Media releases

2017

Treasurer to Attend APEC Finance Minister's Meeting in Vietnam

This week I will attend the Asia-Pacific Economic Cooperation (APEC) Finance Ministers Meeting in Hoi An, Vietnam, on 19-21 October.

Taking action now for a more accountable, competitive and stable banking system

The Turnbull Government is taking action now to build an accountable, competitive and stable banking system, introducing legislation today to enact landmark financial services reform.

Strengthened competition law - Harper reforms passed

The Turnbull Government has today legislated a second tranche of major amendments to Australia’s competition law that will better protect small businesses and provide more choice for consumers.

ACCC releases draft report on electricity market

Today I am releasing the preliminary report of the Australian Competition and Consumer Commission’s (ACCC) inquiry into retail electricity prices that I commissioned on March 27 this year.

Treasurer to attend G20, IMF and World Bank Meetings in the US

This week I will attend the International Monetary Fund (IMF) and World Bank Annual Meetings in Washington D.C. on 13-14 October 2017.

Productivity Commission releases draft report on horizontal fiscal equalisation

The Turnbull Government welcomes the Productivity Commission’s (PC) draft report on horizontal fiscal equalisation (HFE).

Red tape is an anchor that holds back small business

Small business owners and their workers now have compelling reasons to be more confident about there being better days ahead.

Foreign Ownership of Agricultural Land Register findings

The Turnbull Government today released an update of the Foreign Ownership of Agricultural Land Register, building on our commitment to increase scrutiny and transparency in Australian agriculture a

Deficit falls below 2 per cent of GDP

The responsible budget management of the Turnbull Government has brought the 2016-17 Final Budget Outcome (FBO) in at $4.4 billion better than the underlying cash balance forecast in the 2017-18 Bu

Consultation on National Housing Finance and Investment Corporation

The Turnbull Government today released a Consultation Paper on the proposed National Housing Finance and Investment Corporation (NHFIC), the National Housing Infrastructure Facility (NHIF) and the

Draft Legislation - Banking Executive Accountability Regime

The Turnbull Government is continuing to deliver on strengthening accountability in the banking system, today releasing exposure draft legislation for the Banking Executive Accountability Regime (B

Opinion piece: Making more room to build our world-leading FinTech sector

Digital disruption in financial services is changing the world.

Australia grows to become Asia-Pacific’s second largest alternative finance market

The Turnbull Government’s strong support for FinTech has helped Australia become the second largest alternative finance market in the Asia-Pacific, with US$610 million raised in 2016.

Strategic economic dialogue with China

Treasurer, the Hon. Scott Morrison and Minister for Trade, Tourism and Investment, the Hon.

Increasing the supply of affordable housing

The Turnbull Government is ensuring more Australians have access to secure and affordable housing, a key priority of the Federal Budget announced in May.

Removing the double taxation of digital currency

Today the Turnbull Government introduced legislation to deliver on the 2017-18 Budget promise to remove the double taxation of digital currency, action that will further cement Australia’s reputati

Turnbull Government opening up new capital markets for small businesses and start-ups

The Turnbull Government is delivering on its commitment to extend crowd-sourced equity funding to proprietary companies, introducing legislation to the Parliament today which will enact this import

Open competition in clearing and settlement of shares

I welcome the release today of the Council of Financial Regulators’ (CFR) policy statements on the regulation of Australian cash equities clearing and settlement services, developed in collaboratio

Targeted tax measures to improve housing affordability

The Turnbull Government is moving forward on the housing affordability package announced in the Budget.

Legislation introduced into the Parliament today will:

National Accounts - June Quarter 2017

The better days ahead for the Australian economy are now beginning to emerge.