Media releases

The Australian Government announced during the 2004 federal election that it would establish a Future Fund to meet unfunded superannuation liabilities, contribute to national savings and incr

The Australian Government will provide additional funding to the ABS of $76.2million over four years to strengthen and expand statistical collections and to improve the availability of data t

The Government has provided the Australian Competition and Consumer Commission (ACCC) with additional funding of $20 million over the next four years to implement and administer trade practic

The Australian Securities and Investments Commission (ASIC) will receive an additional $13.4million in funding over four years in this year’s Budget.

The Australian Government will establish five new general deductible gift recipient (DGR) categories with effect from 1 July 2006.

The Government announced tonight that it has committed $14.5 million for Australia to host the influential Group of Twenty (G-20) Meeting of Finance Ministers and Central Bank Governors in 20

The Australian Government has allowed an exemption from income tax for the seniors’ concession allowance and the utilities allowance, two new allowances for senior Australians which were anno

The Australian Government will exclude purely cosmetic procedures from the Medical Expenses Offset (MEO), with effect from the 2005-06 income year.

The Australian Government announced tonight further reforms to Australia’s international taxation arrangements to further enhance Australia’s status as an attractive place for business and in

The Australian Government has tonight announced that it will provide systematic treatment under the tax laws for business expenditures that will increase the range of deductions available to

The Australian Government will amend the capital allowance treatment of film copyright that does not currently qualify for concessional treatment under Divisions 10B and 10BA of the Income Ta

The Australian Government will abolish the 3 per cent tariff on business inputs with no domestic substitutes imported under the tariff concession scheme effective from 11May2005, at a cost to

The Government announced tonight that it will abolish the surcharge payable on individuals’ surchargeable superannuation contributions and relevant termination payments, with effect from the

The 2005-06 Budget incorporates a comprehensive rebalancing of Australia’s welfare system to make it more sustainable and to encourage increased workforce participation for those with the cap

From 1 July 2005, all Australian taxpayers will share in tax cuts worth $21.7billion over the next four years.

The Treasurer announced today that the Government will amend the income tax law to allow tax deductibility for gifts to the value of $2 or more to the Vietnam War Memorial of Victoria.

Today, the Treasurer announced the Government’s response to the Full Federal Court decision in the La Rosa case.

The Treasurer today announced the reappointment of Ms Lynn Wood as a Member of the Foreign Investment Review Board (FIRB) for a further five year term.

I am pleased to announce a number of appointments to the Australian Competition Tribunal, which will substantially increase the amount of resources available to this important institution.

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