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Media releases

2003

Re-Appointment of Mr Frank Lowy AC to the Board of the Reserve Bank of Australia

I am pleased to announce the re-appointment of Mr Frank Lowy AC to the Board of the Reserve Bank of Australia from 27 June 2003 to 9 December 2005.

Appointment of Members of the Australian Reinsurance Pool Corporation

I am pleased to announce the appointment of Mr Joseph Gersh to the position of part-time Chairman of the Australian Reinsurance Pool Corporation (ARPC) for a period of three years commencing 1 July

Productivity Commission to Review the National Gas Pipelines Access Regime

The Treasurer, Peter Costello, and the Acting Minister for Industry, Tourism and Resources, Joe Hockey, today announced that the Productivity Commission is to undertake a review of the Natio

Appointment of Chairman of the Financial Reporting Council

I am pleased to announce the appointment of Mr Charles Macek as part-time Chairman of the Financial Reporting Council (FRC) for a three year term.

Chief Executive of Australian Reinsurance Pool Corporation

The Federal Government today announced the selection of Mr Neil Weeks as Chief Executive of the Australian Reinsurance Pool Corporation (ARPC).

Axiss Australia

The Treasurer and the Acting Minister for Industry Tourism and Resources announced today that Axiss Australia would continue its operations as a distinct division of Invest Australia in the Departm

National Accounts: March Quarter 2003

Against the weak global environment and the worst drought in a century, today's National Accounts show that Australia's GDP grew by a solid 0.7 per cent in the March quarter 2003, and by 2.9

No Objection Raised to Xstrata's Aquisition of MIM Holdings

I have decided to raise no objections under the Government's foreign investment policy to a proposal by Xstrata Plc to acquire, through a wholly owned subsidiary, all the issued share capita

Appointment of Acting ACCC Chairman

I am pleased to announce the appointment of Mr Graeme Samuel AO to act as Chairman of the Australian Competition and Consumer Commission (ACCC) from 1 July 2003 for a period of 12 months.

Reappointment of Gary Banks as Productivity Commission Chairman

I am pleased to announce that Mr Gary Banks has been reappointed to a further five-year term as Chairman of the Productivity Commission.

Increase in Medicare Levy Thresholds

In order to ensure that low income families and individuals are exempt from paying the Medicare levy, the Government will increase the Medicare levy low income thresholds and the Medicare levy thre

Medical Expenses Offset - Dogs for the Guidance or Assistance of the Hearing Impaired and other Disabled Individuals

I am pleased to announce that the Government will make changes to provide tax assistance to those hearing impaired taxpayers and other disabled individuals who are assisted by hearing or serv

Royal Australian Mint

The Treasurer announced today that the Government would provide the Royal Australian Mint with funding for its capital equipment and working capital requirements.

Wilkinson Report - Implementation Of Recommendations

The Australian Competition and Consumer Commission (ACCC) will receive funding of $2.3 million over three years to enable it to implement key elements of the Government's response to the Wilki

Indigenous Disadvantage - Reporting Of Key Indicators

Additional funding of $2.4 million over 4 years will be provided to the Productivity Commission to produce a regular report to the Council of Australian Governments (COAG) on key indicators of indi

Financial Reporting Council - Expanded Role

The Government will provide $4 million over four years to support the expanded role of the Financial Reporting Council (FRC) under the ninth instalment of the Government's Corporate Law

HIH Royal Commission - ASIC Taskforce

Australian Securities and Investments Commission (ASIC) has been provided additional funding of $17.5 million in 2003-04 and $10.7 million in 2004-05 to undertake investigations and prepare briefs

Australian Reinsurance Pool Corporation

Following the events in the United States of 11 September 2001, insurance and reinsurance companies around the world, including Australia, progressively withdrew cover for terrorism risk.

ASIC Funding Boost To Target Corporate Disclosure

The Australian Securities and Investments Commission (ASIC) will receive additional funding of $12.3 million over the next four years to assist in implementing the Government's toughening of laws d

Funds To Combat Corporate Abuse

Australia's corporate regulator, the Australian Securities and Investments Commission (ASIC), will receive additional funding of $12.3 million over the next four years for its corporate insolvency