Media releases

2001

Consumer Price Index - September Quarter 2001

The release of the Consumer Price Index (CPI) indicates that inflationary pressures continue to remain modest.

Labor Blows the Budget

After two and a half weeks of the election campaign, the Labor Party has made promises for new spending of $3.8 billion.

Beazley's Rollback: All Talk, No Ticker

Labor's grand plan for the rollback of GST amounts to a promise to keep over $29 out of every $30 of GST collected.

Mid-Year Economic and Fiscal Outlook Shows a Resilient Australian Economy

The 2001-02 Mid-Year Economic and Fiscal Outlook, released today, shows continued resilience of the Australian economy in a very unfavourable international climate.

Taxation of Expatriates

The Government will enhance the previously announced measure of providing a tax exemption for certain foreign source income of expatriates resident in Australia for less than four years.

Venture Capital

Venture capital tax concessions will be extended as part of a major program by the Government to boost investment in venture capital.

Beazley's Big BAS Bungle

Labor is opposed to the GST but now they want to run it. And they haven't got a clue how it works.

Deductibility of Travel Expenses

The Government will amend the income tax legislation concerning the deductibility of expenses incurred by taxpayers in travelling between two places of unrelated income earning activity.

Appointments to the Companies and Securities Advisory Committee

I today announced a number of appointments to the Companies and Securities Advisory Committee (CASAC) and its Legal Sub-Committee.

Capital Gains Tax - Rollover Of Assets From Trusts To Companies

Today the Government is announcing that the Income Tax Assessment Act 1997 will be amended, for asset transfers from 11 November 1999, to include a new capital gains tax (CGT) rollover

Australian Competition Tribunal Appointment

The Governor-General in Council has appointed Dr Jill Walker, a Sydney economist, to the Australian Competition Tribunal for a five year term.

Protocol Amending the Australia-United States Of America Double Taxation Convention

The United States Ambassador to Australia and I have signed a Protocol today that will amend the double taxation convention between Australia and the United States of America for the avoidance of d

2000-01 Final Budget Outcome

In 2000-01, the Commonwealth general government sector achieved an underlying cash surplus of $5.6 billion and an accrual fiscal surplus of $5.9 billion.

IMF Says Economic Fundamentals in Australia Remain Sound

The IMF's latest World Economic Outlook (WEO) confirms that the economic fundamentals in the Australian economy remain sound, despite a slowdown in world growth.

Appointments to the Financial Reporting Council

I have appointed Mr Ian Mackintosh and Mr Phillip Prior as members of the Financial Reporting Council (FRC) for terms of three years.

Appointment of Member of the Australian Securities and Investments Commission

The Governor-General in Council has today appointed Professor Berna Collier as a full-time member of the Australian Securities and Investments Commission (ASIC).

National Accounts: June Quarter 2001

The Australian economy continued its solid growth in the June quarter of 2001.

Rollback Equals Complexity

Labor's announcement on funerals demonstrates how Rollback would create complexity and compliance difficulties, not only for the funeral industry but for thousands of other businesses that deal wit

Eighth APEC Finance Ministers' Meeting

The Eighth APEC Finance Ministers' Meeting in Suzhou, China on 8-9 September, provided an important opportunity for regional Finance Ministers to discuss developments in the international economy a

The 8th APEC Finance Ministers' Meeting in China

I will be visiting China from Friday, September 7 to Sunday, September 9, to attend the 8th APEC Finance Ministers' Meeting in Suzhou.