Media releases

2001

Film Production - Refundable Tax Offset

A new taxation incentive will be made available to producers of larger budget foreign and Australian films (including telemovies and mini series productions).

Appointment to the Australian Prudential Regulation Authority

I am pleased to announce the appointment of Mr Rod Atfield to the Australian Prudential Regulation Authority (APRA) Board as an independent member for the term of five years from 1 September 2001.

Singapore Telecommunications Limited - Acquisition Of Cable & Wireless Optus Limited

On 22 August 2001, I raised no objection to a proposal for Singapore Telecommunications Limited (Singtel) to acquire Cable & Wireless Optus Limited (Optus), subject to three conditions.

Release of the Report of the Charities Definition Inquiry

I am releasing today the Report of the Inquiry into the Definition of Charities and Related Organisations.

GROOM FEC

Allegations by the Australian Labor Party under Parliamentary privilege that I had been involved in any way in tax fraud are completely false and without foundation.

Singapore Telecommunications Limited - Application for Foreign Investment Approval to Acquire Cable & Wireless Optus Limited

After careful consideration, I have decided to raise no objections under foreign investment policy to the proposal for Singapore Telecommunications Limited (Singtel) to acquire Cable &

Appointment Of Mr Anthony D'Aloisio To The Board Of Taxation

I am pleased to announce the appointment of Mr Anthony D'Aloisio to the Board of Taxation for a term of two years commencing from 16 August 2001.

OECD Survey Of The Australian Economy

The 2001 Survey of Australia released by the OECD today is a strong endorsement of the Government's approach to macroeconomic and structural policy, including in particular taxation reform.

Debt Issuance By Australian Governments

At the request of the Ministerial Council for Commonwealth State Financial Relations in March 2001, State, Territory and Commonwealth Heads of Treasuries considered the benefits of moving to a

Retail Trade: Continuing Good Economic News

Today's retail trade number of 1.1 per cent in the month of June and 1.0 per cent in real terms for the June quarter is encouraging for continuing economic growth.

Foreign Investment Approval of Brambles Industries Limited-GKN Plc Merger

Under the Foreign Acquisitions and Takeovers Act 1975 (the Act) I today approved arrangements for Brambles Industries Limited (Brambles) and GKN plc (GKN) to merge their support services bus

Board of the Reserve Bank of Australia

I am pleased to announce the appointment of Professor Warwick McKibbin as a member of the Board of the Reserve Bank of Australia for a term of five years, commencing from 31 July 2001.

Consumer Price Index June quarter 2001

The release of the Consumer Price Index (CPI) today shows that inflationary pressures in Australia remain in check.

New Chairman of the Financial Reporting Council

The Treasurer, the Hon Peter Costello, MP, today announced the appointment of Mr Jeffrey Lucy, AM as Chairman of the Financial Reporting Council (FRC).

Alienation of Personal Services Income

The Government has decided to significantly ease the compliance burden for independent contractors under the Alienation of Personal Service Income measures (the measures) applying from the 2000/200

Fuel Taxation Inquiry

The Treasurer, the Hon Peter Costello, MP and the Minister for Industry, Science and Resources, Senator the Hon Nick Minchin today announced the terms of reference and the membership of the c

Treasurer's Press Release No. 47

It has been drawn to our attention that a press release purporting to be from the Treasurer has been distributed to its members by the National Tax and Accountants Association.

Simon "Conroy" Crean Admits GST Rollback Means Higher Taxes, Lower Pensions

A rollback of the GST would mean higher personal income tax rates and lower pensions, Shadow Treasurer Simon Crean admitted today.

Peter Reith

Peter Reith has been a magnificent and untiring soldier for the Liberal Party over almost 20 years.

Alienation of Personal Services Income - agents

Amendments will be made to the alienation of personal services income tax legislation that will change the way the legislation applies to certain individuals (including those working through