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Portfolio Budget Statements, Media Releases and Associated Factsheets for the 2005-06 Financial Year.

Portfolio Budget Statements, Media Releases and Associated Factsheets for the 2006-07 Financial Year.

Australian Industry, Tourism and Resources Minister, Ian Macfarlane, today announced more than $625 million over four years in Budget funding to drive growth, build prosperity and capture export opportunities for Australian industry.

On 1 May 2007, Prime Minister John Howard and Industry Minister Ian Macfarlane released the Howard Government's 10 year $1.4 billion Industry Statement - Global Integration.

Australian businesses will receive assistance to break into global supply chains and bid for work on major international projects through the Australian Government's new $254.1 million Global Opportunities programme.

New Australian Industry Productivity Centres will help small to medium enterprises enhance their international competitiveness and tap into global supply chains.

Changes to the research and development (R&D) tax concession, announced on 1 May 2007 by Prime Minister John Howard and Industry Minister Ian Macfarlane as part of the Howard Government's Industry Statement.

Australia's nanotechnology industry is set to expand with the establishment of the $21.5 million National Nanotechnology Strategy.

Innovative micro businesses and public research spin-offs will be targeted by a new streamlined grants programme through the Australian Government's popular flagship business innovation scheme Commercial Ready.

Small businesses will be more innovative and more competitive with help from the Australian Government's new Intermediary Access Programme.

As part of its campaign to reduce greenhouse gas emissions, the Australian Government will establish a world leading regulatory system for carbon capture and storage (CCS).

Energy market reforms which could yield GDP benefits of more than $8 billion received a significant boost in tonight's Federal Budget.

IP Australia, the Australian Government agency that administers intellectual property (IP) rights, has been given additional funds in the Federal Budget to educate businesses on IP issues. (8 May 2007)

The Australian Government has committed $15 million for a world class tourism facility at Uluru - Kata Tjuta National Park (8 May 2007)

The Australian Government will invest $193.3 million in tourism over the next four years. (8 May 2007)

The Government has announced three policy changes to the petroleum resources rent tax (PRRT), directed at lowering compliance costs for PRRT taxpayers and removing inconsistencies. The commencement date for these measures is 1 July 2008.

: Australian innovators will continue to receive targeted assistance with a $200 million a year boost to the Howard Government's flagship innovation programme, Commercial Ready.

The Howard Government has decided to provide ongoing funding for Invest Australia, recognising the key role the agency plays in securing foreign investment to generate Australian jobs and economic growth, Australian Industry Minister, Ian Macfarlane, said today.

The Industry Statement will deliver further cuts to red tape with $89.2 million over ten years for an integrated online registration system for both the Australian Business Number (ABN) and state and territory business names.

Tourism in drought affected areas will be encouraged with a new $10 million tourism initiative over the next two years.

The Industry Statement will deliver a $14.3 million boost to small businesses seeking to develop their business skills. (8 May 2007)

Portfolio Budget Statements, Media Releases and Associated Factsheets for the 2007-08 Financial Year.

Definitions of frequently used terms.

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