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LET US hope that Treasurer Wayne Swan's brief to his revamped Foreign Investment Review Board goes a lot further than explaining policy in foreign languages. Full Article at The Age
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CANBERRA -- Australia signaled to foreign investors on Thursday it would continue to scrutinize investments in the mining sector, especially deals that could give investors control over pricing and production of key commodities. Full Article at China Post
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The Government will publish easy-to-read guidelines on how the foreign investment approvals process works. (ABC News: Leif Davies) The Rudd Government is continuing efforts to try to allay fears over its foreign investment rules. Full Article at ABC Online
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NEW opposition finance spokesman Barnaby Joyce has called for an outright ban on investment by Chinese state-owned companies in the Australian resources sector. Full Article at The Australian
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Barnaby Joyce has the gift of the gab, and he's gunning for a fight. This week, his first act as shadow finance minister was to attempt a war of words with the Treasurer, Wayne Swan, putting out a colourful media release headed ''Hello Wayne''. Full Article at The Age
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AUSTRALIANS will get a clearer picture of the workings of the Foreign Investment Review Board, with an expanded board ''to review and improve communication of foreign investment policy''. Full Article at The Age
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CANBERRA, Dec. 10 (Xinhua) -- Australian Treasurer Wayne Swan on Thursday slammed the opposition for making inaccurate claims about the cost of the government's emissions trading scheme (ETS). Full Article at Xinhua
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Federal Treasurer Wayne Swan says the opposition is making erratic and inaccurate claims about the cost of the government's emissions trading scheme (ETS). Opposition Leader Tony Abbott says the scheme would amount to a tax of up to $400 billion. Full Article at The Age
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Take advantage while you can. Another comforting set of employment figures out this morning from the Australian Bureau of Statistics for Prime Minister Kevin Rudd and Treasurer Wayne Swan. Full Article at Crikey
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THE Federal Government is expanding the membership of the Foreign Investment Review Board (FIRB) and improving communication about its foreign investment policy. Full Article at NEWS.com.au
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THE Federal Government is expanding the membership of the Foreign Investment Review Board (FIRB) and improving communication about its foreign investment policy. Full Article at The Daily Telegraph
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The federal government is expanding the membership of the Foreign Investment Review Board (FIRB) and improving communication about its foreign investment policy. Full Article at Sydney Morning Herald
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CANBERRA, Dec 10 (Reuters) - Australia signalled to foreign investors on Thursday it would continue to scrutinise investments in the mining sector, especially deals that could give investors control over pricing and production of key commodities. Full Article at Forbes
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A SHARP widening in the current account deficit reflects the continuing impact of the global recession, Treasurer Wayne Swan says. Full Article at Adelaide Now
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Pain? What pain? . . . Gail Kelly and co are upbeat, even with a reshuffle. Full Article at Sydney Morning Herald
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Oppositions that see their role as being to declare war on everything do not serve us well. Full Article at The Age
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Australian Prime Minister Kevin Rudd will ensure “competitive pressure” is placed on the nation's so-called Big Four lenders after three of them raised interest rates more than the central bank, Treasurer Wayne Swan said. Full Article at China Post
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COMMONWEALTH Bank has warned that increases in mortgage rates over the past week are a prelude to what may follow if rules requiring banks to bolster capital buffers substantially are adopted in full. Full Article at The Age
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Have your say on the banks: Scroll down to our comments section THE big banks have gouged $7 billion from borrowers in the past two years by raising interest rates more than the Reserve Bank and refusing to pass on official cuts in... Full Article at Adelaide Now
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Federal Treasurer Wayne Swan says there is no justification for the Commonwealth Bank to raise its interest rates beyond the increase by the Reserve Bank. Full Article at ABC Online
About Wayne Swan
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This combo photo shows Australian Prime Minister Kevin Rudd (L) talking at a function at Government House in Sydney on April 17, 2009, Treasurer Wayne Swan (C) attending the Australian Labor Party's first caucus meeting in Canberra on November 29, 2007 and the then chairman of the Austr...
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Australia's Finance Minister Wayne Swan arrives prior to the G20 Finance Ministers meeting at a hotel near Horsham, in southern England March 13, 2009.
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Australian Treasurer Wayne Swan gestures during a news conference at Parliament House in Canberra March 4, 2009.
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Australian Treasurer Wayne Swan gestures during a news conference at Parliament House in Canberra March 4, 2009.
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Australian Treasurer Wayne Swan gestures during a news conference at Parliament House in Canberra March 4, 2009.
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Australian Treasurer Wayne Swan gestures during a news conference at Parliament House in Canberra March 4, 2009.
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Australian Finance Minister Wayne Swan (R) listens to his unseen Singapore counterpart Tharman Shanmugaratnam speaks during the official dinner for finance ministers in the Asia-Pacific Economic Cooperation (APEC) in Singapore on November 12, 2009.
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Thailand's Finance Minister Korn Chatikavanji (L), International Monetary Fund's Managing Director Dominique Strauss-Kahn (C) and Australia's Treasurer Wayne Swan attend the Finance Ministers Meeting Official Dinner during the APEC Summit in Singapore November 12, 2009.
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Australian Minister Wayne Swan (L) addresses a press conference by Asia-Pacific Economic Cooperation (APEC) finance ministers in Singapore on November 12, 2009, on the sidelines of the APEC summit.
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IMF managing director Dominique Strauss-Kahn (L) talks with Chilean Maria Olivia Recart (R) and Chairmen of FMM Tharman Shanmugaratnam (C) as Haruhiko Kuroda ( 2nd row L) of Asian Development Bank, Australia's Wayne Swan and Vietnam's Tran Xuan ha look on prior to a group photograph of...
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Chilean Maria Olivia Recart (FRONT/R) talks with Charimen of FMM Tharman Shanmugaratnam (C) as Australia's Wayne Swan (L) and Vu Van Ninh of Vietnam look on among finance and trade ministers as they for a group photograph during a break at a plenary meeting in the Asia-Pacific Economic...
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Chilean Maria Olivia Recart (FRONT/R) talks with Charimen of FMM Tharman Shanmugaratnam (C) as Australia's Wayne Swan (L) and Tran Xuan Ha of Vietnam look on among finance and trade ministers as they for a group photograph during a break at a plenary meeting in the Asia-Pacific Economic...
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Finance and trade ministers (BACK ROW, L-R) Ricardo Ochao of Mexico, China's Zhu Guangyao, Brunei's Pehin Dato Abd Rahman, Wayne Swan of Australia, Vietnam's Tran Xuan Ha, Robert B. Zoellick of World Bank, Thailand's Korn Chatikavanji, Malaysia's Ahmad Husni, Japan's Shinichito Furumoto...
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Finance and trade ministers (BACK ROW, L-R) Ricardo Ochao of Mexico, China's Zhu Guangyao, Brunei's Pehin Dato Abd Rahman, Wayne Swan of Australia, Vietnam's Tran Xuan Ha, Robert B. Zoellick of World Bank, Thailand's Korn Chatikavanji, Malaysia's Ahmad Husni, Japan's Shinichito Furumoto...
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Finance and trade ministers (BACK ROW, L-R) Ricardo Ochao of Mexico, China's Zhu Guangyao, Brunei's Pehin Dato Abd Rahman, Wayne Swan of Australia, Vietnam's Tran Xuan Ha, Robert B. Zoellick of World Bank, Thailand's Korn Chatikavanji, Malaysia's Ahmad Husni, Japan's Shinichito Furumoto...
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Australia's finance minister Wayne Swan right, chats with U.S. Secretary of the Treasury Timothy Geithner after a official photo for APEC Finance Ministers in Singapore, Thursday, Nov. 12, 2009. Singapore will host 21 world leaders at the APEC summit later in the week.
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Australia's finance minister Wayne Swan right, chats with U.S. Secretary of the Treasury Timothy Geithner after a official photo for APEC Finance Ministers in Singapore, Thursday, Nov. 12, 2009. Singapore will host 21 world leaders at the APEC summit later in the week.
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Australian Treasurer Wayne Swan (L) listens as Indonesian Finance Minister Sri Mulyani Indrawati speaks at a news conference following a bilateral meeting and a presentation of a joint draft study on climate change policy in Indonesia during a ceremony in Jakarta on November 10, 2009.
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Indonesian Finance Minister Sri Mulyani Indrawati (L) and Australian Treasurer Wayne Swan (R) arrive at a press conference following a bilateral meeting and a presentation of a joint draft study on climate change policy in Indonesia during a ceremony in Jakarta on November 10, 2009.
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Australian Treasurer Wayne Swan (L) and Indonesian Finance Minister Sri Mulyani Indrawati (R) reach out to shake hands following a bilateral meeting and a presentation of a joint draft study on climate change policy in Indonesia during a ceremony in Jakarta on November 10, 2009.
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Indonesian Finance Minister Sri Mulyani Indrawati (L) greets Australian Treasurer Wayne Swan before a meeting in Jakarta November 10, 2009.
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Indonesian Finance Minister Sri Mulyani Indrawati (L) greets Australian Treasurer Wayne Swan before a meeting in Jakarta November 10, 2009.
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Australia's Finance Minister Wayne Swan arrives to attend the G20 Finance Ministers meeting at a hotel in St. Andrews, Scotland November 6, 2009.
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British Chancellor of the Exchequer Alistair Darling (L) is followed by Dutch Finance Minister Wouter Bos (2nd L), Australian Treasurer Wayne Swan and Jean-Claude Trichet (R), President of the European Central Bank (ECB), after a group photo at the G20 Finance Ministers summit in London...
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The President of the World Bank, Robert Zoellick (R) and Australia's Treasury Minister, Wayne Swan, arrive for the dinner of the G20 Finance Ministers' meeting at the Guildhall in the City of London, September 4, 2009.
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Australia's Finance Minister Wayne Swan arrives prior to the G20 Finance Ministers meeting at a hotel near Horsham, in southern England March 13, 2009.
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It's always a bit difficult to read too much into one month's figures but . . . I really do welcome the figures that have come out today ... It means that more Australian families this Christmas will have a bread-winner – this is a good thing. If it was not for (the) stimulus, Australia would be in rece...
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When the government borrows and spends with the Paris Hilton-type recklessness of Kevin Rudd and Wayne Swan then inevitably they are going to raise taxes to pay for it
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There would also be very substantial costs to Australia's productive capacity, given the role of foreign direct investment in building our capital stock
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We have Wayne Swan saying the Paris Hilton spending from the Rudd government has to continue with renewed energy
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Like: 'leaving the back door wide open for foreign interests to buy Australia paddock by paddock, business by business'
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There was no justification for Westpac and, I believe, no justification for the Commonwealth Bank to move rates above the official rate rise from the independent Reserve Bank ... I believe their customers will be angry.
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There was no justification for Westpac, and I believe no justification for the Commonwealth Bank to move their rates above the official interest rate rise
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The Australian economy is performing better than just about every other advanced economy, with lower debt, lower deficit and lower unemployment ... The consequence of that is rates will rise gradually over time.
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No country needs to send the message more than Australia ... We are one of the hottest and driest continents. We are hit hardest, and we are hit fastest by dangerous climate change.
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No country needs to send the message more than Australia ... We are one of the hottest and driest continents. We are hit hardest, and we are hit fastest by dangerous climate change.
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While Australia has come through the worst of the global recession in a stronger position than other advanced economies, we know that the job is far from finished and the challenges ahead will be just as difficult as those just passed
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Stimulus, both fiscal and monetary, has meant Australia has avoided the permanent skills and capital destruction that generally accompanies deep downturns and has meant less permanent damage to our economy
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In Australia's case, our economic stimulus peaked in the middle of this year and is being gradually withdrawn as we go through the rest of the year
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If we were to simply withdraw stimulus that would pull the rug out from under recovery and that would result in far higher unemployment
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When you look at the United States economy where unemployment has hit something like 10 per cent plus, you've got the British economy which has had something like six quarterly contractions in a row ... people here are cautious
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Our economy is stronger, our unemployment is lower, and the budget position has improved substantially from the forecasts in the May budget
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We need to ensure we are not unfairly locking people out of work ... We need to maximize the investment we can bring to Australia. Taxes like stamp duty or insurance duty discourage people from making rational decisions such as moving home to be near a better job or downscaling when they retire.
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What Australia has achieved is something special. We have avoided the destruction of our capital and our skills base that is usually accompanied by a sharp recession
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Because of the efforts of Australians, combined with the actions taken by the government and the Reserve Bank, our forecasts for growth and unemployment will be better
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Despite the improved outlook, the global recession has still had a marked effect on the Australian economy and challenges remain
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Our forecasts for growth and unemployment will be better
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Inflation is expected to remain low over the near term, as the full impacts of the global recession continue to be felt in the domestic economy, which is expected to operate below capacity for some time
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It's hard to figure out what the opposition is doing because essentially they are populated by climate change dinosaurs
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I can see that there is some sledging going on from the Liberal and National parties. This is just all about hiding their embarrassment about the fact that they let Australia down when they voted against our stimulus package in the parliament back in February
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Polls do come and go and I note there's a bit of speculation about who's got support for what in the Liberal Party, but, whether it's Malcolm or Tony or Joe, every single one of them voted against the stimulus package in the parliament
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