This is the text of the press conference held by the Prime Minister, John Howard, and the Treasurer, Peter Costello.
It follows the Premiers’ Conference which reached a new agreement on Commonwealth-State financial arrangements.
Text of John Howard and Peter Costello press conference.
Ladies and gentlemen, today we have had an extraordinarily successful Premiers’ Conference. We’ve reached agreement on all outstanding matters relating to the financial agreement between the governments which has now been signed, sealed and delivered. And the last act in the dramatic transformation of Australia’s taxation system and the last deed required to take this country into the 21st Century with a financial and taxation system fit for the 21st Century is for the Australian Senate to take heed of what the governments of Australia, the Federal Government and the six State governments and the two Territorial governments of Australia have done. [Read more...]