MIL-OSI Australia: Enterprise Tax Plan Base Rate Entities eligibility
Source: Australian Treasurer As a result of the passage of the Treasury Laws Amendment (Enterprise Tax Plan Base Rate Entities) Bill 2017 today, the Government has legislated to confirm which companies are eligible for the lower company tax rate. From the 2017-18 income year, a ‘bright line’ test will determine eligibility for the lower company […]
Read More →MIL-OSI Australia: Driving power prices down
Source: Australian Treasurer Joint media release withThe Hon. Josh Frydenberg MPMinister for the Environment and Energy The Turnbull Government has today announced a package of measures to put downward pressure on electricity prices and stop energy companies from gouging their customers. We are backing the ACCC to drive lower electricity prices for households and small […]
Read More →MIL-OSI Australia: Progressing the Director Identification Number
Source: Australian Treasurer In an embarrassing mistake Dr Andrew Leigh has wrongly claimed that the Turnbull Government is not progressing a director identification number as part of our wide ranging reforms to crackdown on illegal phoenixing. It comes as the Turnbull Government yesterday released for consultation draft legislation which will not only deter and disrupt […]
Read More →MIL-OSI Australia: Making multinationals pay their fair share
Source: Australian Treasurer The Turnbull Government is ensuring that those that do business in Australia pay tax in Australia. Improving the integrity of our taxation system helps to ensure the Government can guarantee the essential services that Australians rely on and leave more money in the pockets of hardworking Australians. Legislation giving the force of […]
Read More →MIL-OSI Australia: Strengthening APRA governance
Source: Australian Treasurer The Turnbull Government has strengthened the Australian Prudential Regulation Authority (APRA) by legislating that a second Deputy Chair to be created. This newly-created position will ensure APRA has the capabilities to effectively carry out its mandate. I intend to nominate Mr John Lonsdale for a five year term to fill this second […]
Read More →MIL-OSI Australia: Legislation to combat illegal phoenix activity released for consultation
Source: Australian Treasurer The Turnbull Government is taking action to protect workers and honest businesses by legislating a package of reforms to tackle illegal phoenix behaviour and level the playing field. The Minister for Revenue and Financial Services, the Hon Kelly O’Dwyer MP, today released draft legislation for a comprehensive package of reforms to combat […]
Read More →MIL-OSI Australia: More power in the hands of consumers
Source: Australian Treasurer The Turnbull Government is helping customers get a better deal – today releasing exposure draft legislation to introduce a Consumer Data Right. This Bill is a game changer for Australians. The Consumer Data Right will empower customers to use their data for their own benefit. Customers will determine which data is shared, […]
Read More →MIL-OSI Australia: Nomination of Australian Executive Director to the IMF
Source: Australian Treasurer The Australian Government will nominate Mr Nigel Ray PSM for appointment as the Executive Director at the International Monetary Fund for a two-year term commencing later in 2018. Mr Ray will represent a constituency of countries at the IMF, comprising of Australia, Kiribati, Korea, Marshall Islands, Micronesia, Mongolia, Nauru, New Zealand, Palau, […]
Read More →MIL-OSI Australia: Board appointments – National Housing Finance and Investment Corporation
Source: Australian Treasurer Joint media release withThe Hon. Michael Sukkar MPAssistant Minister to the Treasurer The Government is pleased to announce the appointment of Mr David Cant, Ms Teresa Dyson, Mr Adrian Harrington and Ms Kylie Rampa as part-time Members of the National Housing Finance and Investment Corporation (NHFIC) Board. They will join Mr Brendan […]
Read More →MIL-OSI Australia: Two men sentenced after Serious and Financial Crimes Taskforce investigation
Source: Australian Treasurer Joint media release withThe Hon Angus Taylor MPMinister for Law Enforcement and Cyber Security Two New South Wales men have been sentenced for their role in a significant money laundering and tax evasion scheme after an investigation by the Serious Financial Crime Taskforce (SFCT). Anthony Castagna (70) from Gordon was sentenced to […]
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