Media releases

2005

Component Pricing - Amendment to the Trade Practices Act 1974

The Treasurer announced today that the Australian Government would be making an amendment to the Trade Practices Act 1974 (the Act) to respond to the increased use of component pricing in a n

Taxes in Six States and Territories to be Abolished

Taxpayers in six States and Territories will pay less tax when taxes such as stamp duty on mortgages, leases, and credit and rental arrangements are abolished under the Intergovernmental Agr

Release of the Productivity Commission Report Into National Competition Policy

The Treasurer today announced the release of the Productivity Commission’s final report from its inquiry into National Competition Policy (NCP) arrangements.

IMF Endorses Government's Reform Agenda

The IMF expects Australia’s strong economic performance to continue. The Australian economy is forecast by the Fund to grow by 2.6 per cent in 2005 and by 3.3 per cent in 2006.

Productivity Commission Report on Economic Implications of an Ageing Australia

The Government is today releasing the research report of the Productivity Commission inquiry into the economic implications of an ageing Australia.

Queensland's Corporation Law Proposal Turns Back the Clock

Premier Beattie’s proposal to return to a State-based system of corporate law sits oddly with the outcome of the 5 November 2004 meeting of the Ministerial Council for Corporations, where Sta

Productivity Commission to Examine Built Heritage Conservation

The Treasurer and the Minister for the Environment Heritage, Senator Ian Campbell, today announced that the Productivity Commission will undertake an inquiry into the conservation of Australia’s hi

2005-2006 Budget - Media Lock-up Arrangements

The Treasurer will deliver the 2005-2006 Budget at 7.30 pm AEST on Tuesday 10 May 2005.

Australia's Financial Sector Assessment Program

As part of a programme that has been undertaken in over 100 countries, the International Monetary Fund (IMF) and World Bank will now conduct a Financial Sector Assessment Program (FSAP) in re

FIRB: BHP Billiton Group/WMC

Exercising powers under the Foreign Acquisitions and Takeovers Act 1975 (the Act), I have decided that the Australian Government has no objection to the BHP Billiton Group’s (BHPB) proposed a

Superannuation Co-contribution Campaign

The Government is launching a campaign today to raise awareness of the availability of a generous government scheme matching and boosting personal contributions made to superannuation.

Meeting of The Ministerial Council for Commonwealth-State Financial Relations and The Australian Loan Council

Today's meeting of the Ministerial Council for Commonwealth-State Financial Relations noted the Statement of Estimated Payments to the States and Territories (which is reproduced at AttachmentA).

Australian Government Proposal to Eliminate Further Indirect Taxes

Over five years from 2005-06 anticipated GST revenue to the States and Territories under the Intergovernmental Agreement on the Reform of Commonwealth-State Financial Relations (the IGA), is

Queensland must cut State Taxes

Queensland has benefited more than any other state from the introduction of GST.

Nomination of Dr Paul Wolfowitz for World Bank President

The Treasurer today welcomed the nomination of Dr Paul Wolfowitz for the position of World Bank President. Dr Paul Wolfowitz is currently the US Deputy Secretary for Defense.

Tax Cut for Small Businesses

The 25 per cent Entrepreneurs’ Tax Discount passed by the Parliament yesterday is expected to deliver a benefit to 540,000 Australian small businesses.

OECD Corrects Its Report

The OECD has today placed the following correction to its report Taxing Wages 2004 on its website www.oecd.org:

Reciprocal Trans-Tasman Accounting Bodies Appointments

The Australian Treasurer, Peter Costello and New Zealand Commerce Minister Pete Hodgson today jointly announced cross-appointments between the Australian Financial Reporting Council (FRC) and

Australian Disposable Incomes Best in The World - OECD

An international comparison of disposable incomes has shown a stunning improvement since the election of the Coalition in 1996.

Productivity Commission Health Workforce Study

The Treasurer today announced that the Productivity Commission will undertake a research study into health workforce issues.