Media releases

2001

2001-2002 Budget - Media Lockup Arrangements

The Treasurer will deliver the 2001-2002 Budget at 7.30 pm AEST on Tuesday 22 May 2001.

Additional Funding For Indigenous Organisations

On 13 April last year, I announced the details of an agreement between the Government and the Australian Democrats on the passage of the legislation giving effect to the f

Meeting Of The Ministerial Council For Commonwealth-State Financial

Today’s meeting of the Ministerial Council for Commonwealth-State Financial Relations is the first since the landmark reforms to Commonwealth-State financial relations took effect on 1 July 20

Crean Flops The Budget Test

An illustration of how unprepared for Government the Labor Party is, was shown today by the sheer ignorance of Shadow Treasurer, Simon Crean, in relation to Commonwealth accounts.

Economic Growth and Tax Reform

The Treasurer today rejected suggestions in some newspapers that the Reserve Bank of Australia had blamed the GST for an economic slowdown.

Detail of Additional First Home Owners Grant for New Homes

The eligibility details of the $14,000 grant for first home buyers have been settled in consultation with the States and Territories.

Loan to PNG: Release of Second Tranche

The Australian Government has announced the release of the second US$10 million tranche of its US$30 million loan to PNG.

Business Tax Reform - Implementation Timetable

Today the Government is announcing the timetable for delivering the remaining elements of the business tax reform package.

IMF Commends Government’s Economic Management

The IMF has once again praised the economic management credentials of the Government in its regular independent assessment of the Australian economy.

Appointment of Mr Donald McGauchie to the Board of the Reserve Bank of Australia

I am pleased to announce the appointment of Mr Donald McGauchie as a member of the Board of the Reserve Bank of Australia for a term of five years, beginning from 30 March 2001.

Australian Newspaper Wrong

Claims by The Australian newspaper that the Government will collect more, not less, revenue under changes to the BAS reporting system are wrong.

Reporting Date Extended For Charities Inquiry

The Inquiry into the definition of charities and related organisations has been granted an extension of time to 30 June 2001 within which to complete its report.

National Accounts: December Quarter 2000

Today’s National Accounts show that, in seasonally adjusted terms, GDP declined by 0.6 per cent in the December quarter. Growth through the year was 2.1 per cent.

Nomination Of Australian Alternate Director To The Asian Development Bank

The Treasurer today announced the nomination of Ms Miranda Rawlinson, a senior official with the Australian Agency for International Development, to the position of Alternate Dire

Entity Taxation

In October 2000 the Government released exposure draft legislation providing for the taxation of trusts like companies.

Streamlined GST and PAYG Reporting

Today the Government is releasing an exposure draft of legislation that reforms the thin capitalisation rules to ensure foreign and Australian multinationals pay a fair share of tax in Australia.

Nicaragua Qualifies for Debt Relief

The Treasurer and the Minister for Foreign Affairs are pleased to announce that the Australian Government will provide interim debt relief to Nicaragua.

Labor's Little Deception Entirely False

The Labor Party's claim that petrol tax in February 1996 was only 34 and 36 cents per litre is entirely false. This is incompetence or deliberate deception.

Indexation of on-Road Diesel and Alternative Fuel Grants

The Diesel and Alternative Fuels Grants Scheme (DAFGS) commenced on 1 July 2000 and provides a major cut in diesel and alternative fuel costs for businesses providing on-road transport serv

Taxation Treatment of Datacasting Transmitter Licences

The Government will amend the Income Tax Assessment Act 1997 to allow the cost of datacasting transmitter licences (DTLs) to be written off over their effective lives.