Media releases

2013

Economic Statement August 2013

Today, the Treasurer, Chris Bowen MP, and the Minister for Finance and Deregulation, Senator Penny Wong, released the Government's Economic Statement, detailing the short and medium‑term economi

Government to increase tobacco excise

The Government will introduce staged 12.5 per cent increases in tobacco excise over the next four years to battle smoking-related cancer and help return the Federal Budget to surplus in 2016-17.

Investment Manager Regime legislation out for consultation

The updated draft legislation for the third and final element of the Investment Manager Regime was today released for consultation.

Government's Stronger Super reforms underway

The Rudd Labor Government is implementing its comprehensive package of Stronger Super reforms, ensuring Australia's superannuation system is sustainable and robust.

Five year freeze on superannuation changes

The Rudd Labor Government will make no major changes to superannuation tax policy for five-year periods, promoting confidence and stability in the superannuation system.

Coalition's cloak and dagger costings to keep Australians in the dark

The unprecedented announcement today that the Coalition will not base its election costings on Treasury and Finance's independent Pre-Election Economic and Fiscal (PEFO) outlook will leave Australi

Consumer Price Index - June Quarter 2013

Today's consumer price index data release shows that inflation remains well contained.

Australia and Britain agree joint agenda to address global tax avoidance

Today, Australia and Britain have agreed a shared agenda to combat tax avoidance and evasion.

Standard and Poor's reaffirm Australia's credit rating

Today, the global credit rating agency Standard and Poor's (S&P) released its annual review of Australia's sovereign credit rating.

Changes to FBT on cars: the facts

The Rudd Government is terminating the carbon tax and moving to a floating price a year earlier, giving cost of living relief to millions of Australians.

Australia to move to a floating price on carbon pollution in 2014

Australian households will benefit from a reduction in the cost of living worth around $380 to an average household next financial year after the nation moves to a floating price on carbon emissi

Super milestone for small business owners

The Federal Government's Small Business Superannuation Clearing House has now distributed more than $1 billion in superannuation payments on behalf of small business owners across the country.

IMF World Economic Outlook July Update

The IMF's latest World Economic Outlook (WEO) serves to highlight the resilience of the Australian economy as a standout performer in a subdued global economic environment.

Commonwealth Grants Commission Appointments

I am pleased to announce the appointment of Greg Smith as the part-time Chairperson of the Commonwealth Grants Commission for a five-year period from 1 July 2013, and the appointment of Alan Hender

Moody's reaffirms Australia's AAA credit rating

The Treasurer, Chris Bowen MP, today welcomed Moody's confirmation of Australia's AAA credit rating with a stable outlook.

Appointment of a Member of the Australian Prudential Regulation Authority

Today I announce the appointment of Ms Helen Rowell as a Member of the Australian Prudential Regulation Authority, for a term of five years from 1 July 2013.