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