Media releases

2018

ACCC report reaffirms Government reforms to increase competition in the banking sector

The importance of the Coalition Government’s reforms to improve customer outcomes and increase competition in the banking sector have been reaffirmed by the Australian Competition and Consumer Comm

Foreign nationals forced to sell $380 million worth of illegally acquired real estate

The Coalition Government has forced the sale of more than 300 Australian properties, worth in excess of $380 million, that were illegally acquired by foreign nationals.

ACCC preliminary report on digital platforms

The Coalition Government has today released the Australian Competition and Consumer Commission’s (ACCC) preliminary Digital Platforms Inquiry report.

OECD reiterates projection of "robust" growth

For the second time in less than a month, the Organisation for Economic Co-operation and Development (OECD) has recognised the strength of the Australian economy, describing it as “in upswing, with

Foreign Investment Review Board appointment

The Coalition Government is pleased to announce the appointment of former Senator the Hon Nick Minchin to the Foreign Investment Review Board (FIRB).

New Deputy Chair of ASIC

The Liberal National Government has appointed Ms Karen Chester as a full-time Deputy Chair to the Australian Securities and Investments Commission (ASIC).

National Accounts - September quarter 2018

Today's National Accounts for the September quarter 2018 show the strength of the Australian economy and the strong economic management of the Liberal National Government.

A new data right for all Australians

Australians will soon be able to better compare prices and switch between products and providers across the banking, energy and telecommunications sectors, with the Liberal National Government intr

Government taking action to lower power prices

The Liberal National Government will introduce legislation which will provide a range of penalties and remedies for companies that engage in misconduct.

Determination to make feminine hygiene products GST free

The Coalition Government has today signed the determination that will remove the Goods and Services Tax (GST) on feminine hygiene products from 1 January 2019.

Productivity commission to review remote tax assistance

The Coalition Government has requested that the Productivity Commission undertakes a review into remote tax assistance to ensure it remains fair and contemporary.

Productivity Commission inquiry into mental health terms of reference

The Coalition Government has today released the terms of reference for the Productivity Commission’s inquiry into mental health and announced the appointment of an Associate Commissioner for the in

OECD projects "robust" economic growth to continue

The Organisation for Economic Co-operation and Development (OECD) is the latest international institution to recognise the current strength of the Australian economy, describing our growth as “robu

Final decision on the proposed acquisition of APA

Today the consortium led by CK Asset Holdings Limited (CK Group) has been advised of my final decision that its current proposed acquisition of APA Group would be contrary to the national interest.

Positive economic report card from the IMF

The International Monetary Fund (IMF) has today delivered a positive economic report card in its annual review of the Australian economy, welcoming our budget management, strong economic growth, im

$51.5m boost to pursue criminal prosecutions for financial misconduct

The Liberal National Government is providing an additional $51.5 million to the Commonwealth Director of Public Prosecutions (CDPP) and the Federal Court of Australia to enable further prosecutions

Small and medium businesses to save more than $300 million over four years

Small and medium businesses will save more than $300 million over the next four years, as the Liberal National Government cuts more red tape.

$2 billion fund to transform small business access to funding

The Liberal National Government will significantly enhance access to funds for small business across the country through the introduction of a $2 billion Australian Business Securitisation Fund and

New laws deliver a fairer and more sustainable GST system

Every state and territory will be better off under new laws passed by Parliament today that will deliver a fairer and more sustainable distribution of the Goods and Services Tax (GST).

New program to boost our future female entrepreneurs

The Coalition Government is supporting girls and young women to become entrepreneurs through $3.6 million in funding for a new Future Female Entrepreneurs program across Australia.