Media releases

2005

Balance of Payments - June Quarter 2005

Data released this morning by the Australian Bureau of Statistics show that Australia’s current account deficit (CAD) for the June quarter 2005 narrowed significantly, falling by $2.4billion

Small Business Says Abolish State Taxes

A survey released today has shown that small business overwhelmingly supports the phasing out of the remaining State business taxes due for removal as part of the Agreement to introduce GST.

Super Surcharge Abolished, Against the Wishes of Labor

Legislation to abolish the superannuation surcharge passed the Senate today.

Swan's Embarrassment on IR Reform

Wayne Swan today claimed in the Financial Review that there is no evidence that industrial relations reform will lead to higher productivity.

Watson Wyatt Appointed to Assist Government on the Establishment of the Future Fund

On 18May 2005 Treasury released a Request for Tender for the services of an asset consultant to assist the Government’s consideration of the investment mandate for the Future Fund.

Consumer Price Index - June Quarter 2005

Today's Consumer Price Index (CPI) confirms that Australia continues to enjoy stable low inflation.

Productivity Commission to examine the Impact of Population Growth and Migration on Productivity Growth

The Treasurer today announced that the Productivity Commission will undertake a research study into the impact of population growth, including through migration, on Australia’s product

Australian Candidate for Top OECD Post

The Australian Government is pleased to announce the candidacy of Professor Allan Fels AO for the position of Secretary General of the OECD.

Appointment of Members to the Australian Energy Regulator

We are pleased to announce the appointments of Mr Edward Willett and Mr Geoffrey Swier as members of the new Australian Energy Regulator (AER).

ABS Statistics Free From Friday

Many thousands of community groups, non-government organisations and businesses will benefit from 1 July when the Australian Bureau of Statistics (ABS) drops most current charges for informat

Child Care Tax Rebate will Continue for Part Time Workers After 1 July 2006

Claims by the ALP today that people who work part time will lose eligibility for the Child Care Tax Rebate after 1 July 2006 are false.

Tax Cuts

Please find attached a copy of a letter that I have sent to the Leader of the Australian Democrats Senator Lyn Allison this morning.

Australia to Provide $2 Million to IMF to Assist Countries Following Natural Disasters

The Treasurer and the Minister for Foreign Affairs are pleased to announce that the Australian Government will contribute $2 million to the International Monetary Fund (IMF) for its account f

National Accounts - March Quarter 2005

National accounts data released this morning show that economic growth rebounded in the March quarter2005, with GDPincreasing by 0.7percent in the quarter and by 1.9percent through the year.

Balance of Payments - March quarter 2005

Data released this morning by the Australian Bureau of Statistics show that Australia’s current account deficit (CAD) for the March quarter 2005 rose to $15.6 billion.

Mr Beazley's Ignorance

Mr Beazley yesterday claimed that the consideration by the Parliament of the Tax Commissioner’s withholding schedules “… was in the gift of the Treasurer…”. This is completely false.

OECD Upbeat on Australia's Economic Outlook

The OECD’s latest Economic Outlook forecasts that economic growth in Australia will continue in 2005 and 2006.

Labor Split on Tax Cut Blocking

Less than 3 hours after Kim Beazley claimed that the Labor Party was united to vote against tax cuts, the Tasmanian Labor Member for Franklin has blown his claim out of the water.

GST Windfall Funding the Elimination of State Taxes

Budget estimates indicate that the States and Territories (the States) will receive total GST revenue of $37.3 billion in 2005-06.

Policy Modifications to the Petroleum Resource Rent Tax and the Proposed Gas Transfer Price Regulations

Today the Treasurer and the Minister for Industry, Tourism and Resources announced that the Australian Government will introduce a number of policy changes to the petroleum resource rent tax