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.