Media releases

1999

Assistance to Small and Medium Sized Businesses: Immediate Tax Deductibility for GST Related Expenditure

The Government will legislate to allow immediate tax deductibility for small and medium sized businesses for expenditure on acquiring new plant or new software for the purposes of implement

The GST and Financial Services - Release of Consultative Document

The report is available from http://www.treasury.gov.au.

Appointments to the Financial Sector Advisory Council

I am pleased to announce two new appointments to the Financial Sector Advisory Council (FSAC) – Mr David Murray, Managing Director and Chief Executive Officer of the Commonwealth Bank of Au

GST Start-up Assistance: Program, Office and Advisory Panels

The Government has established a GST Start-Up Assistance Office.

Consumer Price Index - June Quarter 1999

The June quarter 1999 CPI confirms that inflation in Australia remains well in check, in an environment of strong economic growth.

Over $620m in National Competition Policy Payments Announced

The Treasurer today announced the States and Territories will receive more than $600 million for implementing the second tranche of National Competition Policy reform commitments.

Treasurer to Visit PNG

The Treasurer will travel to PNG tomorrow to meet with the new Prime Minister, Sir Mekere Morauta.

The New Tax System Advisory Board

I am announcing today the creation of a new Advisory Board to assist the Government with the implementation of The New Tax System.

Productivity Commission Draft Report on Australia’s Gambling Industries

The Productivity Commission today released its draft report on Australia’s gambling industries.

Appointments to the Securities Advisory Committee

The Treasurer, the Hon Peter Costello, MP, today announced the appointment or re-appointment of nine members of the Companies and Securities Advisory Committee (CASAC).

GST Legislation: Royal Assent

The GST legislation passed by Parliament last week has today received Royal Assent.

Nomination of Australian Executive Director to the World Bank, Washington

The Treasurer, the Hon Peter Costello, MP, today announced the nomination of Mr Neil Hyden, Chief Adviser (International), Department of the Treasury, to the position of Executive Director

New Deputy Chairman of the Australian Securities and Investments Commission

I am pleased to announce that Mr David Knott was today appointed by the Governor-General in Council as the new Deputy Chairman of the Australian Securities and Investments Commission.

Australian Competition and Consumer Commission Appointment

The Treasurer, Mr Peter Costello, today announced the appointment of Dr David Cousins to the Australian Competition and Consumer Commission as a full-time member for a three year term comme

Historic Senate Vote on Tax

I welcome the Senate vote today in support of the A New Tax System (Goods and Services Tax) Bill 1998.

Australia to Join Financial Stability Forum

Australia has been invited to join the Financial Stability Forum.

Review of Business Taxation

The Government has agreed to a request by Mr John Ralph AO that the reporting date for the Review of Business Taxation be extended to 30 July 1999.

Appointment of Second Commissioner of Taxation

The Governor-General has appointed Dr Alan Preston as one of three Second Commissioners of Taxation.

Foreign Investment Review Board: Appointment of the Hon. Chris Miles

The Treasurer announced today the appointment of the Hon. Chris Miles as a part-time member of the Foreign Investment Review Board (FIRB) for a five-year term.

Australian Competition and Consumer Commission Appointments

The Treasurer, Mr Peter Costello, today announced ten appointments to the Australian Competition and Consumer Commission (ACCC).