Media releases

2000

Exception to Superannuation IN-House Asset Rules

The Assistant Treasurer, Senator Rod Kemp, today announced the commencement of regulations which allow small superannuation funds to invest in certain related companies and unit trusts.

Amendments to the Luxury Car Tax

The Assistant Treasurer, Senator The Hon. Rod Kemp, today announced that the Government will move to ensure that motor homes and campervans are not subject to the Luxury Car Tax (LCT).

Privacy restrictions on Australian Business Register

The Assistant Treasurer, Senator The Hon.

Transitional Relief for DIY Superannuation Funds from CGT

The Assistant Treasurer, Senator Rod Kemp, today announced that the Government will introduce amendments to the New Business Tax System (Miscellaneous) Bill (No.2) 2000 to allow members of self-man

Change in the TAX status of constitutionally protected superannuation funds

The Assistant Treasurer, Senator Rod Kemp, today announced that the Government will introduce amendments to the taxation law to facilitate a change in the status of constitutionally protected super

Section 115-45 Capital Gains Tax (CGT) Discount Integrity Measure

The Assistant Treasurer, Senator Rod Kemp, today announced amendments to improve the practical operation of the Capital Gains Tax (CGT) discount integrity measure contained in section 115-45 of the

Deductibility of Gifts to the RSL and 6th Division Australian-Hellenic Memorial Education Fund

Gifts to the value of $2 or more made to the RSL and 6th Division Australian-Hellenic Educational Memorial Fund from today to 13 June, 2002 will be deductible for income tax purposes, the

Deductibility of Gifts to the RSL and 6th Division Australian-Hellenic Memorial Education Fund

Gifts to the value of $2 or more made to the RSL and 6th Division Australian-Hellenic Memorial Education Fund will be deductible for income tax purposes, the Assistant Treasurer, Senator R

Productivity Commission Draft Report on the Review of Tariffs Released

Today the Productivity Commission released the draft report on the Review of Australia’s General Tariffs Arrangements.

Australia Institute Factual Errors

The Australia Institute has made factual errors in attempting to score political points.

Pay As You Go (Payg) Instalments Exemption For Pensioners And Low Income Aged Persons

The Assistant Treasuer, Senator Rod Kemp, today announced the Pay As You Go (PAYG) instalments exemption thresholds to apply to pensioners and persons in receipt of low income aged persons rebate i

Superannuation and Family Law

Separating couples will for the first time be able to divide superannuation in the same way as their other assets, under legislation introduced to Parliament today.

Superannuation Figures Continue to Grow Strongly

Latest APRA figures indicate that Australian superannuation assets grew at a strong 16.6% during the year to December 1999, Assistant Treasurer Senator Rod Kemp announced today.

On-Road Diesel Grants Scheme Boundaries Released

A61/2000 12th April 2000

Small Winemakers Benefit From Rebate Scheme

The Assistant Treasurer, Senator Rod Kemp, today announced details of the Commonwealth’s Wine Equalisation Tax (WET) rebate scheme, which will assist small winemakers.

Employee Members of a Self Managed Superannuation Fund

The Assistant Treasurer, Senator Rod Kemp, today announced that, following consultations with industry, the Government will be amending the Superannuation Industry (Supervision) Regulations 1994 to

Income Tax Rebates for 1999-2000: Pensioner Rebate, Low Income Aged Persons Rebate, and Beneficiary Rebate

The Assistant Treasurer, Senator Rod Kemp today announced the arrangements to apply for the 1999-2000 income year for the pensioner rebate, the low income aged persons rebate, and

Superannuation Estate Planning Loophole to be Closed

The Assistant Treasurer Senator Rod Kemp, today announced that the reasonable benefit limits (RBLs) provisions in the Income Tax Assessment Act 1936 will be amended to improve equity and reduce unc

E-Commerce Grant to Super Industry to Assist Choice of Funds

The Assistant Treasurer, Senator Rod Kemp, today welcomed Senator Alston's announcement of a $110 000 Federal Government grant to assist the Superannuation Industry Electronic Commerce Program

Deferred GST Scheme for Importers

Assistant Treasurer, Senator Rod Kemp, today announced details of arrangements to allow importers to defer payment of GST on imported goods.