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 Government’s 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 Australia’s 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 world’s 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.