The government has called an election and is now in caretaker

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1999

Capital Gains Tax Treatment of Assets Acquired by Trusts

Today I am announcing further details on the capital gains tax (CGT) treatment of assets disposed of by trusts after 1 July 2001, the date from which trusts will be taxed like companies.

2000-01 Pre-Budget Submissions

I am inviting submissions from individuals, business and community groups on their views regarding the strategy for the 2000-01 Budget.

OECD Survey of the Australian Economy

The 1999 Survey of Australia released by the OECD today provides a very favourable assessment of the performance of the Australian economy over the past year and a strong endorsement of the

National Accounts: September Quarter 1999

The Australian economy grew strongly by 1.6 per cent in the September quarter and 4.5 per cent through the year.

Papua New Guinea - Short Term Financial Support Facility

The Australian Government today agreed to provide a US$80 million financial support facility to PNG following advice from the PNG Government and the International Monetary Fund (IMF) missio

Regional Australia: Wages

Reports attributing to me a "plan to cut wages in the bush for the unemployed" are wrong.

The New Business Tax System - a Reality

The New Business Tax System is a reality, with key legislation passed by Parliament receiving Royal Assent today.

Capital Gains Tax Scrip for Scrip Roll-Over

The capital gains tax (CGT) scrip for scrip roll-over provisions became law today when the New Business Tax System (Capital Gains Tax) Bill 1999 received Royal Assent.

Treasurer to Attend Inaugural Meeting of G20

I will be attending the inaugural Ministerial meeting of the G-20 in Berlin on 15-16 December 1999.

Charitable Sector and the GST

The Government has reviewed the report of the Charities Consultative Committee which was established by the Australian Tax Office as part of the Government's agreement with the Australian D

Reappointment of Taxation Commissioner

The Treasurer, Mr Costello announced today that the Governor-General has re-appointed Mr Michael Carmody to the position of Commissioner of Taxation for a period of seven years.

Appointment to the Financial Sector Advisory Council

I am pleased to announce a new appointment to the Financial Sector Advisory Council (FSAC) – Mr Paul Batchelor, Chief Executive Officer of AMP Limited.

Defence - East Timor Levy

As I announced on 23 November, the temporary Defence - East Timor Levy will apply at a rate of 0.5 per cent on total taxable incomes above $50,000 per annum and one per cent on total taxabl

FBT Exemption for Remote Area Housing to Help Regional Australia

The Government’s tax reform package A New Tax System announced that the fringe benefits tax exemption for remote area housing provided by primary producers would be extended to mining indus

1999-2000 Mid-Year Economic and Fiscal Outlook

The 1999-2000 Mid-Year Economic and Fiscal Outlook (MYEFO), released today, demonstrates the continuing impressive performance of the Australi

Defence-East Timor Levy

As announced earlier today by the Prime Minister, the Government will introduce a temporary levy in order to partially offset the costs of Australia’s defence costs in East Timor.

ACCC Appointments

The Treasurer, Mr Peter Costello, today announced the re-appointment of Mr Sitesh Bhojani to the Australian Competition and Consumer Commission (ACCC) as a full-time member for a four year

Latest OECD Projections

The OECD expects the recent strength of the Australian economy to continue in 1999, followed by a moderation in growth in 2000.

Australian Competition Tribunal Appointments

The Treasurer, Mr Peter Costello, today announced two appointments to the Australian Competition Tribunal:

The New Business Tax System: Stage 2 Response

I am announcing today the second stage of the Government's response to the recommendations of the Ralph Review of Business Taxation.