Media releases

2019

Chair of the Australian Energy Regulator

Today the Australian Government announces Ms Paula Conboy has advised she will not be pursuing a second term as the Chair of the Australian Energy Regulator (AER).

Inaugural Treasurers’ Forum on Population

Today was the first meeting of the Treasurers’ Forum on Population as part of the Council on Federal Financial Relations, which saw all levels of government come together to discuss how we can bett

Taking action on the Banking, Superannuation & Financial Services Royal Commission: Going further with a financial counselling review

The Coalition Government has agreed to take action on all 76 recommendations contained in the Royal Commission’s Final Report and, in a number of important areas, is going further, including conduc

Labor puts politics ahead of policy in responding to banking Royal Commission

The Government received Commissioner Hayne’s Final Report on Friday, we responded to it in full on Monday and now we are getting on with the job of restoring trust in Australia’s financial system.<

Restoring trust in Australia's financial system

Today, the Government releases its response to the landmark Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry.

Arrangements for the release of the final report of the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry

The Australian Government will receive the final report of the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry on Friday 1 February 2019.

New banks to provide Australians with more choice

The Coalition Government's reforms to increase competition in the banking sector are working, with Volt Bank becoming the first bank to transition from a restricted licence to a full licence toda

The Coalition Government’s record of support for small business

Bill Shorten and the Labor Party simply cannot be trusted when it comes to supporting small and family businesses.

OECD report highlights low taxes are key to competitiveness

The Organisation for Economic Co-operation and Development (OECD) Corporate Tax Statistics report released today makes it clear Australia’s marginal effective corporate tax rate is on the upper end

Final productivity commission report into superannuation

The Liberal National Government has today released the final report by the Productivity Commission into the efficiency and competitiveness of Australia's superannuation system.

First home buyers on the increase

First home buyer loan approvals have increased strongly over the last two years with 115,000 approved in the last financial year alone – the largest number since 2009-10.

2018

Consultation on $2 billion SME securitisation fund

Australian small businesses are a step closer to getting better access to more competitive finance, with the Liberal National Government releasing exposure draft legislation on the establishment of

Consumer Data Right Rules, Standards & Timeline

The Australian Competition and Consumer Commission (ACCC) has released the Consumer Data Right Rules outline for Open Banking, an initiative that will enable consumers to better compare prices and

Foreign Ownership of Agricultural Land Register findings

The Coalition Government has today released the third annual report of the Foreign Ownership of Agricultural Land Register, continuing our commitment to increase scrutiny and transparency of foreig

2018-19 Mid-Year Economic and Fiscal Outlook

The Mid-Year Economic and Fiscal Outlook confirms the strength of the Australian economy and that the Budget will return to surplus as part of the Government's plan to guarantee the essential servi

Gold Card for doctors and nurses from the Vietnam War

Members of the Australian civilian surgical and medical teams that provided medical aid, training and treatment to local Vietnamese people during the Vietnam War will be eligible for the Department

Fairer redundancy and early retirement scheme payments

The Coalition Government is reforming genuine redundancy and early retirement scheme payments as part of our commitment to deliver lower taxes and ensure Australians keep more of the money that the

$35 million boost to protecting consumers from cartels and anti-competitive conduct

Corporates will face an increased level of scrutiny with the Liberal-National Government committing an additional $35 million to the Australian Competition and Consumer Commission (ACCC) to boost i

$51 million to help lower power prices and ensure customers get a fair deal

The Liberal National Government is providing $51 million to the Australian Energy Regulator (AER) and Australian Competition and Consumer Commission (ACCC) to help deliver more affordable and relia

Big business paying their fair share of tax

New Australian Taxation Office (ATO) analysis released today shows that the Coalition Government's plan to ensure big businesses pay their fair share of tax is working.