CANBERRA, ACT, May 21 -- The Treasurer of Australia issued the following transcript:
Note
Subjects: Reserve Bank interest rate cut, proposed superannuation tax changes, company tax, productivity
MichelleGrattan:
The Reserve Bank has given homebuyers a small bit of good news this week - a modest quarter of a percentage point cut in interest rates. Welcoming the rate cut, Treasurer JimChalmers sees the fight against inflation as at last being won, or at least largely so. In this term he wants to turn to finding ways to promote productivity in Australia, where we've been losing that battle.
Meanwhile, most immediately, the Treasurer is fighting critics who are campaigning against his tax hit on those with more than $3million in their supe...