Media releases

2006

Australian Investment Management Assets Exceed $1 Trillion

The Australian managed funds market has surpassed $1trillion in consolidated assets, eclipsing other markets in South East Asia, and reflecting Australia’s status as the global centre for funds man

Point Nepean added to National Heritage List

The Treasurer announced today that Point Nepean has been included on the prestigious National Heritage List in recognition of the site’s outstanding heritage value to the nation.

$27 Million to Restore Point Nepean and Establish New National Centre for Marine and Coastal Conservation

The Australian Government will provide $27 million to the Point Nepean Community Trust to restore and protect the area’s important heritage values and assist in the completion of the National Centr

A Plan to Simplify and Streamline Superannuation - Transitional Issues That Apply Immediately

The Treasurer today announced transitional provisions to apply to the proposed $150,000 annual cap on post-tax contributions announced in A plan to simplify and streamline superannuation and

G-8 Finance Ministers' Meeting

The Treasurer, Mr Peter Costello, attended the meeting of the Group of Eight industrial nations’ (G-8) Finance Ministers in St Petersburg, Russian Federation on 10 June.

Australian Breakthrough in Heart Tissue Engineering

The Treasurer today announced a major breakthrough for international medical science in the field of tissue engineering by an Australian Research Institute.

National Accounts March Quarter 2006

National Accounts data released this morning by the Australian Bureau of Statistics (ABS) show solid and sustained economic growth.

ASX-SFE Corporations Act Approval

I have today approved an application by the Australian Stock Exchange Limited (ASX) to hold 100% in the voting power of the SFE Corporation Limited (SFE) and relevant subsidiaries.

Treasurer to Address G-8 Finance Ministers Meeting

The Treasurer, MrPeter Costello, has accepted an invitation to attend meetings of Finance Ministers of the Group of Eight leading industrial nations (G-8) in StPetersburg, Russian Federation, from

Record births welcomed

Australian Bureau of Statistics figures released today show that the number of births in Australia in 2005 was the highest recorded since 1992.

What was that, Mr Beazley?

Opposition Leader Kim Beazley has been caught out.

MCE's response to the Productivity Commission's review of the Gas Access Regime

The Treasurer and the Minister for Industry Tourism and Resources have welcomed the Ministerial Council on Energy's (MCE) decision on a response to the Productivity Commission's Review of the Gas A

Fortescue Metals Group's Application for Declaration of Services Provided by the Mount Newman Railway Line Owned by the Mount Newman Joint Venture (The Mt Newman Service)

On 13 June 2004, Fortescue Metals Group applied to the National Competition Council (NCC) for declaration of the Mt Newman Service owned by the Mount Newman Joint Venture in the Pilbara region of W

OECD Presents a Favourable Outlook for the Australian Economy

The OECD’s latest Economic Outlook forecasts that economic growth in Australia will strengthen in 2006 and 2007.

Further $1 million to restore St Georges in Perth

The Treasurer today announced $1 million of Australian Government funding to further assist with the restoration of St George’s Cathedral in Perth.

New housing for remote Indigenous communities

The Treasurer today announced $6 million of Australian Government funding for the commissioning of up to 40 houses for remote Indigenous communities.

$389 Million Crackdown On Illegal Fishing

The Treasurer joined with the Minister for Fisheries, Senator Eric Abetz, in Darwin today to observe first-hand the issues associated with illegal fishing in Australia's northern waters, including

$5 million for Royal Flying Doctors in rural NSW

On the occasion of the 78th Anniversary of the commencement of the Royal Flying Doctor Service, the Australian Government will provide $5 million to the Royal Flying Doctor Service (South Eastern S

A Plan to Simplify and Streamline Superannuation

The Treasurer released tonight a plan to simplify and streamline superannuation. It includes a suite of proposals to:

Personal Income Tax Cuts

From 1 July 2006, all Australian taxpayers will share in tax cuts worth $36.7 billion over the next four years. This is in addition to the $21.7 billion tax cuts provided in the 2005-06 Budget.