Media releases

2000

Foundation for Rural and Regional Renewal Public Fund Receives Tax Deductibility Status

A54/2000 29th March 2000 Donors to one of the most important new initiatives aimed at renewing country Australia can now claim deductibility, it was announced today.

Deductibility of Gifts to the Foundation for Gambling Studies

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

Customs Tariff Changes to Combat Illicit Fuel Blending

The Assistant Treasurer, Senator Rod Kemp today announced changes to the Customs Tariff Act 1995 to combat illicit fuel blending activities.

Watkins' Attack Backfires

Assistant Treasurer, Senator Rod Kemp, today slammed NSW Fair Trading Minister John Watkins’ attempt to pass his responsibilities onto the Federal Government.

Taxation of General Insurers

The Assistant Treasurer, Senator Rod Kemp, today announced that the Government will introduce amendments to the taxation law to ensure that the deduction allowed to general insurers for outstanding

Prices Surveillance Act 1983

The Assistant Treasurer Senator Rod Kemp has asked the Productivity Commission (PC) to commence the scheduled Legislation Review of the Prices Surveillance Act 1983 (PSA)

Rate Per Kilometre Method of Deducting Car Expenses 5,000 Business Kilometres or Less

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 1999-2000 income year.

Modifications to the Rules Applying to Closely Held Trusts in Respect of Ultimate Beneficiaries

The Assistant Treasurer, Senator Rod Kemp, today announced amendments to the A New Tax System (Closely Held Trusts) Act 1999.

Comprehensive Taxation Agreement Between Australia and Romania

The Ambassador of the Embassy of Romania, Her Excellency, Mrs Manuela Vulpe and the Assistant Treasurer Senator Rod Kemp today signed in Canberra a comprehensive taxation agreement between Australi

Digital Signature to Boost Online Services to Small Business

The Government announced today plans to develop a digital signature process able to be used by Australian businesses in dealing with the Commonwealth.

Entry Into Force of the Australia-Argentina Double Taxation Agreement

The Assistant Treasurer, Senator Rod Kemp, today announced that, following an exchange of notes through the diplomatic channel indicating that the necessary procedures to give the agreement the for

1999

Entry into Force of the Australia-South Africa Double Taxation Agreement and the Australia-Slovak Republic Double Taxation Agreement

The Assistant Treasurer, Senator Rod Kemp, today announced that, following exchanges of notes through the diplomatic channels indicating that the necessary procedures to give the agreements the for

Part X of the Trade Practices Act To Be Retained

A207/99 23rd December 1999 The Government has accepted the recommendations of the Productivity Commission to retain Part X of the Trade Practices Act 1974, but w

Superannuation Figures Continue to Grow

Latest APRA figures indicate that Australian superannuation assets grew at a strong 15.1% during the year to September 1999, Assistant Treasurer Senator Rod Kemp announced today.

Foreign Investment Review Board Report: 1998-99

The Assistant Treasurer Senator Rod Kemp today announced the release of the Foreign Investment Review Board 1998-99 Report. The main points in the FIRB’s 1998-99 report are as follows:

Fringe Benefits and the GST

The Assistant Treasurer Senator Rod Kemp today announced that the Government will introduce legislation to clarify the interaction between fringe benefits and the GST.

Government Welcomes Increased Superannuation Guarantee Compliance

The Assistant Treasurer, Senator Rod Kemp, today welcomed a Tax Office report showing increased Superannuation Guarantee (SG) compliance.

Definition of Self Managed Superannuation Fund - Directors Not to be Treated as Employees

The Government has amended the Superannuation Industry (Supervision) Regulations 1994 to clarify the meaning of employee for the purposes of the new definition of self managed superannuation fund.

Exemption from the Superannuation Guarantee for Non-Residents Employed for the Sydney 2000 Olympic and Paralympic Games

The Assistant Treasurer, Senator Rod Kemp, announced today an exemption from the Superannuation Guarantee (SG) in respect of non-residents employed for the Sydney 2000 Olympic and Paralympic Games.

Senate Passes Superannuation Legislation Amendment Bill (No. 4)

The Assistant Treasurer, Senator Rod Kemp, welcomed the passage of the Superannuation Legislation Amendment Bill (no. 4) through the Senate today.