Media releases

2011

Release of 2010-11 Final Budget Outcome

The 2010-11 Final Budget Outcome shows that despite the major impact on budget revenues from the global financial crisis, recent natural disasters and a strong Australian dollar, Australia's pub

Media Arrangements for the Tax Forum

The Tax Forum will be held on Tuesday 4 October and Wednesday 5 October in the Great Hall at Parliament House.

Treasurer to Attend G20, IMF and World Bank Meetings

Today I will meet with G20 Finance Ministers in Washington DC before attending this weekend's annual meeting of the IMF and World Bank.

Carbon Price Modelling Update

The Gillard Government has today released updated modelling of the impact of a carbon price which confirms Australia's economy will continue to grow strongly at the same time as we cut pollution.

Increasing Budget Transparency

The Gillard Government welcomes the passage of legislation through the House of Representatives last night to deliver greater accountability and transparency to Australia's already strong budget

IMF World Economic Outlook and Fiscal Monitor

The IMF's September World Economic Outlook (WEO) confirms our fundamentals remain strong with the Australian economy expected to grow faster than all major advanced economies next year, despite i

Manufacturing's Crucial Role in our Economy

Prime Minister Julia Gillard, Deputy Prime Minister and Treasurer Wayne Swan, Innovation Minister Senator Kim Carr and Minister for Defence Materiel Jason Clare today met with leaders from the m

Hockey Paves Way For Next Costings Disaster, Abandons Support For PBO

Shadow Treasurer Joe Hockey has paved the way for another multi-billion budget disaster at the next election, insisting today that he will keep Coalition policy costings hidden from independent scr

Second Exposure Draft - Minerals Resource Rent Tax

The Gillard Government today releases the second exposure draft legislation for the Minerals Resource Rent Tax (MRRT) - a critical reform that will help address the challenges of our patchwork ec

Hockey Says 'Trust Me' on $70 Billion Black Hole

The Shadow Treasurer has today declared he will keep the Australian people in the dark about how the Coalition will get out of its disastrous $70 billion budget black hole.

New Permanent Financial Claims Scheme Cap to Protect 99 Per Cent of Australian Deposit Accounts in Full

Today I announce a new, permanent cap to be introduced from 1 February 2012 for the Financial Claims Scheme (FCS) of $250,000 per person per institution to protect the savings held in around 99 per

Tomorrow's Jobs – Staying Ahead of the Game

The Government will hold a one-day forum next month to discuss how Australia can build on its outstanding record of economic growth and job creation in recent years, and best position our nation to

National Accounts - June Quarter 2011

Today's National Accounts show that the Australian economy grew strongly in the June quarter, underpinned by a recovery from the natural disasters, solid growth in consumption, and a further pic

Sky-High Cost of Opposition's 'Subsidies for Polluters' Scheme

Treasury analysis released today shows the Opposition's 'Subsidies for Polluters' scheme will more than double the economic cost of reaching the bipartisan carbon pollution reduction target of 5 pe

NBN Switched on in Townsville

Deputy Prime Minister and Treasurer Wayne Swan today launched the National Broadband Network in Townsville, marking the first location in Queensland to benefit from the NBN.

Treasurer to Visit Hong Kong and Guangzhou

Today I will travel to Hong Kong to meet with key regional investors and policy-makers to get a first-hand assessment of economic and business conditions in the region and to discuss the strengt

Parliamentary Budget Office Legislation Introduced

The Government has taken another important step towards establishing a new Parliamentary Budget Office (PBO), introducing legislation into the Parliament today.

Appointments to Commonwealth Grants Commission

I am pleased to announce the appointments of Patricia Faulkner, Jenny Menzies and Jeff Petchey, and the reappointment of Greg Smith to the Commonwealth Grants Commission.

Exposure Draft - Petroleum Resource Rent Tax Bill

The Treasury has today released for public comment exposure draft legislation for the extension of the Petroleum Resource Rent Tax (PRRT).

First Report on Economic Potential of Senior Australians

The Gillard Government has today received the first report from the Advisory Panel on the Economic Potential of Senior Australians (the Panel) that looks at how our nation can best harness the oppo