Media Releases

2018

Grocery Code review calls for fairer dispute resolution for suppliers

The Australian Government today welcomes the release of Professor Graeme Samuel AC's final report on the Review of the Food and Grocery Code of Conduct (the Review).

Australia and New Zealand sign Trans-Tasman e-Invoicing arrangement

The Australian and New Zealand Governments formalised an arrangement on e-Invoicing today to set out how the two countries will create and maintain a common approach.

Government to review extension of unfair contract terms to small business

The Government will review the effectiveness of protections for small business against unfair contract terms (UCTs).

Government releases regulations to improve outcomes for people

Today I released for consultation exposure draft regulations which are an important part of the financial product Design and Distribution Obligations and Australian Securities and Investments Co

New legislation to further target illicit tobacco

Legislation passed through Parliament last week will further strengthen the Government’s response to illicit tobacco.

Consultation on improvements to Division 7A of the Income Tax Assessment Act 1936

The Assistant Treasurer, the Hon Stuart Robert MP, today released for public consultation a paper on the amendments to improve the integrity and operation of Division 7A of the Income Tax Assessmen

Consultation on exemptions to gift card reforms

The Government is seeking feedback on proposed regulations which will support the gift card reforms currently before the Parliament.

ACCC & ASIC given stronger powers over unfair contract terms

The Australian Competition and Consumer Commission (ACCC) and the Australian Securities and Investments Commission (ASIC) will have investigative powers to assess whether a term in a standard form

Government consults on e-Invoicing governance arrangements

The Australian and New Zealand Governments are seeking comment on how electronic invoicing (e-Invoicing) arrangements can be best managed in both countries by releasing a public consultation paper

Government consults on additional legislation to modernise business registers

The Government today released the second part of the draft legislation to allow the modernisation of business registers and to provide better support for businesses in an evolving digital economy

Consultation on extending support to craft brewers and distillers

Today, the Government released draft legislation that will extend the concessional draught beer excise rate to smaller kegs, typically used by craft brewers.

Enhancing the integrity of tax deductions in relation to vacant land: exposure draft legislation

The Government is improving the integrity of the tax system by denying certain deductions for expenses associated with holding vacant land.

Corporate Collective Investment Vehicle Bill - Tranche 3

The Government has released for public consultation the third tranche of the Treasury Laws Amendment (Corporate Collective Investment Vehicle) Bill 2018 and related explanatory materials.

Trading names to continue to be displayed for a further five years

The Government is giving businesses more time to register a business name by extending the display of trading names on ABN Lookup.

Improving the integrity of the tax treatment of concessional loans

The Government has released for public consultation exposure draft legislation and accompanying explanatory material to improve the integrity of the tax treatment of concessional loans, as announce

Enhancing the integrity of concessions in relation to partnerships: exposure draft legislation released

The Government is ensuring that partners in partnerships cannot inappropriately access the small business capital gains tax (CGT) concessions when dealing in rights that alienate future income from

Extending anti-avoidance rules for circular trust distributions: exposure draft legislation released

The Government today released for public consultation draft legislation that extends to family trusts a specific anti-avoidance rule that applies to other closely held trusts that engage in circula

Consultation on work test exemption

The Government has released draft legislation to give eligible older Australians additional flexibility to contribute more into superannuation as they move into retirement.

Legislation to modernise business registers and introduce Director Identification Numbers released for consultation

The Government released draft legislation today to allow the modernisation of business registers and to provide better support for businesses in an evolving digital economy.

Government consults on stronger penalties for corporate and financial sector misconduct

The Coalition Government is committed to ensuring the Australian Securities and Investments Commission (ASIC) has the powers it needs to take strong action to protect consumers from corporate and f