Media releases

1998

OECD Economic Outlook 64 Projections

The OECD projects Australia’s economic growth over the next two years to exceed that of the United States and the European Union and to be well above the OECD average.

IMF Article IV Consultation with Australia - Release of the Public Information Notice

Australia’s economic management and the Government’s plans for tax reform have received strong international endorsement.

Tax Consultative Committee Recommendations

The Treasurer today received the Recommendations of the Tax Consultative Committee.

Crean's False Start

The Shadow Treasurer, Mr Crean, desperate to create a profile, has made a number of ignorant and false statements on tax reform in press releases today.

Household Expenditure Survey

In a desperate attempt to create profile Mr Crean today complains the Government will release Household Expenditure analysis of the new tax system.

Labor on Hypocrisy

In a desperate attempt to create profile Mr Crean today accuses the Government of 'hypocrisy' for pointing out he wants to call an inquiry into something he is pledged to oppose.

Australia Welcomes G7 Statements on Reforming the International Financial System

The Australian Government welcomes the statements overnight by the G7 Leaders and Finance Ministers and Central Bank Governors on steps for addressing the financial crisis

Audit Report on Taxation Reform Communications

The Government welcomes the release today by the Australian National Audit Office (ANAO) of its performance audit; Taxation Reform – Community Education and Information Programme, to the Pr

Consumer Price Index - September Quarter 1998

The September quarter CPI outcome is another positive for the Australian economy and continues the impressive inflation performance of the last two years the Acting Treasurer Senator the Hon Rod Ke

Tax Consultative Committee

The Government's taxation reform package Tax Reform: not a new tax, a new tax system foreshadowed a targeted consultation process to assist in determining the final GST design issues on various tec

Review of Business Taxation

On 14 August 1998, I announced the appointment of Mr John Ralph AO to chair a review of Business Taxation which will form the basis of a comprehensive new business tax regime under the New Tax Syst

Australian Competition and Consumer Commission Appointment

The Treasurer, Mr Peter Costello, today announced the appointment of Ms Yasmin King of Adelaide as an associate member of the Australian Competition and Consumer Commission (ACCC).

Petrol Price Monitoring Program

The Government welcomes the first release of data by the independent price monitoring system of petrol prices for 100 country towns and capital cities across the nation.

Senate Inquiry on Government's Taxation Reform Package

The Government entered the election with a comprehensive proposal for reforming Australia’s taxation system.

IMF World Economic Outlook

The IMF in its world economic outlook forecasts calendar year growth at 3.5% in 1998 and 2.0% in 1999.

Labor Isolated on Tax Reform

Yesterday Professor Ann Harding of the National Centre for Social and Economic Modelling (NATSEM), delivered a paper at the Australian National University's Public Policy Program Public Seminar Ser

Melbourne Shrine of Remembrance: Federation Funding

The Commonwealth Government will contribute $5 million to Melbourne’s Shrine of Remembrance from the Federation Fund.

Corporate Law Reforms to Abolish Annual Returns for One Million Companies for the Year 2000/2001

As part of its desire to cut costs for business and develop a pro-enterprise system of corporate law the Government will abolish the need for 650,000 proprietary companies to lodge their Annual Ret

National Accounts - June Quarter 1998

The June quarter National Accounts confirm that the economy is growing very strongly, with growth of 0.8 per cent in the quarter and 3.9 per cent through the year.

Update of Economic and Fiscal Outlook

I am today releasing an update of the Treasury’s economic outlook for 1998-99 and the most recent fiscal outlook prepared by Treasury and the Department of Finance and Administration.