gifts to the Foundation For Young Australians

The Assistant Treasurer, Senator Rod Kemp, announced that, from today, gifts to the value of $2 or more made to The Foundation For Young Australians will be deductible for income