Media releases
1999
National Accounts: September Quarter 1999
The Australian economy grew strongly by 1.6 per cent in the September quarter and
4.5 per cent through the year.
Papua New Guinea - Short Term Financial Support Facility
The Australian Government today agreed to provide a US$80 million financial support
facility to PNG following advice from the PNG Government and the International Monetary
Fund (IMF) missio
Regional Australia: Wages
Reports attributing to me a "plan to cut wages in the bush for the
unemployed" are wrong.
Treasurer to Attend Inaugural Meeting of G20
I will be attending the inaugural Ministerial meeting of the G-20 in Berlin on 15-16
December 1999.
The New Business Tax System - a Reality
The New Business Tax System is a reality, with key legislation passed by
Parliament receiving Royal Assent today.
Capital Gains Tax Scrip for Scrip Roll-Over
The capital gains tax (CGT) scrip for scrip roll-over provisions became law today when
the New Business Tax System (Capital Gains Tax) Bill 1999 received Royal Assent.
Charitable Sector and the GST
The Government has reviewed the report of the Charities Consultative Committee which
was established by the Australian Tax Office as part of the Government's agreement with
the Australian D
Reappointment of Taxation Commissioner
The Treasurer, Mr Costello announced today that the Governor-General has re-appointed
Mr Michael Carmody to the position of Commissioner of Taxation for a period of seven
years.
Appointment to the Financial Sector Advisory Council
I am pleased to announce a new appointment to the Financial Sector Advisory Council
(FSAC) Mr Paul Batchelor, Chief Executive Officer of AMP Limited.
Defence - East Timor Levy
As I announced on 23 November, the temporary Defence - East Timor Levy will apply at a
rate of 0.5 per cent on total taxable incomes above $50,000 per annum and one per cent on
total taxabl
FBT Exemption for Remote Area Housing to Help Regional Australia
The Governments tax reform package A New Tax System announced that the
fringe benefits tax exemption for remote area housing provided by primary producers would
be extended to mining indus
1999-2000 Mid-Year Economic and Fiscal Outlook
The 1999-2000 Mid-Year
Economic and Fiscal Outlook (MYEFO), released today, demonstrates the continuing
impressive performance of the Australi
Defence-East Timor Levy
As announced earlier today by the Prime Minister, the Government will introduce a
temporary levy in order to partially offset the costs of Australias defence costs in
East Timor.
ACCC Appointments
The Treasurer, Mr Peter Costello, today announced the re-appointment of Mr Sitesh
Bhojani to the Australian Competition and Consumer Commission (ACCC) as a full-time member
for a four year
Latest OECD Projections
The OECD expects the recent strength of the Australian economy to continue in 1999,
followed by a moderation in growth in 2000.
Australian Competition Tribunal Appointments
The Treasurer, Mr Peter Costello, today announced two appointments to the Australian
Competition Tribunal:
The New Business Tax System: Stage 2 Response
I am announcing today the second stage of the Government's response to the recommendations of the Ralph Review of Business Taxation.
Update on Year 2000 Preparedness in the Australian Financial Sector
The Australian banking and financial sector is well prepared for the Year 2000 and
continues to be internationally recognised as being at worlds best practice.
GST Flexibility for Non-Profit Organisations
The Government will make important changes to assist non-profit organisations in
complying with the GST.
Consumer Price Index - September Quarter 1999
The September quarter 1999 CPI outcome shows that inflation in Australia remains in
check in an environment of continuing strong economic growth.