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Media releases
2003
Strengthening Prudential Regulation
Funding for the Australian Prudential Regulation Authority (APRA) is to be increased by $21.9 million over four years in measures announced in the 2003-04 Budget.
ACCC Funding For Telecommunications Competition Regulation
The Australian Competition and Consumer Commission (ACCC) will receive funding of $22.9 million over 4 years for its telecommunications competition regulatory functions.
Review Of International Taxation Arrangements
To maintain Australia's status as an attractive place for business and investment, the tax system needs continually to adapt to the increasingly integrated global business environment.
Fuel Tax Reform For the Future
An efficient and competitive energy sector is a key priority for the Government's strategic policy agenda.
Incentives To Promote Cleaner Fuels
The Treasurer and the Minister for the Environment and Heritage today announced that the Government will introduce additional measures to encourage the production of clean fuels.
Entry Into Force Of the Protocol Amending the Australia and United States Double Tax Treaty
Opportunities for increased trade and investment flows between the United States and Australia will be improved as a result of amendments to the Double Tax Treaty between the two countries.
Personal Income Tax Cuts
From 1 July 2003, Australian taxpayers will share in personal income tax cuts worth $10.7 billion over the next four years.
Re-Appointment of Ms Jillian Rosemary Broadbent to the Board of the Reserve Bank of Australia
I am pleased to announce the re-appointment of Ms Jillian Rosemary Broadbent
to the Board of the Reserve Bank of Australia for a term of five years, beginning
on 7 May 2003.
OECD Ministerial Council Meeting 2003
The OECD Ministerial Council Meeting in Paris provided the first opportunity
for Ministers to discuss the global economic outlook in the immediate aftermath
of the war in Iraq.
OECD Expects Australian Economic Growth to Increase in 2004
The OECD's latest Economic Outlook provides another
positive assessment of the Australian economy.
Consumer Price Index - March Quarter 2003
Today's Consumer Price Index (CPI) shows that the All Groups
CPI increased by 1.3 per cent in the March quarter 2003 to be 3.4 per cent higher
over the year, largely reflecting the effects o
Nomination to the European Bank for Reconstruction and Development
The Acting Treasurer today refuted media reports concerning the terms of Mr
Peter Reith's nomination as an Executive Director at the European Bank for Reconstruction
and Development in London
Nomination of Australian Executive Director to the European Bank for Reconstruction and Development and Australian Alternate Executive Director to the World Bank
The Government has decided to nominate Mr Peter Reith for appointment as an
Executive Director at the EBRD in London for a term of three years from 1 August
2003.
Release of the Report on the Competition Provisions of the Trade Practices Act 1974, and their Administration and the Commonwealth Government Response
The Treasurer today announced the release of the Report on the competition
provisions of the Trade Practices Act 1974 (the Act) and their administration,
and the Commonwealth Government's res
Taxation of Capital Protected Products
Today the Government is announcing a measure relating to the taxation treatment
of the capital protection feature included in a capital protected product.
Report of the HIH Royal Commission
I am today releasing the Report of the HIH Royal Commission in its entirety.
Productivity Commission Inquiry
The Productivity Commission has been instructed to undertake an inquiry into
the impacts of Commonwealth, State and Territory regulations relating to native
vegetation and biodiversity.
Australian Economy to Remain Resilient Says IMF
The IMF's forecast in its April 2003 World Economic Outlook is
that Australia's economic performance will keep it as one of the strongest economies
of the developed world in 2003 and 2004.
2003-2004 Budget - Media Lockup Arrangements
The Treasurer will deliver the 2003-2004 Budget at 7.30 pm AEST on Tuesday
13 May 2003.
Meeting of the Ministerial Council for Commonwealth-State Financial Relations and Outcome of Loan Council Meeting
Today's meeting of the Ministerial Council for Commonwealth-State Financial
Relations noted that, on the basis of current estimates, States and Territories
would receive: