Media releases

2004

Outcome of the Review of Aspects of Income Tax Self Assessment

Today I am pleased to announce the Government’s response to the report I commissioned on the Review of Aspects of Income Tax Self Assessment, and release this report to the public.

Extension of Mr Stephen Sedgwick's Appointment as Director to the Asian Development Bank, Manila

The Treasurer, the Hon Peter Costello MP, today announced that the Government will extend Mr Stephen Sedgwick’s appointment as Director of the Asian Development Bank (ADB) in Manila for a fur

Incomes Rise Across the Board

The latest Australian Bureau of Statistics Household Income and Income Distribution publication for 2002-2003 shows that living standards have increased considerably since 1995-96.

National Accounts: September Quarter 2004

Today’s National Accounts indicate that economic activity slowed in Australia in the September quarter 2004.

OECD Upbeat on Australian Economic Performance

The OECD’s latest Economic Outlook provides a glowing assessment of the Australian economy. The OECD expects a continuation of strong economic growth over the next two years.

James Hardie Investigations and Proceedings

The Treasurer today announced that new legislation would be introduced this week to facilitate a comprehensive investigation of matters arising from the James Hardie Special Commission of Inq

Australia to be Chairman and Host the Group of Twenty (G-20) in 2006

The Group of Twenty (G-20) Finance Ministers and Central Bank Governors meeting in Berlin today appointed Australia to chair the grouping in 2006.

Treasurer to Attend G-20 in Berlin

The Treasurer will attend the Group of Twenty (G-20) Meeting of Finance Ministers and Central Bank Governors which will be held in Berlin on 20-21 November 2004.

Australia Forgives Ethiopia's Debt

The Treasurer, the Hon Peter Costello MP, the Minister for Foreign Affairs, the Hon Alexander Downer MP and the Minister for Trade, the Hon Mark Vaile MP, are pleased to announce tha

IMF Commends Australia's Strong Economic Performance

The IMF Executive Board has commended Australia’s strong economic performance and reform record in its annual assessment of the Australian economy.

2005-06 Pre-Budget Submissions

I am inviting submissions from individuals, business and community groups on their views regarding priorities for the 2005-06 Budget.

Release of Draft Inquiry Report into National Competition Policy Arrangements

The Treasurer, Peter Costello, today announced the release of the Productivity Commission’s Discussion Draft on National Competition Policy (NCP) Arrangements.

Consumer Price Index - September Quarter 2004

Today’s Consumer Price Index (CPI) confirms that inflation remains low, with the All Groups CPI increasing by 0.4 per cent in the September quarter 2004.

Lending Finance, August 2004

Data released by the Australian Bureau of Statistics on Lending Finance for August 2004 shows that personal finance commitments fell by 3.5 per cent in August to be 8.7 per cent lowe

Medicare "Gold" Unfunded and Unsustainable

The Finance Department costings of Labor’s "flagship" policy "Medicare Gold" show the policy is unfunded and would be unsustainable if Mr Latham ever tried to implement it.

Labor's 'Participation Dividend' Does Not Exist

As it intended all along, Labor lodged its tax policy too late to have its so-called participation dividend costed.

Coalition Promises $300,000 to Ballarat POW Memorial

A re-elected Coalition Government will provide an additional $300,000 to the Australian Ex Prisoners of War Memorial at Ballarat, to assist with the implementation of a business plan

How Labor Doctored Its Own Tax Policy

In its tax policy, Labor claimed that the labour supply would increase by 72,000 people and that $1.2 billion in revenue would be created to pay for the policy.

IMF Predicts Continued Strong Growth for the Australian Economy

The IMF in the September 2004 World Economic Outlook expects that Australia's strong economic performance will continue.

Latham Hides Tax Policy From Independent Costing

Last night, the ALP referred elements of its Tax and Better Family Payment Plan, released on 7 September 2004, some 22 days before, for costing under the Charter of Budget Ho