Media releases

1998

Productivity Commission Reference - Impact of Competition Policy Reforms on Rural and Regional Australia

I have today asked the Productivity Commission to report within twelve months on the impact of competition policy reforms on rural and regional Australia.

Productivity Commission Reference - Australia's Gambling Industries

I have today asked the Productivity Commission to provide an information report within twelve months on Australia's gambling industries. The terms of reference for the inquiry are attached.

Productivity Commission Reference - Implementation of Ecologically Sustainable Development (ESD) by Commonwealth Departments and Agencies

I have today asked the Productivity Commission to report within nine months on the Implementation of ESD by Commonwealth departments and agencies. The terms of reference are attached.

Competition Payments to States and Territories

At the April 1995 COAG meeting, the Commonwealth, States and Territories entered into three Inter-Governmental Agreements.

Business Income Tax Consultation

The Treasurer announced today the mechanism by which consultation with business will occur on the business tax reform proposals released as part of the Government’s tax package.

Australia - A Regional Financial Centre Measures

I am announcing two amendments to the measures contained in Taxation Laws Amendment Bill (No.

Tax Avoidance: Foreign Tax Credit Schemes

I am announcing today that the general anti-avoidance provisions in Part IVA of the Income Tax Assessment Act 1936 will be amended with immediate effect in relation to schemes entered into after th

A New Tax System for All Australians

The Federal Government today announces a new tax system for Australia.

Distributions Made Through Chains of Trusts

As announced in A New Tax System, trustees of ‘closely held trusts’ (including all discretionary trusts) will be required to disclose, in the trust’s tax return, the identity of the individual or c

CGT Small Business Rollover Relief and Retirement Exemption for Land and Buildings Held in A Non-Operating Entity

As announced in A New Tax System, the Government has decided to extend the capital gains tax (CGT) small business rollover relief and retirement exemption initiatives to include situations w

Productivity Commission Research Report on the Impact of Commonwealth Indirect Taxes on Exporters

The Productivity Commission report released today provides compelling evidence that our present system of indirect taxes is penalising exporters and putting a brake on economic growth.

Preliminary 1997-98 Budget Outcome

Preliminary estimates for 1997-98 indicate that the underlying budget was in surplus by $1.2 billion. This represents a $6.1 billion improvement over the 1996-97 outcome.

Tax Reform Plan Media Lockup

The Prime Minister and the Treasurer will be releasing, subject to final Party Room approval, the Governments Tax Reform Plan at 4.00pm AEST on Thursday 13 Aug 1998.

Productivity Commission Inquiry: Progress in Rail Reform

The Productivity Commission will conduct an inquiry into progress in rail reform and report within twelve months.

Foreign Investment Case: Tyndall Australia Ltds Portfolio Investment in John Fairfax Holdings Ltd

The Government has decided to raise no objections under foreign investment policy to a proposal by Tyndall Australia Ltd (Tyndall), and its wholly owned subsidiaries, to acquire a portfolio

Treasurer Announces New Jobs for Burnie

The Treasurer today announced the Australian Taxation Office (ATO) would establish a telephone call centre in Burnie resulting in the creation of around 40 new jobs for the city.

Consumer Price Index - June Quarter 1998

The June quarter CPI outcome is another excellent result and continues the exceptionally good inflation performance of the past two years.

Press Release - Petroleum Marketing Reforms

The Government today announced a reform package for the petrol industry in moves designed to cut prices for consumers.

Appointments to the Payments System Board and Closure of the Australian Payments System Council

The Payments System Board (PSB) has been established as part of the Government’s financial sector reform program.

Prices Oversight of Sydney Airport

In June 1997, when the Government privatised the Phase I airports, I announced details of the prices oversight regime that would apply to core-regulated privatised airports.