News.com.au (Free subscription) | 10/05/2008
FEDERAL Treasurer Wayne Swan has been accused of acting like the head of one of the big banks by telling Australians not to expect benefits from an interest rate cut.
News.com.au (Free subscription) | 10/05/2008
A PAID maternity leave scheme is a Federal Government priority, but it might not be affordable next year due to the global financial turmoil, says Treasurer Wayne Swan says.
The Australian (Free subscription) | 10/04/2008
TREASURER Wayne Swan says the $US700 billion ($A908.21 billion) Wall Street bailout isn't a magic bullet but will help restore confidence in the United States' economy.
The Australian (Free subscription) | 10/03/2008
WAYNE Swan yesterday formally directed the Australian Office of Financial Management to invest in Australian residential mortgage backed securities in a move that is designed to free up funds for non-bank lenders.
News.com.au (Free subscription) | 10/01/2008
FEDERAL Treasurer Wayne Swan has been accused of going soft on banks for not demanding they pass on in full an expected official rate cut next week.
News.com.au (Free subscription) | 10/01/2008
FEDERAL Treasurer Wayne Swan says he has been assured that the US administration is doing all it can to pass the banking bailout package as quickly as possible.
The Australian (Free subscription) | 09/30/2008
WAYNE Swan was careful yesterday to hose down expectations that he would deliver paid maternity leave in his second budget.
The Australian (Free subscription) | yesterday
KEVIN Rudd and Wayne Swan face the challenge of heading off a recession. It is their biggest challenge in their weakest area.
News.com.au (Free subscription) | yesterday
... the financial system and the broader economy represents a critical threat.'' Federal Treasurer Wayne Swan, who will attend the Washington meetings, said the report underscored the importance of engaging with international policymakers at a time of widespread financial upheaval."There is also more for the IMF to do, in cooperation with the Financial Stability Forum, to develop early...
The Australian (Free subscription) | yesterday
THE global financial crisis should become the making of the Rudd Government, just as the Asian financial crisis in 1998 injected a surge of confidence into the Howard government.This assumes one factor: that Kevin Rudd and Wayne Swan reveal the judgment and policy the crisis demands. So far their performance has been impressive, apart from Rudd's rhetorical nonsense last Friday. The Reserve...
News.com.au (Free subscription) | yesterday
... that the full 1 per cent rate cut should be passed on by Australia's big banks. But Treasurer Wayne Swan hit back angrily accusing the former merchant banker of resorting to cheap populism. "It is reckless behaviour to pretend that the funding costs of banks have not gone through the roof in recent times," he said. Prime Minister Kevin Rudd urged consumers to understand the need for...
The Australian (Free subscription) | 10/06/2008
THE lads at last week's premiere of Top Gear Australia weren't laughing at Wayne Swan's efforts "to make the tax system fairer". It wasn't fair at all, protested the hosts of the SBS television series. Some Aussie tradesman works his butt off to afford a decent set of wheels and what happens? He gets hit with a luxury car tax, jacked up by the Labor Treasurer from 25 per cent to 33 per...
The Australian (Free subscription) | yesterday
... revenue to the budget so the tax cuts would need to be offset with savage spending cuts. By May, Wayne Swan could argue with a straight face that he had delivered relief to working families whilst also increasing the surplus. The past month has seen the world test a new level of madness, with the financial markets in the US and in Europe freezing up. It is a meaningless question whether...
The Earth Times Online Newspaper (Free subscription) | yesterday
... holders not to hope for the whole 100 basis points. "When conditions normalize," Treasurer Wayne Swan said, "we also expect banks to pass on any further relief promptly."Swan has already set aside billions of dollars for non-bank lenders who complain that they are unable to raise adequate finance on the international money markets because of the debt crisis. The big high street...
Courrier Mail (Free subscription) | yesterday
... take a swipe. But, boy, the mortgage relief will be most welcome at my place. Kevin Rudd and Wayne Swan are probably wise in letting the banks off the hook if they don't pass on the whole cut. But we must remember that this decision belongs to the banks and not the government. Despite all the jealous rantings of the failed treasurer Peter Costello who supported WorkChoices, Rudd and...
