Media releases
2001
Queensland's GST Revenue
It is now obvious why Peter Beattie was happy to sign up Queensland to the
New Tax System.
Capital Gains Tax Amendments and Private Conservation
I am announcing amendments to the capital gains tax (CGT) rules to ensure that
landowners who set aside part or all of their land for conservation in perpetuity
will not be disadvantaged.
The Facts On Saving
Mr Simon Crean MP today claimed twice on national radio that national savings are being run down. That claim is entirely false.
National Accounts: March Quarter 2001
Economic growth rebounded very strongly in Australia in the March quarter 2001.
Foreign Investment Approval of BHP Limited-Billiton Plc Merger
Under the Foreign Acquisitions and Takeovers Act 1975 (the Act) I have approved arrangements for BHP Limited and Billiton Plc as dual listed entities to merge their businesses subject to a n
Tasmania Boosts Spending Thanks To New Tax System
The reasons are now apparent as to why Jim Bacon and David Crean were so eager to sign up to the New Tax System.
Thin Capitalisation And Debt/Equity Borderline - Changes To Exposure Draft Legislation
On 21 February 2001, the Government released an exposure draft of the New Business Tax System (Thin Capitalisation and Other Measures) Bill 2001.
Pensioners Below Seniors Age: Increase In Effective Tax Free Threshold
The Government has announced an increase in the pensioner rebate for
individuals not of age pension age to $1,608 and to $1,155 each for couples,
with effect from the current 2000-01 income year.
Cost of Motor Vehicles for Business to Fall
The cost of motor vehicles to GST registered businesses should fall by around
9 per cent as a result of the Governments decision to allow full input tax
credits for motor vehicles acquired on or af
Senior Australians And Pensioners: Increase In Medicare Levy Threshold
The Government will increase the Medicare levy threshold to $20,000 for
senior Australians, including age and service (age) pensioners and to $15,970
for other pensioners entitled to the pensioner
Victoria Boosts Spending Thanks To New Tax System
New spending announcements announced today by the Victorian Government are
funded from the New Tax System introduced by the Commonwealth Government.
Uniform Capital Allowances System - Release of Revised Exposure Draft Legislation
Today the Government is releasing further exposure draft legislation on the
Uniform Capital Allowance (UCA) system.
The OECD Expects Growth Rebound in Australia
In its latest Economic Outlook, the OECD is forecasting economic growth of 2 per cent
for Australia in 2001 against a background of weaker global economic activity, with OECD
area growth expected t
IMF/World Bank Meetings Focus on World Economic Outlook and Reducing Poverty
The Spring Meetings of the IMF and World Bank in Washington on 29-30 April focused on the world economic outlook and, in particular, recent downgrades of world growth prospects.
IMF Predicts Favourable Economic Prospects for Australia
The IMF has confirmed that Australias economic fundamentals remain sound.
Retirement of Edward Evans AC - Secretary to the Treasury
Ted Evans retires today as Secretary to the Treasury, following 43 years in
the public service.
Consumer Price Index - March Quarter 2001
Todays Consumer Price Index (CPI) confirms that inflationary trends in
Australia remain in check.
Foreign Investment Proposal - Shell Australia Investments Limiteds (Shell) Acquisition Of Woodside Petroleum Limited (Woodside)
After long and careful deliberations I have today made orders under the Foreign
Acquisition & Takeovers Act 1975 ("the Act") prohibiting Shell
acquiring a substantial shareholding in Wo
No Excuse For States To Delay $14 000 Home Grant
Some States are delaying delivery of the new $14 000 first home owners grant.
There is no excuse for this delay.