Media releases

2007

Labor Tax Blunder

Kevin Rudd has confirmed that 45 percent of all income taxpayers will be worse off under the Labor Party’s aspirational tax goal.

Labor's Tax Blunder

With no tax plan of their own, having taken four days to copy the Coalition’s plan, Labor has made an elementary but fundamental error.

OECD Revenue Statistics 2007 Edition

Australia is the eighth lowest taxing country in the 30 member OECD according to the latest edition of OECD Revenue Statistics.

Productivity Commission Inquiry into the Australian Pigmeat Industry

The Treasurer, the Minister for Trade and the Minister for Agriculture, Fisheries and Forestry today announced that the Productivity Commission will undertake a safeguards inquiry into the impact o

IMF World Economic Outlook

In its latest World Economic Outlook, the IMF expects the Australian economy to grow by 4.4 percent in 2007 and 3.8 per cent in 2008.This is above the IMF’s growth outlook for advanced economie

Contribution to Brendans Fund

The Treasurer announced today that the Australian Government will provide a one‑off grant of $350,000 to Brendan’s Fund, a trust fund established to provide financial support to the widow and thr

Demutualisation of Health Insurers

The Treasurer announced today that the Government intends to amend the income tax laws to provide capital gains tax (CGT) certainty for policyholders of health insurers who receive shares as part

Payment of Temporary Residents' Superannuation to the Australian Government

I am announcing today that, effective from 1 July 2008, all future superannuation contributions and balances for temporary residents will be required to be paid to the Australian Government which

Enhancing Tax Office Capabilities

The Government will provide an additional $446 million to the Australian Taxation Office over a four year period, starting from 1 July 2008.

Personal Income Tax Reform

I am announcing today a tax reform plan which will cut income tax for every Australian taxpayer from 1 July 2008.

2007-08 Mid-Year Economic and Fiscal Outlook

The 2007-08 Mid-Year Economic and Fiscal Outlook (MYEFO) released today shows that the economic and fiscal outlook remains sound.

$10 Million for Hepburn Avenue in the Cities Of Swan And Wanneroo, WA

The Federal Government will provide a total of $10 million towards two key projects on Hepburn Avenue, Treasurer Peter Costello announced today.

Funding Boost for Notorious Nunawading Intersection

The Federal Government will provide $80 million to fix Melbourne’s most congested major intersection at Whitehorse and Springvale roads in Nunawading, Treasurer Peter Costello announced today.

Appointment of Ms Belinda Gibson to The Australian Securities & Investments Commission (ASIC)

I am pleased to announce the appointment of Ms Belinda Gibson as a Commissioner of the Australian Securities & Investments Commission (ASIC).  Ms Gibson has been appointed for a three‑year term

Appointment of Mr Jeffrey Lucy AM as Part-Time Chairman of The Financial Reporting Council

I am pleased to announce the appointment of Mr Jeffrey Lucy as the part-time Chairman of the Financial Reporting Council (FRC) for a term of three years commencing from 11 December 2007.

Labors Tax Farce

Weeks out from a federal election, Wayne Swan has been able to answer just one question on the Labor Party’s tax policy: it will be written on a piece of paper.

Release of 2006-07 Final Final Budget Outcome Document

Today I release the Final Budget Outcome for the 2006-07 year.

Better Super Reforms Drive Record Contributions

The Treasurer welcomes the latest Quarterly Superannuation Performance report released today by the Australian Prudential Regulation Authority.

Establishment of a Third Newcastle Coal Loading Terminal

Today the Australian Government approved, under the Australian Government’s foreign investment policy, the establishment of a major new coal terminal for the Port of Newcastle. 

Geelong Scores a Win with Funding for Skilled Stadium

The $25 million upgrade of Skilled Stadium at Kardinia Park – the home of the Geelong Football Club – will go ahead with $14 million of Australian Government funding, the Treasurer announced tod