Media releases

2018

Smallest deficit in ten years

The Liberal-National Government’s economic plan and responsible budget management has seen the Final Budget Outcome for the 2017-18 financial year record an underlying cash deficit $19.3 billion be

AAA credit rating reaffirmed by S&P

Australia’s AAA credit rating has been reaffirmed by Standard & Poor’s (S&P) in a strong expression of confidence in the Government’s economic management.

Labor delays greater competition and consumer protections in financial services

Labor is delaying the establishment of a mandatory comprehensive credit reporting system that would increase competition and enhance consumer outcomes in the financial services sector, despite the

Making sure foreign investors and multinationals pay their fair share of tax

The Coalition Government is taking strong action to protect the integrity of Australia’s tax system, with the introduction of two bills that will further ensure that those who do business in Austra

Resignation of Mr Peter Kell as a Deputy Chair of ASIC

Mr Peter Kell has announced his resignation as Deputy Chair of the Australian Securities and Investments Commission (ASIC), following seven years of service.

Passage of government’s action to enhance ASIC’s capabilities

The Morrison Government is committed to delivering strong and effective regulators to govern our financial system.

Cracking down on the black economy

The Coalition Government has today delivered on the first of its commitments to tackle the black economy and further protect the integrity of our tax system, with the passage of tough new laws that

Appointment of a second Deputy Chair to strengthen the Australian Prudential Regulation Authority

The Coalition Government is pleased to announce the appointment of Mr John Lonsdale as a full-time member and second Deputy Chair to the Australian Prudential Regulation Authority (APRA).

Small business and start-ups gain access to crowdfunding

Small businesses and start-ups will now have easier access to funding they need to grow, with the Coalition Government passing new laws that extend crowdfunding eligibility.

$20,000 instant asset write-off extension passes Parliament

The Coalition Government’s strong record of supporting small business continues today, with the Senate passing legislation to extend the $20,000 instant asset write-off.

National Accounts – June Quarter 2018

Today's National Accounts for the June quarter 2018 highlight the strength and resilience of the Australian economy which has just completed its 27th year of consecutive economic growth.

ASIC seeks record penalty for Westpac’s home loan breach

The Australian Securities and Investments Commission (ASIC) has asked the Federal Court to impose a $35 million civil penalty on Westpac Banking Corporation for breaching its responsible lending ob

Treasury portfolio arrangements

As Treasurer, I will have responsibility for the development of the budget, economic and fiscal policy, taxation and superannuation policy, responding to the Banking Royal Commission, major foreign

Appointment of full-time Members to the Australian Securities and Investments Commission

This media release announces two appointments to the Australian Securities and Investments Commission