Media releases

2006

Terrorism Insurance Act Review: 2006

The Treasurer today released a report on the Terrorism Insurance Act 2003.

2007-08 Pre-Budget Submissions

I am inviting submissions from individuals, business and community groups on their views regarding priorities for the 2007-08 Budget.

Australias Upfront Payment Under the Multilateral Debt Relief Initiative

Today in South Africa the Treasurer announced a $A136.2 million payment to relieve the debts of some of the world’s poorest countries to the World Bank.

South Africa - Australia Joint Economic Research

The Australian Treasurer, Mr Peter Costello, today announced funding for a Joint Economic Research Program me with South Africa.

Matie Community Service Primary Health Care Program

The Treasurer, Mr Peter Costello, announced today that Australia will contribute $30,000 to the Matie Community Service (MCS) in 2006-07 in the Stellenbosch region, South Africa.

Treasurer Invites APEC Finance Ministers to Australia

The Treasurer, Mr Peter Costello, today invited APEC Finance Ministers to attend the next APEC Finance Ministers Meeting in Australia in 2007.

Amendment to Takeovers Law

The Treasurer today released the draft Corporations Amendment (Takeovers) Bill 2006 for public exposure.

National Accounts June Quarter 2006

National Accounts data released this morning by the ABS show moderate economic growth with GDP growing by 0.3percent in the June quarter.

Simplified Superannuation - Final Decisions

The Treasurer and Assistant Treasurer today announced the outcome of the Government’s consideration of the proposals outlined in A Plan to Simplify and Streamline Superannuation which was re

Meetings in Vietnam, South Africa and Singapore

Treasurer Peter Costello, will attend two key international forums in September the 13 th  annual APEC Finance Ministers' Meeting (FMM) in Vietnam on 7-8 September and the International Monetary F

Wickenby Information Sharing and Broader Tax Secrecy Review

New legislation to be introduced in Parliament will help agencies involved in Project Wickenby to better share information to aid concerted law enforcement.

Simpler GST Calculations for Eligible Restaurants, Cafes and Caterers

The Treasurer today announced that a new GST simplified accounting method (SAM) for restaurants, cafes and caterers would be available from 1 October 2006 to make it easier for these businesses to

Reducing Business Reporting Costs

A committee of Australian and State Government officials will be established to examine the case for the introduction of standardised business reporting.

Report of the Taskforce on Reducing Regulatory Burdens on Business Final Government Response

The Treasurer today announced the Australian Government’s final response to the Banks Taskforce report Rethinking Regulation: Report of the Taskforce on Reducing Regulatory Burdens on Business

State Debt: RBA Concerns

The Governor of the Reserve Bank of Australia, Ian Macfarlane, expressed concerns to The Australian newspaper on the weekend about state deficits and borrowings. He said:

Productivity Commission to Promote Regulatory Reform by Developing Cross-jurisdictional Benchmarking Indicators

The Treasurer today announced the Productivity Commission will undertake a study to develop performance indicators and reporting framework options for an ongoing assessment and comparison of regula

The Unemployment Rate Falls to a 30-Year Low

Today’s Labour Force Survey shows that the unemployment rate was 4.8 per cent in July, down from 4.9 per cent in June.

Ministers Welcome Trans-Tasman Financial Reporting Initiatives

The Australian Treasurer Peter Costello and New Zealand Minister of Commerce Lianne Dalziel today welcomed the initiatives that will ensure that Australia and New Zealand continue to work closely

Completion of Consultation on the Governments Plan to Simplify and Streamline Superannuation

The consultation period on the Australian Government’s plan to simplify and streamline superannuation closes today.

Australian Competition and Consumer Commission to Monitor Ethanol Blended Fuel (E10) Prices

The Treasurer, Peter Costello, today announced that the Australian Competition and Consumer Commission (ACCC) will extend its monitoring of fuel prices to include E10 and provide a report on the pr