Media releases

2016

Even fairer, more flexible and sustainable superannuation

The Government has today announced improvements to the superannuation changes announced in the 2016-17 Budget that make Australia’s superannuation system even fairer, more flexible and more sustain

Government secures support for over $6 billion in Budget savings

The Turnbull Government has reached agreement on the passage of more than $6 billion in savings measures through an amended Budget Savings (Omnibus) Bill.

Superannuation reforms: first tranche of Exposure Drafts

Today the Turnbull Government has released the first tranche of Exposure Draft legislation for superannuation reforms announced in the 2016-17 Budget.

National Accounts – June Quarter 2016

Today's June Quarter National Accounts confirm that 2015-16 was Australia’s 25th consecutive year of economic growth and show our economy growing at the fastest rate in four years, but we must cont

Foreign ownership of Agricultural Land Register findings

The Turnbull Government today released Australia’s first report from the Agricultural Land Register, delivering on our commitment to increase scrutiny and transparency in Australian agriculture.

Release of Exposure Draft for Consultation: Strengthening Australia’s Competition Law

Today the Turnbull Government has released Exposure Draft legislation to strengthen Australia’s competition law and improve the long-term welfare of consumers, businesses and the economy.

FinTech Advisory Group pushes innovation in financial services sector

The Treasurer met today with the FinTech Advisory Group to progress the development of innovation in the financial services sector and key measures in the National Innovation and Science Agenda sup

Appointment of the Deputy Governor of the Reserve Bank

I am pleased to announce the appointment of Dr Guy Debelle as the Deputy Governor of the Reserve Bank of Australia (RBA) for a five-year term from 18 September 2016.

Tax relief for average full-time wage earners to be delivered within weeks

The Australian Taxation Office (ATO) has confirmed they will now issue the new PAYG withholding tax schedules next week, reflecting the lower personal tax rate in the Treasury Laws Amendment (I

Industrial disputes in construction holding our economy back

Latest ABS data reveals working days lost in the construction industry jumped by 50 per cent in the June quarter and accounted for 66 per cent of working days lost, highlighting once again the need

Tax relief for average full-time wage earners introduced to Parliament

The Turnbull Government has taken further steps to ensure hard-working average full-time wage earners can keep more of what they earn.

Turnbull Government introduces Ten Year Enterprise Tax Plan

Today the Turnbull Government introduced legislation designed to immediately support up to 3.2 million small businesses employing around 5.5 million Australians.

Omnibus Savings Bill introduced to Parliament

Today the Turnbull Government introduced the Budget Savings (Omnibus) Bill 2016 into Parliament to give effect to $6 billion in Budget savings necessary to assist in the critical tasks of

Building approvals reaffirm need for strong construction cop on the beat

Today's ABS building approvals data highlights the importance of the building and construction industry to our economy and why it is critical to restore the Australian Building and Construction Com

Fairer deal for Australian families - Excessive card surcharging banned from 1 September

The Turnbull Government's legislated ban on excessive card surcharging, which comes into force this week, will mean Australian families should be charged less for purchasing a range of goods and se

Labor seeks to deny Australians fairness and flexibility in superannuation

Labor's announced changes to superannuation today will hollow out crucial support designed to assist more Australians to be independent in their retirement.

Statement on decision to prohibit the 99-year lease of 50.4 per cent of Ausgrid under current proposed structure

I have today made an order under the Foreign Acquisitions and Takeovers Act 1975 (the Act) prohibiting the proposed acquisition by foreign investors for the lease of 50.4 per cent of Ausgrid, the N

Moody’s affirms Australia’s AAA credit rating

The Turnbull Government welcomes the decision by Moody's Investors Service to affirm Australia's triple-A credit rating with a stable ratings outlook.

Foreign investment applications for the 99-year lease of Ausgrid

Following careful consideration and consistent with the formal process required, I have today informed the bidders for the lease of 50.4 per cent of Ausgrid, the New South Wales electricity distrib

PBO election costings report confirms Labor’s higher debt and deficit

The Parliamentary Budget Office (PBO) today confirmed that Labor's addiction to spending would increase the deficit by more than $16 billion over the Budget and forward estimates.