Media releases

Treasurer Peter Costello and the Minister for Industry, Science and Resources, Senator Nick Minchin, today gave in-principle support for an independent review of the operation of the Nation

The Government has today introduced into Parliament the Taxation Laws Amendment Bill (No.

The Government is releasing an exposure draft of legislation to tax certain trusts like companies with effect from 1 July 2001.

The Treasurer, the Hon Peter Costello, today announced that Mr Michael Callaghan, a senior official with the Commonwealth Treasury, has been elected to the position of Executive Director at

In 1999-2000, the Commonwealth general government sector achieved an underlying cash surplus of $12.7 billion and an accrual fiscal surplus of $13.5 billion.

On 1 July 2000, as part of the introduction of the New Tax System, tax on diesel fuel for heavy transport fell by 24 cents per litre.

In its latest World Economic Outlook (WEO), the IMF is forecasting continued strong growth for the Australian economy.

Under the Intergovernmental Agreement on the Reform of Commonwealth-State Financial Relations, the Commonwealth has referred to the Ministerial Council a number of minor proposals to improv

The sustained strong performance of the Australian economy continued in the June quarter, with GDP growth of 0.7 per cent in the quarter and 4.7 per cent through the year with minimal

The Seventh APEC Finance Ministers’ Meeting in Brunei Darussalam (9-10 September) issued a call for appropriate increases in supplies of oil and emphasised the risks to the world economy of

The Treasurer leaves for Jakarta today for meetings with key Indonesian Ministers en route to the 2000 APEC Finance Ministers meeting in Brunei.

Joint Press Release by Hon Peter Costello, Treasurer of Australia and Hon Dr Michael Cullen, Treasurer, Finance and Revenue Minister of New Zealand

Measures will be introduced to prevent potential avoidance of GST in respect of repairs carried out under insurance policies.

The Government is today releasing its response to the Report of the Productivity Commission inquiry into the Impact of Competition Policy Reforms on Rural and Regional Australia.

Today’s jobs figures are good news for Australians.

The Government is establishing a Board of Taxation to advise on the development and implementation of taxation legislation as well as the ongoing operation of the tax system.

The Government has previously announced its in principle support for the development of the Tax Value Method of determining taxable income.

Claims by Labor that today’s interest rate increase was related to GST are patently false.

The Shadow Treasurer, Mr Simon Crean, today proved to his embarrassment that he does not understand the new tax system and 'rollback' is a lame joke.

The States and Territories (States) will today receive their first payment of GST revenue, as part of the Government’s important reforms to Commonwealth-State financial relations.