Media releases

2004

Consumer Price Index - December Quarter 2003

Today’s Consumer Price Index (CPI) shows that inflation remains subdued in a strongly growing economy, with the All Groups CPI increasing by 0.5 per cent in the December quarter 2003.

Queensland Government Hikes Taxes Whilst Receiving GST Windfall

The Beattie government will receive a GST windfall of $334 million in 2003-04.

Automotive Sales Break All Time Record

Today’s automotive sales figures show that Australians bought more new motor vehicles in 2003 than ever before.

Fringe Benefits Tax Concessions for Public Ambulance Services

The Government will amend the Fringe Benefits Tax Assessment Act 1986 to ensure that employees of public ambulance services are afforded the same fringe benefits tax exemption as employees of publi

Australia-United Kingdom and Australia-Russia Tax Treaties

Opportunities for increased trade and investment flows between Australia and the United Kingdom (UK) and between Australia and the Russian Federation will be improved as a result of the entry into

2003

Deductibility Of Gifts To Rural Fire and Emergency Services Authorities

The Treasurer today announced that the Government will amend the Income Taxation Assessment Act 1997 to ensure that gifts of $2 or more donated to the Country Fire Authority and the Victoria State

Nomination of Australian Alternate Director to The Asian Development Bank

The Treasurer today announced the nomination of Mr Richard Moore, a senior official with the Australian Agency for International Development (AusAID), to the position of Alternate D

Appointments to the National Competition Council

The Governor-General this morning appointed Dr Wendy Craik as President, and Mr David Crawford, Dr Douglas McTaggart, Ms Virginia Hickey and Mr Rodney Sims as Councillors, of the National Co

Productivity Commission First Home Ownership Discussion Paper

The Productivity Commission draft report is an important contribution to the discussion on first home ownership and highlights many important features of the current housing cycle.

Australian Securities and Investments Commission Appointments

The outgoing Chairman, Mr David Knott, is taking leave prior to his resignation at the end of the year.

Appointments to the Productivity Commission

The Treasurer, the Hon. Peter Costello, today announced the appointment to the Productivity Commission of Robert Fitzgerald AM and Philip Weickhardt as Commissioners.

Australian Competition Tribunal Appointments

I am pleased to announce the appointment of two additional Deputy Presidents to the Australian Competition Tribunal.

States Better Off Under GST

GST revenue to the States and Territories for 2003-04 is estimated to be $32.457 billion dollars.

National Competition Policy Payments To States and Territories For 2003-04

The Treasurer today announced that the Australian Government will make competition payments to the States and Territories of more than $578 million in 2003-04.

Taxation of Temporary Residents

The Government will not proceed with a previously announced measure to provide a four-year exemption for first-time temporary residents for most foreign source income, including capital gains

2003-04 Mid-Year Economic and Fiscal Outlook

The 2003-04 Mid-Year Economic and Fiscal Outlook (MYEFO) released today demonstrates the continued resilience of the Australian economy and reflects the Government's ongoing commitment to a s

CLERP (Audit Reform and Corporate Disclosure) Bill Introduced

The Treasurer, the Hon Peter Costello, today introduced the Corporate Law Economic Reform Program (Audit Reform and Corporate Disclosure) Bill into Parliament.

National Accounts: September Quarter 2003

Today’s National Accounts show that Australia’s economic growth rebounded very strongly in the September quarter, growing by 1.2 per cent in the quarter and by 2.6 per cent over the y

Regulations to Clarify the Tax Treatment of Certain Redeemable Preferences Shares

The Government will introduce a regulation under the Income Tax Assessment Act 1997 to clarify the basis under which a redeemable preference share may qualify as a debt interest for the purp

Mark Latham's Question Time Blunder

In Question Time yesterday, Mark Latham asked this question:-