The government has called an election and is now in caretaker
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Media releases
2009
Social Housing Work Provides Economic Stimulus
Today I inspected social housing units in the Brisbane suburb of Nundah in my electorate where work is being carried out under the Rudd Government's Nation Building Economic Stimulus Plan.
Foreign Investment Decision
Today I approve a revised application by China Minmetals Non-ferrous Metals Co Ltd to acquire certain mining assets of OZ Minerals Ltd, but not including the Prominent Hill mine, conditional on leg
Treasurer to Meet Fellow G-20 Finance Ministers
Tomorrow I will meet with my fellow G-20 Finance Ministers in Washington DC to discuss the deteriorating state of the global economy in advance of the upcoming Budget, as well as actions to tackl
IMF World Economic Outlook April 2009
In its latest World Economic Outlook (WEO) released overnight the IMF paints a bleak outlook for the global economy, and particularly for advanced economies, which are expected to contra
March 2009 Consumer Price Index
Today’s CPI result shows that inflationary pressures continue to moderate in response to the global recession and its effects on the domestic economy.
IMF Global Financial Stability Report (April 2009)
In its Global Financial Stability Report (GFSR) released overnight the International Monetary Fund (IMF) paints a sobering picture of the ongoing challenges facing the global financial s
2009-2010 Budget Lock-Up
The Treasurer will deliver the 2009-10 Budget on Tuesday 12 May 2009, with his Budget Speech beginning in the House of Representatives of the Federal Parliament at 7.30pm (AEST).
Regulatory Reform for 21st Century Broadband
Today, the Rudd Government has released a Regulatory Reform discussion paper to seek public comment on ways to improve telecommunications regulations to make it work more effectively in the inter
New National Broadband Network
The Rudd Government today announced the establishment of a new company to build and operate a new super fast National Broadband Network.
Tax Bonus to Support Jobs
This week the Tax Bonus component of the Rudd Government's plan to stimulate the Australian economy will begin to flow, supporting jobs until the Government's direct investments in schools, road
Relieving Mortgage Stress
Today I announce a new agreement between the Australian Government and the four major banks, to assist borrowers who are experiencing financial difficulty as a result of the global recession.
OECD and World Bank Downgrade Global Growth Forecasts
The latest forecasts provided by the OECD and World Bank demonstrate the rapidly deteriorating global economic conditions Australia now confronts.
Foreign Investment Decision
Today I approve the application by Hunan Valin Iron and Steel Group for up to a 17.55 per cent shareholding in Fortescue Metals Group, subject to the formal and strict undertakings I have so
Treasurer to Meet with Japanese Finance Minister and Bank of Japan Governor
Today I will meet with the Japanese Finance Minister, Kaoru Yosano, and Bank of Japan Governor, Masaaki Shirakawa in Tokyo, to discuss the impact of the global recession on the Asian region,
$720 Million Cash-Flow Relief for Small Business
Today we announce that the Rudd Government will provide a further $720 million of cash-flow relief for small businesses, self-funded retirees and small superannuation funds doing it tough in the fa
Foreign Investment
Today I advise of progress in my consideration of the takeover proposal by China Minmetals Non-Ferrous Metals Co Ltd for 100 per cent of Oz Minerals Ltd.
Government Economic Stimulus Measures Boosting Investment
Today I visited the Arnott's Virginia bakery with Campbell Arnott's Asia Pacific President Mr Mark Alexander and Mr Lindsay Fox to discuss its major new investment at the site.
Temporary Guarantee of State Borrowing
The Rudd Government will take further action to support jobs and protect vital infrastructure plans from the global recession by providing a time-limited, voluntary guarantee over state governmen
IMF Forecasts Global Economy to Contract in 2009
The International Monetary Fund (IMF) has drastically revised down its forecast for the global economy in its latest update on the global outlook, and has called for concerted policy actions to r
Productivity Commission and Allan Fels to Examine Executive Remuneration
The Rudd Government has today tasked the Productivity Commission (PC) with examining Australia's framework in relation to the remuneration of directors and executives.