Media releases
1999
Who are the Real Obstructionists Here?
This morning in a stunning display of hypocrisy, Senator Nick Sherry suggested that the Government was somehow holding up the tax debate.
New Superannuation Investment Rule
Today I am releasing an exposure draft of the Superannuation Legislation Amendment Bill (No.4) 1999, which gives effect to the new superannuation investment rules, for public comment
Democrats Choke on Food
The Democrats position on food is as regressive for lower income earners as it is a nightmare for small business, a point Senator Murray made as recently as 17 March (See attached).
Labor's "Super" Confusion
Kim Beazley and Simon Crean have exposed major policy divisions in the federal Labor Party by contradicting each other, this time over superannuation, Assistant Treasurer, Senator Rod Kemp said tod
Superannuation Figures Continue to Grow
Latest APRA figures show that superannuation assets and contributions are continuing to grow, with superannuation contributions for the December quarter 13.5% higher than the December 1997 quarter,
Provisional Tax Exemption for Pensioners
The Government is announcing the provisional tax exemption thresholds to apply for pensioners in respect of the 1999-2000 income year.
Income Tax Rebates for 1998-99: Pensioner Rebate, Low Income Aged Persons Rebate, and Beneficiary Rebate
INCOME TAX REBATES FOR 1998-99: PENSIONER REBATE, LOW INCOME AGED PERSONS REBATE, AND BENEFICIARY REBATE
Tax Relief For Post-Judgement Interest Awards in Personal Injury Compensation Cases
The Assistant Treasurer, Senator the Hon Rod Kemp, today announced amendments to the income tax law to provide tax relief on the amount of tax payable on post-judgment interest received on awards f
Superannuation Surcharge - Legislative and Other Improvements
The Assistant Treasurer, Senator Rod Kemp, today announced initiatives designed to simplify the operation of the Superannuation Contributions Surcharge legislation.
Film Licensed Investment Companies
The Assistant Treasurer, Senator Rod Kemp announced today that the Government is going to remove the potential for double taxation of receipts under the Film Licensed Investment Company (FLIC) sche
Further Tax Relief for Restructures of Managed Investment Funds Under the Managed Investments Act 1998
The Government announced last year that it had decided to amend the income tax law to provide capital gains tax (CGT) rollover relief for managed investment funds that are required to restructure u
Review of Part X of the Trade Practices Act 1974
I have asked the Productivity Commission (PC) to undertake a review of Part X of the Trade Practices Act 1974 and report within six months.
Draft Legislation Introducing the New Definition of a Self Managed Superannuation Fund
I am releasing today an exposure draft of the Superannuation Legislation Amendment Bill (No.3) 1999 for public comment and industry consultation prior to its introduction into Parliam
Deductibility of Gifts to the Sir William Tyree Foundation of the Australian Industry Group
The Prime Minister announced on 11 August 1998 that public donations to the Sir William Tyree Foundation of the Australian Industry Group were to be made tax deductible once the Fund satisfied the
Deductibility of Gifts to the Stolen Children's Support Fund
The Prime Minister announced on 26 May 1998 that public donations to the Stolen Children’s Support Fund were to be made tax deductible once the Fund satisfied the public fund requirements.
Productivity Commission Reference - International Telecommunications Market Regulation
I have today asked the Productivity Commission to report within six months on International Telecommunications Market Regulation.
ACOSS claims on GST are wrong again
The Assistant Treasurer Senator Rod Kemp has rejected claims made by ACOSS today that the Federal Governments tax package has the potential to disadvantage poor people.
Demutualisations of Mutual Entities Other than Insurance Companies
I am releasing today a draft of proposed amendments to the Income Tax Assessment Act 1936.
Final Government response to the Industry Commission Report on the implications for Australia of firms locating offshore
This press release represents the Governments final response to the Industry Commission Report on the Implications for Australia of Firms Locating Offshore.