Media releases

2006

Labor Caught Out Over AWB

Labor has attempted to insinuate that it has some change to the tax law that would render payments made by AWB disallowable as deductions against assessable income.

2006-07 Mid-Year Economic and Fiscal Outlook

The 2006‑07 Mid-Year Economic and Fiscal Outlook (MYEFO) released today shows that the economic and fiscal outlook for Australia remains sound, although the economy is being affected by severe d

Standard Business Reporting

The Treasurer today announced a new initiative to provide a significant and sustained reduction in business to government reporting burden.

Board Of Taxation Appointments

I am pleased to announce the appointment of Mr John Emerson AM to the Board of Taxation for a term of two years commencing from 15 January 2007.

Mr John Paterson Appointed as a Member of the Future Fund Board of Guardians

The Government is pleased to announce its decision to appoint Mr John Paterson as a member of the Future Fund Board of Guardians.

Qantas Offer

The offer by Airline Partners Australia in relation to Qantas must comply with the Qantas Sale Act 1992 and the Foreign Acquisitions and Takeovers Act 1975 (FATA). 

Appointment of Australian Statistician

The Governor General has today appointed Mr Brian Pink as Australian Statistician, with effect 5 March 2007.

Payments System Board - Appointment of Mr Robert McLean

I am pleased to announce the appointment of Mr Robert McLean as a part-time member of the Payments System Board (PSB) for a term of five years.

International Company Tax Comparisons

The Report by the Business Council of Australia - Corporate Taxation: An International Comparison – 2006 Update – contains misleading claims about Australia’s corporate tax levels.

Productivity Commission Inquiry into Australia's Consumer Policy Framework

The Treasurer today announced that the Productivity Commission will undertake an inquiry into Australia’s consumer policy framework and its administration.

Simplified Superannuation Legislation Introduced into Parliament

The Treasurer today introduced into Parliament the Tax Laws Amendment (Simplified Superannuation) Bill 2006 to implement the most significant reforms to the taxation of Australia’s superannuation s

National Accounts - September Quarter 2006

National Accounts data released this morning by the ABS show solid growth in the Australian economy, although the effects of severe drought are now showing a significant impact.

OECD Sees a Strengthening Australian Economy

The OECD’s latest Economic Outlook presents a positive outlook for the Australian economy, with economic growth over the next two years expected to accelerate.

Abolition of Domestic Sugar Levy

The domestic sugar levy, which was originally introduced on 1 January 2003 to partly fund the Sugar Industry Reform Programme, will be abolished, effective from midnight on Thursday, 30 Nov

Appointment of Mr Tony DAloisio as a member of the Australian Securities and Investments Commission (ASIC)

The Australian Government is pleased to announce that on 1 November 2006, the Governor-General appointed Mr Tony D’Aloisio as a full‑time member (Commissioner) of ASIC for three years.

New Australia-Finland Taxation Treaty Signed

The Treasurer and the Finnish Minister of Finance today signed a new tax treaty between Australia and Finland to replace the existing, outdated treaty.

G-20 Meeting: Melbourne, 18-19 November 2006

The Treasurer, Mr Peter Costello, and the RBA Governor, Mr Glenn Stevens, chaired the 2006 meeting of the Group of Twenty (G-20) Finance Ministers and Central Bank Governors in Melbourne

Strengthening Economic Ties With Japan

The Australian Treasurer and Japanese Minister of Finance met today and have agreed that officials from their Departments should commence necessary preparations for formal discussions to revise

Making Tax Compliance Easier for Small Business - The New Small Business Framework

The Treasurer and Minister for Small Business today announced that the Government will introduce legislation to standardise the eligibility criteria for small business tax concessions from 1 July 2

Foreign Investment: Brambles Industries Limited

In July 2001, I raised no objections under the Foreign Acquisitions and Takeovers Act 1975 to a proposal for Brambles Industries Limited to merge with the support services activities of GKN plc (wh