Media releases

2015

Legislation to tackle offshore tax evasion

The Turnbull Government today introduced legislation to the Parliament that will further tackle offshore tax evasion.

September quarter National Accounts show positive transition underway

Today's National Accounts show that economic growth strengthened in the September quarter and that we are making a positive transition from the largest resources investment boom in our history to b

Stronger foreign investment regime comes into force

The Turnbull Government’s robust new foreign investment regime comes into force today, providing stronger enforcement and a better resourced system with clearer rules for foreign investors, Treasur

Appointments to the Australian Prudential Regulation Authority (APRA)

Today I am pleased to announce the following appointments to the Australian Prudential Regulation Authority (APRA):

Foreign Investment Approval - 99 year lease of TransGrid

The Federal Government welcomes the NSW Government announcement of 'NSW Electricity Networks' as the successful bidder for the 99 year lease of TransGrid, the New South Wales electricity transmissi

Turnbull Government to promote more choice, better services, stronger growth

Treasurer, the Hon. Scott Morrison today released the Government’s response to the Competition Policy Review (Harper Review).

Productivity Commission to examine regulation of Australian agriculture

Today the Turnbull Government has released the terms of reference for the Productivity Commission’s inquiry into regulation of the Australian agricultural sector, with the inquiry to commence immed

Statement on decision to prevent sale of S. Kidman & Co. Limited

Consistent with the recommendation from the Foreign Investment Review Board (FIRB), I have decided that the acquisition by foreign investors of S. Kidman and Co.

Government orders forced sale of properties illegally held by foreign residents

The Federal Government’s robust foreign investment rules and enhanced compliance program have enabled the Treasurer to order foreign nationals to sell a further seven Australian residential propert

Reappointment of a part-time member of the Payments System Board

Today I reappointed Mr Brian Wilson as a part-time member of the Payments System Board for a further five year period until 14 November 2020.

New tax treaty signed with Germany

Australia and Germany overnight signed a new 21st century tax treaty, which will reduce tax impediments to increased bilateral trade and investment and improve the integrity of the tax system.

Revised Family Tax Benefit measures to fund $3.5 billion child care investment

The Turnbull Government will restructure Family Tax Benefit (FTB) payments to give better targeted assistance to families, encourage workforce participation and fund the Government’s $3.5 billion <

Government response to the Financial System Inquiry

Today we are pleased to release the Turnbull Coalition Government’s response to the Financial System Inquiry (FSI).

Council on Federal Financial Relations

The Council on Federal Financial Relations ("CFFR") of Australia's Treasurers met today in Sydney, to discuss a range of national economic and fiscal issues.

Tax and transfer group to examine barriers to work

The Coalition Government will establish an inter-departmental working group to analyse impediments within our tax and transfer systems that act as disincentives for Australians who want to work, sa

OECD report supports Australian Government action on multinational tax avoidance

The overnight release of the OECD’s Final Report on the Base Erosion and Profit Shifting (BEPS) Action Plan shows that Australia is firmly on the right track when it comes to ensuring multinational

IMF Supports Government's focus on building a stronger economy

The International Monetary Fund’s (IMF) annual assessment of Australia’s economy and key policy settings, has highlighted Australia’s strong economic record.

Appointment as Treasurer

It is a great privilege and exciting responsibility to be taking on the role of Treasurer and I thank the Prime Minister for putting his confidence in me.