The government has called an election and is now in caretaker
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Media releases
1998
Review of Business Taxation
On 14 August 1998, I announced the appointment of Mr John Ralph AO to chair a review of Business Taxation which will form the basis of a comprehensive new business tax regime under the New Tax Syst
Australian Competition and Consumer Commission Appointment
The Treasurer, Mr Peter Costello, today announced the appointment of Ms Yasmin King of Adelaide as an associate member of the Australian Competition and Consumer Commission (ACCC).
Petrol Price Monitoring Program
The Government welcomes the first release of data by the independent price monitoring
system of petrol prices for 100 country towns and capital cities across the nation.
Senate Inquiry on Government's Taxation Reform Package
The Government entered the election with a comprehensive proposal for reforming
Australias taxation system.
IMF World Economic Outlook
The IMF in its world economic outlook forecasts calendar year growth at 3.5% in 1998 and 2.0% in 1999.
Labor Isolated on Tax Reform
Yesterday Professor Ann Harding of the National Centre for Social and Economic Modelling (NATSEM), delivered a paper at the Australian National University's Public Policy Program Public Seminar Ser
Melbourne Shrine of Remembrance: Federation Funding
The Commonwealth Government will contribute $5 million to Melbournes Shrine of Remembrance from the Federation Fund.
Corporate Law Reforms to Abolish Annual Returns for One Million Companies for the Year 2000/2001
As part of its desire to cut costs for business and develop a pro-enterprise system of corporate law the Government will abolish the need for 650,000 proprietary companies to lodge their Annual Ret
National Accounts - June Quarter 1998
The June quarter National Accounts confirm that the economy is growing very strongly, with growth of 0.8 per cent in the quarter and 3.9 per cent through the year.
Update of Economic and Fiscal Outlook
I am today releasing an update of the Treasurys economic outlook for 1998-99 and
the most recent fiscal outlook prepared by Treasury and the Department of Finance and
Administration.
Productivity Commission Reference - Impact of Competition Policy Reforms on Rural and Regional Australia
I have today asked the Productivity Commission to report within twelve months on the impact of competition policy reforms on rural and regional Australia.
Productivity Commission Reference - Australia's Gambling Industries
I have today asked the Productivity Commission to provide an information report within twelve months on Australia's gambling industries. The terms of reference for the inquiry are attached.
Productivity Commission Reference - Implementation of Ecologically Sustainable Development (ESD) by Commonwealth Departments and Agencies
I have today asked the Productivity Commission to report within nine months on the Implementation of ESD by Commonwealth departments and agencies. The terms of reference are attached.
Competition Payments to States and Territories
At the April 1995 COAG meeting, the Commonwealth, States and Territories entered into three Inter-Governmental Agreements.
Business Income Tax Consultation
The Treasurer announced today the mechanism by which consultation with business will
occur on the business tax reform proposals released as part of the Governments tax
package.
Australia - A Regional Financial Centre Measures
I am announcing two amendments to the measures contained in Taxation Laws Amendment
Bill (No.
Tax Avoidance: Foreign Tax Credit Schemes
I am announcing today that the general anti-avoidance provisions in Part IVA of the Income Tax Assessment Act 1936 will be amended with immediate effect in relation to schemes entered into after th
A New Tax System for All Australians
The Federal Government today announces a new tax system for Australia.
Distributions Made Through Chains of Trusts
As announced in A New Tax System, trustees of closely held trusts
(including all discretionary trusts) will be required to disclose, in the trusts tax
return, the identity of the individual or c
CGT Small Business Rollover Relief and Retirement Exemption for Land and Buildings Held in A Non-Operating Entity
As announced in A New Tax System, the Government has decided to extend the
capital gains tax (CGT) small business rollover relief and retirement exemption
initiatives to include situations w