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TREASURER & FINANCE MINISTER - MEDIA RELEASE - FAILED MINING TAX FINALLY GONE

HON. J. B. HOCKEY

Treasurer 

SENATOR THE HON. MATHIAS CORMANN 
Minister for Finance
Acting Assistant Treasurer

 

Tuesday, 2 September 2014 

FAILED MINING TAX FINALLY GONE

The Government has delivered on our commitment at both the 2010 and 2013 elections to scrap the failed Minerals Resource Rent Tax (mining tax).

Along with scrapping this failed tax we are abolishing or re-phasing all of the unfunded promises that Labor irresponsibly and recklessly attached to it. The tax package was so poorly designed, it was in fact costing the Government billions of dollars each year.

While the Government’s negotiated package will be budget neutral in the medium term, abolishing the complete mining tax package will save the Budget around $50 billion over the next decade.

The Government has agreed to delay the abolition date of the following associated spending measures:

  • the Low Income Superannuation Contribution will be abolished from 1 July 2017;
  • the Income Support Bonus will be abolished from 31 December 2016; and
  • the Schoolkids Bonus will be abolished from 31 December 2016.

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  • Written by Adrian

We rate again the best and worst performers in Parliament

THE BEST

The Government.
Andrew Robb.
By far their best Minister, thorough, successful as Trade chief, liked by most, getting three FTAs with major trading nations Japan, South Korea, and probably China( Clive Palmers China outbursts against China notwithstanding)!

Julie Bishop.
Playing a blinder...liked by all, John Kerry to Marty Natelagawa. Her getting Indonesia back on track after the spying scandals excellent. Also guiding the UN Security Council.

Scott Morrison.
Has delivered on the NO MORE BOATS POLICY. Strong, forceful, persuasive frustrates the Greens and Labor greatly.

Tony Abbott.
As PM he's done well in Foreign Affairs. A bit dopey calling Japan, China and South Korea our very best friends. But they liked him, as did Abe, and the Chinese. His FA performance a surprise.

Malcolm Turnbull.
He is across his portfolio and always worth listening to. But extreme jealousy of his potential in Abbotts office causes frustration.
Ian Macfarlane, Minister for Industry

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  • Written by Adrian

Minister for Trade and Investment - Robb welcomes major tourism investment

 

MINISTER FOR TRADE AND INVESTMENT
The Hon Andrew Robb AO MP
12 August 2014
 
ROBB WELCOMES MAJOR TOURISM INVESTMENT
 
Minister for Trade and Investment Andrew Robb today welcomed Chinese company Wanda Group’s announcement it will develop tourism-related infrastructure in Australia worth $900 million.
 
The first project will be a triple-tower, beachfront resort on the Gold Coast, The Jewel. This will include Wanda Vista, a luxury five star hotel with approximately 160 rooms. 

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  • Written by Adrian

MEDIA RELEASE MINISTER FOR TRADE AND INVESTMENT

MINISTER FOR TRADE AND INVESTMENT
The Hon Andrew Robb AO MP
MINISTER FOR AGRICULTURE
The Hon Barnaby Joyce MP
 
8 August 2014
AUSTRALIAN AGRICULTURE REMAINS STRONG
DESPITE RUSSIAN BANS
 
The Australian Government is disappointed by the Russian Government’s decision to ban imports of agricultural products, raw materials and foodstuffs from countries that have imposed sanctions in relation to Russia in response to events in Ukraine.
 
Rather than listening to international concern aboutits actions in Ukraine, Russia has chosen to apply import restrictions that will do nothing to ease the violence in Ukraine.

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  • Written by Adrian

TREASURER - MEDIA RELEASE - JULY LABOUR FORCE DATA

HON. J. B. HOCKEY

Treasurer

Thursday, 7 August 2014

JULY LABOUR FORCE DATA

The ABS Labour Force numbers released today show employment was broadly unchanged in July (down 300). However, it is now 109,300 higher than at the start of the year. This means, on average, around 15,600 jobs have been created in each month of 2014. This compares to 5,100 per month for the last calendar year (2013).

Even though this is a volatile monthly series,

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  • Written by Adrian

Government Australia Advisory Board

Simon Crean MP

John Brumby 

Kristina Keneally

Mark Vaile

Nick Greiner

Alexander Downer

Peter Charlton

Trevor Rowe

Warwick Smith

 

Bob Carr