Media releases

1998

Productivity Commission Inquiry into Residential Aged Care Subsidies

I have today asked the Productivity Commission to report within six months on subsidies to providers of residential aged care.

Tax Rebate For Landcare

Farmers undertaking landcare projects will gain substantial tax rebates through new provisions made under the Natural Heritage Trust.

Changes Improve The R&D Tax Concession

The Treasurer, Peter Costello, and the Minister for Industry, Science and Tourism, John Moore, today announced measures to streamline and improve the research and development tax concession.

Treasurer Heralds New Era for Financial System Regulation

The Australian Securities and Investments Commission (ASIC) and the Australian Prudential Regulation Authority (APRA) commence operations today following the historic overhaul of the nation’s regul

Appointments to the Australian Prudential Regulation Authority

A key element of the changes to the regulatory structure provided for in the Government’s financial sector reform program is the creation of a new organisation, the Australian Prudential Regulation

Another Step Forward For Australia's Space Industry

The Federal Government has granted a wholesale sales tax (WST) exemption for space launch vehicles and satellites. The exemption applies to vehicles and satellites actually launched.

National Competition Council Appointment

The Treasurer, Mr Peter Costello, today announced the appointment of Dr Paul Moy as a Councillor for the National Competition Council. The appointment is on a part-time basis until November 2000.

Australian Financial Support for the Heavily Indebted Poor Country Initiative

Australia will be making a financial contribution through the IMF and World Bank to an initiative to help people in the very poorest countries of the world.

National Accounts: March Quarter 1998: Strong Growth

Today’s National Accounts confirm that the Australian economy is growing strongly with growth of 1.3 per cent in the March quarter 1998 and 4.9 per cent through the year.

Katherine and District Business Re-Establishment Trust Fund

I am announcing today that the Government will amend the law so as to exempt from income tax the grants paid as part of a business re-establishment package to eligible businesses and primary produc

Prices Oversight of Privatised Airports

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.

Australia contributes to APEC Finance Ministers' work to aid asian recovery

Treasurer Peter Costello today announced Australia's contribution to the efforts of APEC’s Finance Ministers responding to the Asian crisis, to improve economic policies, build resilient financial

Clarification of Radio Interview - ABC AM

The ABC AM program this morning falsely asserted that the Government is considering a co-payment (an upfront charge to see a doctor).

Appointment of chair of the Productivity Commission

I am pleased to announce that the Government has appointed Mr Gary Banks as the inaugural Chair of the Productivity Commission.

Superannuation and Family Law

Today the Government is releasing a position paper on reforms in the area of superannuation and family law.

Tax Rebate for Landcare

The Treasurer, Peter Costello, and the Minister for Primary Industries and Energy, John Anderson, today announced details of the Federal Government’s new tax rebate for expenditure on landc

Taxation Treatment of Y2K computer-related and Software expenditures

The Government has announced in the 1998-99 Budget several measures concerning the taxation treatment of Year 2000 (Y2K) compliance and software expenditures.

Labor's Deficit Dodging Leaves Beazley With No Credibility

On February 1 1996, Mr Beazley was quoted as saying: We're operating in surplus and our projections are for surpluses in the future.

Nominated loan council allocations for 1998-99

Loan Council has endorsed the Loan Council Allocations (LCAs) nominated by the Commonwealth and each State and Territory for 1998-99.

Australia reconfirms bilateral support for Indonesia

Last night (Australian time) the International Monetary Fund (IMF) announced its Executive Board had completed its first review of the Indonesian Stand-By Arrangement.