Media releases

2017

Turnbull Government acts to further strengthen financial stability

The Turnbull Government is taking action to further strengthen Australia’s financial resilience by extending our prudential regulator’s powers to non-bank lenders, as announced in the 2017 Budget.<

Further action to create a more competitive banking system for Australians

More competitive loans and other financial products for Australians will be encouraged through new reforms announced by the Turnbull Government in the 2017 Budget.

Review into the efficiency and competitiveness of the superannuation system commences

The Turnbull Government has taken further action to ensure Australia’s superannuation system is as efficient and competitive as possible with the release of the Terms of Reference for the Productiv

Appointment of part-time member to the Reserve Bank Board

I am pleased to announce the appointment of Mr Mark Barnaba AM to the Reserve Bank Board.

Extra funding announced for NT schools

Public schools across the Northern Territory are set for a $78.5 million funding boost from the Turnbull Government on top of the $263 million a year increase in needs-based funding set to flow to

Labor will drive up rents, pushing more Australians into rental stress

Bill Shorten and Labor’s policies will drive up rents for the increasing number of Australians that new Census data reveals are renting, have increasing rental costs or are paying over 30 per cent

Protecting Aussies from predatory credit card practices

Credit card providers will be forced to scrap unfair and predatory practices within the year under reforms to be introduced by the Turnbull Government.

Delivering a fairer playing field for Australian businesses

Turnbull Government laws will level the playing field for Australian businesses by applying the GST to goods costing $1,000 or less supplied from offshore to Australian consumers from 1 July 2018,

Turnbull Government delivers on Major Bank Levy

The Turnbull Government last night successfully passed legislation through the Parliament which will give effect to the Major Bank Levy from 1 July this year, as promised in the 2017 Budget.

National Accounts - March Quarter 2017

Today’s National Accounts showed that real GDP rose by 0.3 per cent in the March quarter, to be 1.7 per cent higher through the year.

Major Works on The Northern Road and Bringelly Road upgrades

The Turnbull Government is continuing to deliver vital infrastructure that is improving transport in Western Sydney, creating local jobs and growing the regional economy.

How we're making the big banks behave better

Australians have to place enormous faith in their banks.

Future fund investment mandate

Following the decision to defer drawing down from the Future Fund until at least 2026-27 the Government last night registered a revised

Strengthening the integrity of Australia's tax system

The Turnbull Government continues to strengthen the integrity of Australia’s tax system by reducing opportunities for multinational tax avoidance and shining a light on the black economy.

Guaranteeing the essentials Australians rely on

The Turnbull Government is protecting and boosting the key services that Australians rely on by sustainably funding Medicare, fully funding our share of the National Disability Insurance Scheme and

Building an accountable and competitive banking system

All Australians rely on the banking and financial system. The financial system is the backbone of the economy and plays an essential role in promoting economic growth.

Ensuring the Government lives within its means

The Turnbull Government is making the right choices to take further action on building a fair and responsible path to a balanced budget, ensuring Australia can secure better days ahead.

Stronger growth to create more and better paying jobs

The Turnbull Government’s 2017 Budget is the next stage in our economic plan, making the right choices to secure more and better paying jobs.

Reducing pressure on housing affordability

The Turnbull Government is ensuring home ownership is more achievable for ordinary Australians, and that they have access to secure and affordable housing.

The right choices securing better days ahead

The Turnbull Government is making the right choices to ensure our nation’s remarkable economic growth story continues, so we can secure better days ahead for all Australians.