Media releases

2017

Royal Commission - Banks and Financial Services

The Turnbull Government will establish a Royal Commission into the alleged misconduct of Australia’s banks and other financial services entities.

Turnbull Government clampdown on multinational tax avoidance hits hybrids

Today’s release of exposure draft legislation to address hybrid mismatch arrangements reaffirms the Turnbull Government’s continued focus on strengthening the integrity of Australia’s tax system, a

Bouris taskforce to help digitise small business

The Turnbull Government has established a Small Business Digital Taskforce, to be headed by one of Australia’s most successful entrepreneurs, Mark Bouris AM, to ensure more Australian small busines

Appointment to the Future Fund Board of Guardians

The Government is pleased to announce the appointment of Robert Priestley to the Future Fund Board of Guardians for a period of five years from 7 November 2017.

More evidence backs Turnbull tax cuts

A survey of CEOs employing over one million Australian workers confirms the Turnbull Government's Enterprise Tax Plan will increase investment and generate more jobs, and that Bill Shorten's altern

Beware of pre-Christmas payment surcharge rip-off

The Turnbull Government has put businesses on notice ahead of the Christmas shopping period, as the Australian Competition and Consumer Commission (ACCC) cracks down on excessive payment surchargin

Turnbull Government equals jobs

The Australian economy continues to set new records with its unprecedented growth in jobs.

Australian FinTechs recognised among best in world

The Turnbull Government welcomes the announcement that ten Australian FinTech firms have been recognised in this year's FinTech100, demonstrating that Australian FinTech firms are holding their own

Turnbull Government delivers on key housing affordability measures

The Turnbull Government has today secured passage of significant reforms announced in the 2017 Budget which will help address housing affordability and assist private renters.

PC report backs the Government’s model to collect GST on Low Value Imported Goods

The Turnbull Government welcomes the Productivity Commission’s report on Collection Models for GST on Low Value Imported Goods.

Report reveals Shorten's company tax lies

A Treasury research paper examining the global implications of US plans to reduce company taxes highlights the real risks to Australian economic growth and wages should our company tax rate remain

Backing co-ops, mutuals and customer owned banks to increase competition

The Turnbull Government has decided to further increase competition in our banking system by backing all eleven recommendations of the inquiry into Reforms for Cooperatives, Mutuals and Member-owne

Aussie small business and consumers the winners as strengthened competition laws commence

The Turnbull Government’s competition laws commence today, levelling the playing field and delivering on major reforms to Australia’s competition law to provide greater protections for small busine

Australian FinTech streaming ahead

The Turnbull Government welcomes the release today of the EY FinTech Australia Census 2017, which reveals the strength and maturity of Australia's FinTech sector.

Mandating comprehensive credit reporting

The Turnbull Government will legislate for a mandatory comprehensive credit reporting regime to come into effect by 1 July 2018, to ensure good customers are rewarded with better deals.

Tax changes to support FinTech and innovation

The Government today released exposure draft legislation and explanatory material for public consultation regarding amendments to the Tax Incentive for Early Stage (angel) Investors and the Venture

Key agreements secured with states and territories

The Council on Federal Financial Relations met today in Sydney to progress issues of national economic significance and reached agreement on key Turnbull Government initiatives including the Nation

Opinion piece, The Daily Telegraph

Having endured some tough times since the end of the mining boom, businesses are now starting to see the better days that I spoke about in this year's budget.

Release of PC report on Australia’s productivity performance

The Australian Government welcomes the Productivity Commission’s (PC) report on Australia’s productivity performance.

Draft legislation and regulations – enhanced FinTech regulatory sandbox

The Turnbull Government has today released exposure draft legislation and regulations to create an enhanced regulatory sandbox to support innovation in financial services.