Media releases

2005

Clarifying the Taxation of Foreign Government Investments

New legislation will be introduced to clarify the current practice of exempting foreign governments and their investment bodies from interest and dividend withholding taxes.

States Urged to Back National Reform for Continued Growth

Australia could unleash a new wave of economic growth based on low cost energy if antiquated State-based regulatory arrangements are reformed.

Consumer Price Index - September Quarter 2005

Today’s Consumer Price Index (CPI) shows that inflation in Australia remains moderate.

Productivity Commission to Examine Waste and Resource Efficiency

The Treasurer and the Minister for the Environment and Heritage today announced that the Productivity Commission will examine the way Australia manages its waste and products over their life-

Australia to Chair Group of Twenty (G-20) in 2006

Australia looks forward to hosting the Group of Twenty (G-20) Finance Ministers and Central Bank Governors meeting in Melbourne on 18-19 November 2006.

OECD Rates Australia as Eighth Lowest Taxed Country

The OECD’s latest international comparison of taxes rates Australia as the eighth lowest taxed country among its 30 industrialised country members.

Treasurer to Attend G-20 Meeting in China

The Treasurer will attend the Group of Twenty (G-20) meeting of Finance Ministers and Central Bank Governors in China on 15-16 October 2005.

Taskforce on Reducing the Regulatory Burden on Business

We are pleased to announce today the appointment of a Taskforce to identify practical options for alleviating the compliance burden on business from Commonwealth Government regulation.

Australian Government Funding Deer Park Bypass

The Australian Government has allocated $265 million to the Deer Park bypass and Leakes Road interchange to provide major improvements to the arterial road network in Melbourne 's West and road lin

2004-05 Final Budget Outcome

The Australian Government general government sector recorded an underlying cash surplus of $13.6 billion (1.6 per cent of GDP) in 2004-05.

IMF World Economic Outlook

In its latest World Economic Outlook, the IMF expects the Australian economy will continue to perform strongly, growing by 3.2 per cent in 2006.

2006-07 Pre-Budget Submissions

I am inviting submissions from individuals, business and community groups on their views regarding priorities for the 2006-07 Budget.

No Increase in Excise Rate on Petrol

On 13 May 2003 the Government announced that a grant would be provided to producers and importers of premium unleaded petrol with 50 parts per million or less of sulphur to encourage the intr

Budget Treatment: Regional Communications Fund

The Regional Telecommunications Fund will be established with $2 billion from cash reserves currently held at the Reserve Bank of Australia.

IMF Commends the Strength and Resilience of the Australian Economy

The IMF has commended Australia’s continued strong economic performance and the Government’s commitment to structural reform in its annual assessment of the Australian economy.

12th APEC Finance Ministers Meeting

The twelfth APEC Finance Ministers’ Meeting in Jeju, Korea, on 8-9 September 2005 provided an important opportunity for Finance Ministers to discuss issues affecting the region’s economies.

National Accounts - June Quarter 2005

Today’s National Accounts release shows economic growth in Australia strengthening, with GDP increasing by 1.3 per cent in the June quarter 2005 to be 2.6 per cent higher through the year.

Australia to Fund New Aceh Reconstruction Work

Australian and Indonesian Ministers today announced the allocation of $88 million for new reconstruction projects in Indonesia as part of the Australia Indonesia Partnership for Reconstruction and

Government Progressing Trade Practices Act Reforms to Benefit Consumers and Business

The Treasurer announced today that the Government will propose amendments to refine the Trade Practices Legislation Amendment Bill (No. 1) 2005 in the Senate next week.

Capital Expenditure Survey, June Quarter 2005

The results of the June quarter 2005 Survey of New Capital Expenditure, released by the Australian Bureau of Statistics this morning, show continuing strength in business investment in Austra