Media releases

2000

Small Funds Lead the Way in Super Growth

Funds with less than five members have been the equal strongest growing superannuation sector in the year to June 2000, Assistant Treasurer Senator Rod Kemp announced today.

Review of Part IIIA (Access Regime) of the Trade Practices ACT

The Assistant Treasurer, Senator Rod Kemp today announced that the Productivity Commission has been asked to undertake a review of Part IIIA of the Trade Practices Act 1974 (TPA) and

Overseas Employment and the Residency Status of Self Managed Superannuation Funds (SMSF)

The Assistant Treasurer, Senator Rod Kemp, today announced that the Government would be amending the Income Tax Assessment Act 1936 to make it easier for SMSF trustees to retain complying

Deductibility of Gifts to the RSL Foundation

Gifts to the value of $2 or more made to The RSL Foundation will be deductible for income tax purposes, the Assistant Treasurer, Senator Rod Kemp, announced today.

Modifications to the Taxation Rules Applying to the Merger of Share Premium and Share Capital Accounts

The Assistant Treasurer, Senator Rod Kemp today announced amendments to the transitional taxation measures contained in Company Laws Amendment (Company Law Review) Act 1998 (the Act) conce

Deductibility of Gifts to the Southcare Aero Medical and Rescue Helicopter Service Fund

The Assistant Treasuer Senator Rod Kemp announced that, from today, gifts to the value of $2 or more made to Southcare Helicopter Fund will be deductible for income tax purposes.

Foreign Source Income Taxation - Country Listings

The Assistant Treasurer, Senator Rod Kemp, has approved the inclusion of a number of new countries on the Limited Exemption List of countries, contained within Schedule 10 of the Regulations to the

Comprehensive Taxation Agreement Between Australia and the Russian Federation

The Assistant Treasurer Senator Rod Kemp today announced that he had in Canberra today signed with the Russian First Deputy Finance Minister, Mr Sergei Shatalov a comprehensive taxation agreement b

Workers, not Unions, Should Control Super

Assistant Treasurer, Senator Rod Kemp, today condemned reported comments by ACTU President Sharan Burrow suggesting a role for trade unions in directing superannuation investments.

Entry Into Force of the Protocol Amending the Australia-Finland Double Taxation Agreement

The Assistant Treasurer, Senator Rod Kemp, today announced that the protocol amending the Australia-Finland Double Taxation Agreement will enter into force from today.

Entry Into Force of the Protocol to the Australia-Malaysia Double Taxation Agreement

The Assistant Treasurer, Senator Rod Kemp, today announced that the protocol to the Australia-Malaysia Double Taxation Agreement entered into force on 27 June 2000.

Review of Cost Recovery by Commonwealth Regulatory, Administrative and Information Agencies - Including Fees Charged Under the Trade Practices Act 1974

The Assistant Treasurer today announced that he has asked the Productivity Commission to undertake a review of cost recovery by Commonwealth regulatory, administrative and information agencies - in

Strong Growth of Superannuation Continues

Australia's superannuation assets continued to grow by a strong 17.6 per cent during the year to March 2000, Assistant Treasurer Senator Rod Kemp announced today.

Government Acts on Use of Methanol in Fuel

The Assistant Treasurer Senator Rod Kemp today announced that the Federal Government had acted to remove the excise incentive to blend methanol with petrol by ensuring that excise is payable on the

South Pacific Forum Economic Ministers' Meeting

The Assistant Treasurer, Senator Rod Kemp, will be representing Australia at the 4th annual South Pacific Forum Economic Ministers Meeting, to be held in Alofi, Niue on 25-26 July 2000.

Deductibility of Gifts to the Royal Australian Airforce (RAAF) Memorial Trust Fund

Gifts to the value of $2 or more made to the Royal Australian Airforce (RAAF) Memorial Trust Fund will be deductible for income tax purposes, the Assistant Treasurer, Senator Rod Kemp, announced to

Legislative Changes to Address Aggressive Tax Planning

The Assistant Treasurer, Senator Rod Kemp, today announced that the Government will be introducing amendments to address aggressively marketed employee benefit arrangements.

Deductibilty of Gifts to Overseas AID Funds

The Assistant Treasurer, Senator Rod Kemp, today announced that from 28 June 2000, gifts to the value of $2 or more made to International Needs Overseas Assistance and Development Fund, Australian

Tax Rules for Religious Practitioners

The Assistant Treasurer, Senator Rod Kemp, today announced that religious practitioners will not need to apply for an ABN and will not come within the GST law for their pastoral and related duties.

Small Breweries and Beer Excise

The Assistant Treasurer, Senator Rod Kemp, today announced arrangements to assist the small brewery industry in the transition to the changes in beer taxation under tax reform.