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Economics

ASFA strongly argues in favour of a cut in super contributions tax

The elimination of the 15 per cent contributions tax on super in next year's budget would benefit the economic wellbeing of Australians and the nation as a whole, than another minor income tax cut, according to the Association of Superannuation Funds ...

Building activity worth $11.21 billion during the June quarter: ABS

Building activity across Australia during the June quarter reached $11.216 billion, driven primarily by construction activity in New South Wales, Victoria and Queensland, although the highest increase during the quarter was recorded in the Northern Territories ...

New tax amendment to strengthen investment ties with Malaysia: Coonan

Senator Helen Coonan, the assistant treasurer and minister for revenue, has today announced the amendment to a double taxation agreement with Malaysia, which will see investment and trade relations between the two countries strengthen.

Australian tax burden less than OECD average: Costello

The latest Organisation for Economic Cooperation and Development (OECD) revenue statistics reveal that Australia has the sixth lowest taxes amongst the 30-nation group.

CPI within the medium-term inflation target band: Costello

Federal Treasurer Peter Costello has said that the latest CPI data shows that inflation remains moderate with the 0.6 per cent increase in the September quarter and the 2.6% increase for the year to September reflecting that the CPI is within the medium-term ...

ABS announces a 0.6% increase in the September quarter's CPI

There has been a 0.6 per cent increase in the Consumer Price Index (CPI) in the September quarter of 2003, the Australian Bureau of Statistics (ABS) said today.

Annualised growth rate beats long term trend: Westpac/MI

AAP  |  WEDNESDAY, 22 OCT 2003
Australia's economic growth would continue to improve in the second half of 2003 and into the first half of 2004, according to the Westpac-Melbourne Institute Leading Index of Economic Activity.

Strong business investment to peak by mid-2004: Westpac economist

Strong business investment is expected to continue and peak towards the middle of next year, driven primarily by strong domestic demand for housing and consumer goods.

Import price index dips 3.4% in the September quarter: ABS

The Australian Bureau of Statistics (ABS) has said the import price index for all groups of goods, commodities and transactions had a negative 3.4 per cent change from the June quarter of 2003 to the September quarter.

ABS releases figures for producer price indexes for the year

The Australian Bureau of Statistics (ABS) today released the latest producer price indexes, which showed 1.5 per cent increase in the price of final commodities for the year to September 2003.