Media releases

2008

Proposed Acquisition of Bank of Western Australia and St Andrew's by the Commonwealth Bank of Australia

Today I am announcing approval, with conditions, of the proposed acquisition of the Bank of Western Australia (BankWest) and St.

Building Australia's Low Pollution Future with Renewable Energy and New Solar Credits

Treasurer Wayne Swan, Minister for Climate Change Senator Penny Wong and Minister for the Environment Peter Garrett today released details on the Government's 20 per cent Renewable Energy Target

Increasing Commonwealth Government Securities to Support Australia's Financial Markets

Today I am giving a Direction to the Australian Office of Financial Management (AOFM) to increase the issuance of Commonwealth Government securities by up to a further $5 billion, to $60 billion.

Investment Allowance to Boost Business Investment

Today I am pleased to announce further action by the Rudd Government to boost economic activity and support jobs with a 10 per cent temporary investment allowance - in the form of an additional tax

Reduction of the Quarterly Pay-As-You-Go Instalment Due in February 2009 for Small Businesses

Today we are pleased to announce the Rudd Government will take further action to help Australian small businesses to weather the global financial crisis by cutting the quarterly pay-as-you-go (PAYG

Economic Security Strategy Payments Start Today

Families and pensioners will start receiving their payments today from the Rudd Government's $10.4 billion Economic Security Strategy to strengthen the economy in the face of the global financial

$1 Billion to Help Secure Urban Water

Treasurer Wayne Swan and Minister for Climate Change and Water, Senator Penny Wong, today released the guidelines that will govern the Rudd Government's $1 billion National Urban Water and Desalina

Treasurer and Minister for Trade Depart for Talks with Chinese Government

Today we depart for Beijing, China, to hold talks with members of the Chinese Government on economic issues.

Car Dealer Financing: Establishment of a Special Purpose Vehicle

Today I am pleased to announce a Special Purpose Vehicle (SPV) will be established with the support of leading Australian banks to provide liquidity to car dealer financiers who have encountered

Tax Review to Provide Early Advice on Retirement Income System

The Government has asked the Australia's Future Tax System Review panel to bring forward its consideration of the retirement income system and report by the end of March 2009.

National Accounts - September Quarter 2008

Today’s National Accounts are a positive outcome for Australia, in the context of a rapidly deteriorating global environment.

Balance of Payments - September Quarter 2008

Today’s release of the Balance of Payments shows a significant narrowing in the current account deficit in the September quarter to $9.7 billion, representing 3.3 per cent of June quarter nominal

Guarantee Scheme for Large Deposits and Wholesale Funding of Deposit-Taking Institutions

From today, the fee structure for large deposits and wholesale funding for the Government’s guarantee comes into effect.

Treasurer Calls for Input into the 2009-10 Budget

Today I invite Australian families, individuals, business and community groups to submit their ideas for the 2009-10 Budget.

AOFM Makes First Two Investments in RMBS

I welcome the first two investments by the Australia Office of Financial Management (AOFM) in Residential Mortgage Backed Securities (RMBS) under the Government's initiative to invest $8 billion

Treasurer to Meet with Key Finance Sector Representatives in New York

Today I will meet a number of key private sector representatives in New York to discuss how the financial crisis is unfolding and how it is impacting on the prospects for global growth and commod

National Rental Affordability Scheme - Participation by Charities

The Rudd Government will introduce a transitional safety net to cover charities looking to participate in the National Rental Affordability Scheme (NRAS).

Treasurer to Hold Meetings in New York

Today I will hold meetings with key financial market participants and the New York Federal Reserve.

Treasurer to Meet Key US Economic Policymakers

Today I will begin meetings in Washington D.C. with key US economic policy makers in preparation for the G20 Leaders' meeting which the Prime Minister and I will attend this week.

Meetings with G-20 Counterparts on Global Financial Crisis

Today I will be meeting with my counterparts ahead of the G-20 Finance Ministers and Central Bank Governors meeting in Sao Paulo, Brazil.