Media releases

1999

National Accounts: March Quarter 1999

The stand-out performance of the Australian economy was maintained in the March quarter 1999.

Balance of Payments: March Quarter 1999

Today the Australian Bureau of Statistics released the "Balance of Payments and International Investment Position" (ABS Cat. No. 5302).

Proposed Amendments to the Financial Corporations (Transfer of Assets and Liabilities) Act 1993

The Government has decided to amend the Financial Corporations (Transfer of Assets and Liabilities) Act 1993 (the Act) to extend the deadline for foreign banks to obtain a banking authority

Standard and Poors Upgrades Australia

The Government welcomes the announcement today by Standard and Poors of its upgrading of Australia’s foreign currency debt from AA to AA+.

OECD Economic Outlook 65 Projections

The latest economic projections released today by the OECD acknowledge Australia’s strong economic performance and project Australia to remain among the fastest growing economies in the wor

APEC Finance Ministers' Meeting

I am pleased at the success of the APEC Finance Ministers' meeting held over the weekend in Langkawi, Malaysia, and the advance made on a number of key points Australia has advocated.

Bad Week Simon

After giving up on the Budget, the (WTG) Shadow Treasurer returned to desperate claims about tax reform legislation in the Parliament today.

Fiscal Policy under accrual budgeting

The 1999-2000 Budget is the first budget by the Commonwealth on an accrual basis.

Competition Enforcement Assistance Agreement with United States

The Treasurer will today sign The Australia United States Mutual Antitrust Enforcement Assistance Agreement with Ms Janet Reno, the Attorney-General for the United States of America and Mr Robert

Nomination of Australian Executive Director to the Asian Development Bank, Manila

The Treasurer, the Hon Peter Costello, MP, today announced the nomination of the Hon. Justice John Lockhart, AO, Judicial Specialist with the World Bank, to the position of Executive Direct

IMF World Econonomic Outlook

The IMF has confirmed the favourable outlook facing the Australian economy.

Year 2000 Preparedness in the Australian Financial Sector

In a statement made today on the Year 2000 computer date problem, the Treasurer emphasised that the stability, integrity and efficiency of the financial system are critical to the performan

1999-2000 Budget - Lockup Arrangements

The Treasurer will deliver the 1999-2000 Budget at 7.30 pm AEST on Tuesday 11 May 1999.

Premiers' Conference/Loan Council Outcome for 1999-2000

In reaching agreement today on general revenue assistance to the States and Territories in 1999-2000, the Premiers’ Conference recognised that the continuation of sound fiscal policies by all level

NATSEM Modelling confirms Tax Package Benefits

The NATSEM report released today by Ann Harding and Neil Warren (Distributional Impact of Possible Tax Reform Packages) reaffirms the benefits of the Government’s tax package.

Foreign Investment Review Board: 1997-98 Annual Report

The Foreign Investment Review Board’s 1997-98 Annual Report was released today. The main points in the FIRB’S 1997-98 annual report are as follows:

Privatisation of the Wool Stockpile - Tax Treatment of Trading Stock

Today I am announcing the Government’s tax treatment of the wool stockpile that will apply to the new company, WoolStock Australia.

Defamation Case

My wife and I are very relieved by the decision of the court today. Without any reason Random House chose to publish a false and damaging libel about us.

Legislation Review of the Broadcasting Services ACT 1992

I have today asked the Productivity Commission to conduct a review of the Broadcasting Services Act 1992 and other broadcasting-related legislation.

National Accounts: December quarter 1998

Todays National Accounts confirm exceptionally strong growth in the Australian economy.