NO.037

REAPPOINTMENT OF MEMBER OF FOREIGN INVESTMENT REVIEW BOARD

The Treasurer today announced the reappointment of Ms Lynn Wood

as a Member of the Foreign Investment Review Board (FIRB) for a further five

year term.

Ms Wood joined the FIRB in April 1995 and has made a valuable

contribution to the administration of foreign investment policy since that time.

Ms Wood has considerable business experience in financial services,

including having been a Director of Schroders Australia Ltd, NSW Lotteries Corporation

and Sedgwick Holdings Pty Ltd. She is currently a Director of Macquarie Goodman

and the MS Society of NSW, as well as a compliance committee member of several

major fund managers.

The other members of the FIRB are Mr John Phillips, AO (Chairman)

the Hon Chris Miles and Mr Gerry Antioch (Executive Member).

MELBOURNE

29 April 2005

Contact: David Alexander

03 9650 0244