Media releases

Latest figures show that superannuation assets and contributions continue to record very strong growth, the Assistant Treasurer, Senator Rod Kemp, announced today.

Amendments contained in the Child Support Legislation Amendment Bill 1998 due to come into effect on 1 July 1998 have been delayed due to pressure of business in the Senate.

The Government has decided that the accreditation and withholding provisions of the new law to combat sales tax fraud in the computer industry will commence on 1 September 1998.

I am releasing today a draft of proposed amendments to the Income Tax Assessment Act 1936.

The Government has decided to amend the income tax law to allow deductions for gifts of the value of $2 or more made to the following fund:

Although it had no revenue implications, the Government included in the Budget papers proposals that would tighten the investment restrictions on all superannuation funds (including self-managed su

Under new withholding arrangements starting on 1 July 1998 eligible small businesses will have the option to remit these payments on a quarterly, rather than monthly basis.

Australian savers will be rewarded by the Government following the successful passage of the Savings Rebate through the Senate, the Assistant Treasurer Senator Rod Kemp, said today.

The Australian Labor Party and the Democrats have put forward positions on superannuation choice of fund which would not guarantee employees any choice of fund at all.

A number of reforms to the child support scheme were announced today by the Minister for Social Security, the Attorney General and the Assistant Treasurer. 

The 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 1997-98 income year.

The Assistant Treasurer, Senator Rod Kemp, announced today that the Governor-General has appointed Mr Michael DAscenzo to the position of Second Commissioner of Taxation.

The Government has decided on new start dates for choice of superannuation fund for new employees and for the Superannuation Guarantee 'opt out' measure, the Assistant Treasurer, Senator Rod Kemp,

The Assistant Treasurer, Senator Rod Kemp, representing Australia, attended the Annual Ministerial Council Meeting (MCM) of the OECD and the Annual Meeting of the Asian Development Bank on 28-29 Ap

The Government has decided to amend the income tax law to allow deductions for gifts of the value of $2 or more, made on or after the date of this Press Release, to the following fund:

The Assistant Treasurer, Senator Rod Kemp, announced today that the start date for superannuation choice for new employees would be deferred.

A new legislative framework for tax agent services has been approved by the Government, the Assistant Treasurer, Senator Rod Kemp, announced today.

The Government is announcing the provisional tax exemption thresholds to apply for pensioners in respect of the 1998-99 income year.

The Assistant Treasurer, Senator Rod Kemp, today tabled in the Senate a copy of the current draft of the Multilateral Agreement on Investment (MAI) and Australias schedule of preliminary reservatio

I am announcing today additional amendments to proposed Division 7A of the Income Tax Assessment Act 1936 which was introduced into the House of Representatives in Taxation Laws Amendment Bill (No.