Media releases

2018

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.

Government proposes to double the value limit available under employee share schemes

The Liberal National Government is improving the ability for small businesses to offer employee share schemes to help employers attract, retain and motivate employees and grow their businesses.

Appointments to the Future Fund Board of Guardians

The Coalition Government has reappointed the Hon Peter Costello AC as Chairman of the Future Fund Board of Guardians, as well as reappointed John Poynton AO and appointed John Fraser as members.<

Proposed acquisition of APA

Today I have advised the consortium led by CK Asset Holdings Limited (CK Group) of my preliminary view that its proposed acquisition of APA Group would be contrary to the national interest.

Visit by Indonesia's Minister of Finance

Today I welcome Indonesia’s Minister of Finance Sri Mulyani Indrawati to Australia as Guest of Government.

New funding and reappointment of APRA Chair to further strengthen financial system supervision

The Coalition Government will boost the Australian Prudential Regulation Authority’s (APRA) capabilities with $58.7 million of new funding and ensure continuity of leadership through the reappointm

Government responds to Callaghan PRRT review

The Coalition Government is today releasing its final response to the review of the Petroleum Resource Rent Tax (PRRT) undertaken by economist Mike Callaghan AM PSM.

Labor can’t walk the talk on multinational tax

Bill Shorten talks a big game when it comes to multinational tax avoidance, but Labor has never backed this up with action. His latest policy shows Labor is confused and can't be trusted.

One-stop-shop for financial complaints opens for business

Australian consumers and small businesses will be spared the expense and inconvenience associated with taking financial complaints to court, with the Coalition Government's Australian Financial

Amending Australia's Offshore Banking Unit Regime

The Coalition Government will reform Australia’s Offshore Banking Unit regime to strengthen the integrity of our tax system.

$2 billion funding for Victorian housing and homelessness services

Housing and homelessness services in Victoria will be strengthened with a new deal that will deliver $2 billion in Commonwealth funding over five years.

AAA credit rating reaffirmed by Fitch

Australia's AAA credit rating has been reaffirmed by Fitch Ratings – another strong expression of confidence in the Coalition Government's economic management, following last month's reaffirmatio

Government extends term of the ACCC Chair

The Coalition Government has extended Mr Rod Sims' term as Chairman of the Australian Competition and Consumer Commission (ACCC) until 1 August 2022.

Inaugural Drought Finance Taskforce meeting

The Liberal-National Government, the National Farmers Federation and banks will meet in Canberra today, marking the first meeting of the Drought Finance Taskforce designed to further support drough

Legislating stronger penalties for white collar crime

The Coalition Government has introduced legislation into Parliament to significantly strengthen criminal and civil penalties for corporate and financial sector misconduct.

A fair deal on energy

Australian families and businesses will save hundreds of dollars a year off their power bills, thanks to action being taken today by the Morrison Government.

Strengthening penalties for white collar crime

Criminal penalties for corporate and financial sector misconduct are set to double in some cases and civil penalties due to increase by more than tenfold for corporations and more than fivefold for

ACCC & ASIC given stronger powers over unfair contract terms

The Australian Competition and Consumer Commission (ACCC) and the Australian Securities and Investments Commission (ASIC) will have investigative powers to assess whether a term in a standard form

Delivering tax relief for small & medium-sized businesses

Millions of small and medium–sized businesses across Australia will pay less tax five years sooner, with new laws fast-tracking tax relief for the sector passing Parliament today.

A fairer and more sustainable GST system

Every state and territory will be better off under legislation introduced into Parliament today that will deliver a fairer and more sustainable distribution of the Goods and Services Tax (GST).