Media releases


Statement from the Treasurer

The story today in the Age implying that $3 billion of federal funding will be diverted to level crossing removal is wrong.

Time to ‘re:think’ our tax system

Today marks the start of a conversation about how we bring a tax system built before the 1950s into the new century.

Productivity Commission study into public safety mobile broadband

The Government has released the Terms of Reference for the Productivity Commission’s cost-benefit analysis on the best way to deliver a mobile broadband capability for public safety agencies.

Productivity Commission Inquiry into the use of charges to determine the intake of migrants

The Treasurer, Joe Hockey, and the Minister for Immigration and Border Protection, Peter Dutton, today announced that the Productivity Commission will commence an inquiry into the impact of charges

Foreign investment decision: acquisition of Toll Holdings by Japan Post

Today I have approved the foreign investment proposal by Japan Post Co., Ltd. to acquire Toll Holdings Limited.

Passing of Stuart Wagstaff AM

I am immensely saddened to hear of the passing of my friend Stuart Wagstaff.

$2 billion Asset Recycling deal to rebuild NSW

New South Wales will receive $2 billion in incentive payments from the Commonwealth for investment in crucial infrastructure projects.

2015 Intergenerational Report

Today, the Government has released the 2015 Intergenerational Report.

Foreign investment decision

Today I have approved the proposal by JBS USA Holdings Inc (JBS), through its wholly-owned subsidiary, JBS Smallgoods HoldCo Australia Pty Ltd, to acquire Australian Consolidated Food Holdings Pty

Productivity Commission review into barriers to growth in Australian services exports

Today the Treasurer, Joe Hockey, and the Minister for Trade and Investment, Andrew Robb, announced a Productivity Commission review that will aim to boost Australia's services exports.

National Accounts – December Quarter 2014

The Australian economy grew by a solid 0.5 per cent in the December quarter to be 2.5 per cent higher over the past year. This is up from a revised 0.4 per cent in the September quarter.

Treasurer orders foreign investor to sell illegally purchased $39 million Sydney mansion

Today I have made an order under the Foreign Acquisitions and Takeovers Act 1975 (the Act) for Golden Fast Foods Pty Ltd (Golden Fast Foods), to divest the established residential property at 63-67

Australia and Switzerland agree to tackle tax evasion

Federal Treasurer Joe Hockey and Swiss Ambassador Marcel Stutz today agreed to increase cooperation to tackle tax evasion.

IGR media lock-up invitation

The 2015 Intergenerational Report: Australia in 2055 (the Report) will be released at 12.00pm (AEDT) on Thursday, 5 March 2015.

Government to strengthen Australia's foreign investment framework

The Commonwealth Government will take action to strengthen Australia’s foreign investment framework for residential real estate and agriculture.

Retail investors opportunity to exchange CGS for eAGBs

Retail investors in Commonwealth Government Securities (CGS) will be able to exchange their holdings of CGS for the equivalent exchange-traded Australian Government Bond (eAGBs) line next month.

First Asset Recycling Initiative agreement signed today

Federal Treasurer Joe Hockey and ACT Chief Minister Andrew Barr MLA today signed the first agreement under the Abbott Government’s Asset Recycling Initiative.

Government tightens rules on foreign purchases of agricultural land

The Commonwealth Government is putting in place better scrutiny and reporting of foreign purchases of agricultural land — delivering on our commitment to the Australian people at the last election.

Senate supports Labor's R&D savings measure despite Labor opposition

The Government has been able to secure another important Budget saving in the Senate with the successful passage of the Tax Laws Amendment (Research and Development) Bill 2013.

Interest rate cut good news for families and small business

Today the Reserve Bank of Australia (RBA) cut the official cash rate by 25 basis points - from 2.5 per cent to a new record low of 2.25 per cent.