Media releases

2007

Accident: Phil Gaetjens

Last night my Chief of Staff for the last 10 years, Phil Gaetjens, was seriously injured as a pedestrian in a car accident near Parliament House around 7.00pm.  He sustained serious injurie

Saturday Marks Fundamental Injustice Day, Eight Years On

"When the history of this Parliament, this nation and this century is written, 30 June 1999 will be recorded as a day of fundamental injustice - an injustice which is real, an injustice which is

Treasurer Launches First Results From 2006 Census

Australia’s population is set to pass 21 million in two days, according to calculations from the 2006 Census of Population and Housing.

Australians to Benefit from 1 July

From 1 July every Australian taxpayer will receive an income tax cut.

OECD Employment Outlook 2007

Last night the OECD released their Employment Outlook for 2007, which included a study of the effect of labour market policies on productivity.  The study provides support for the Government’s

Productivity Commission to Examine the Market for Retail Tenancy Leases

The Treasurer today asked the Productivity Commission to conduct a six-month inquiry into the market for retail tenancy leases in Australia.  Whilst retail tenancy leases fall under state l

Government Amendments to the Trade Practices Act 1974

Today we announce that following extensive consultation with small business, the Government will introduce the Trade Practices Legislation Amendment Bill (No. 1) 2007 (the Bill) to amen

ACCC to Inquire into Petrol Prices

I have today directed the Australian Competition and Consumer Commission (ACCC) to immediately commence an inquiry into petrol pricing across Australia under Part VIIA of the Trade Practices Act.

Labors 'Back To The Future' High Tax Policy

Yesterday Labor’s Wayne Swan secretly distributed a document entitled “The Treasurer’s Economic Myths”.  He did not have the courage to post it on his website or release it publicly, where

National Accounts - March Quarter 2007

The Australian economy showed robust growth in the March quarter 2007.  National Accounts data released by the ABS this morning show that GDP increased by 1.6 per cent to be 3.8&n

Record Number of Births Welcomed

Preliminary figures released today by the ABS show that the number of births in Australia in 2006 was 265,922.

Nomination of Robert Zoellick for World Bank President

The Treasurer today welcomed the announcement that Mr Robert Zoellick will be the US nominee for the position of President of the World Bank.

Reform of Process for Appointment of World Bank President

The Treasurer today re‑iterated Australia’s strong support for the G‑20 position that the heads of the international financial institutions, including the World Bank, should be appointed using an

OECD Predicts Budget Measures to Enhance Australia's Supply Potential

The OECD’s latest Economic Outlook presents a positive outlook for the Australian economy, with economic growth expected to recover strongly in 2007 and 2008, after being negatively impacted by a

$2.5 Million in Capital Funding for the Clinical Education and Research Centre at Bond University

The Treasurer announced today that Bond University is to receive $0.5 million in 2008 and $2.0 million in 2009 towards the cost of establishment of the Bond Clinical Education and Research Cent

Appointments of Mr Tony D'Aloisio as Chairman and Mr Jeffrey Lucy AM as a Commissioner of the Australian Securities and Investments Commission (ASIC)

I am pleased to announce the appointments of Mr Tony D’Aloisio as Chairman and Mr Jeffrey Lucy AM as a Commissioner of the Australian Securities and Investments Commission (ASIC).  Mr D’Alo

"Better Super" Information Initiative

Today the Treasurer and the Minister for Revenue and Assistant Treasurer launched an initiative to inform all Australians about how the biggest reform to superannuation ever will enable them to p

Increased Budget Funding for ASIC

The Australian Securities and Investments Commission (ASIC) will receive a significant funding increase of $116.7 million over four years in this year’s Budget to support its information techn

Simpler Tax for Small Business

The Government has announced a package of measures that will make it easier for small businesses to meet their tax obligations.

Establishment Costs for Carbon Sink Forests Deductible

Treasurer Peter Costello today announced new tax arrangements applying to the costs of establishing forests for the dedicated purpose of reducing greenhouse gas emissions.