Media releases

2020

Further bank support for households and small businesses

The Government welcomes today’s announcement by the Australian Banking Association (ABA) on the continued support that will be provided by banks to customers on repayment deferrals.

More than half a billion dollars to unlock infrastructure jobs in Victoria

The Commonwealth and Victorian Governments will support construction jobs across Victoria by jointly investing an additional $525 million to deliver shovel-ready infrastructure projects and urgent

Small business tax cuts kick in from July 1 2020

From July 1 2020, small and family businesses will be paying less tax as a result of legislated tax cuts passed by the Morrison Government.

The Consumer Data Right arrives

Australians will be able to unleash the power of their own data to compare and switch banking products as the Morrison Government officially launches the Consumer Data Right today.

Delivering on key measures to support all Australians

Key Morrison Government measures coming into effect on 1 July 2020 will help Australians transition through the health and economic impacts from the Coronavirus.

More power to compare and switch energy providers

The Morrison Government is giving consumers more power to compare and switch providers to lower their energy bills by formally applying the Consumer Data Right regime to the energy sector.

Chairperson of the Commonwealth Grants Commission appointment

The Treasurer is pleased to announce the appointment of Mr Michael Callaghan AM PSM as the Chairperson of the Commonwealth Grants Commission (the CGC) for a five-year period.

Australia's AAA credit rating and stable outlook reaffirmed by Moody's

Moody’s has today reaffirmed Australia’s AAA credit rating and maintained the stable outlook supported by the “underlying resilience of the economy” and our “track record of proactive and effect

Joint call of Finance Ministers: COVID-19

Today Australia hosted a call with the Finance Ministers of the “Five Eyes” nations – Australia, Canada, New Zealand, United Kingdom and the United States. 

ACCC directed to monitor domestic air passenger services

The Morrison Government has directed the Australian Competition and Consumer Commission (ACCC) to monitor domestic air passenger services for a period of three years.

New and stronger energy laws to put Australian families and small businesses first

The Morrison Government’s new measures to deal with misconduct in the electricity sector and ensure Australian households, businesses and industries get a fair deal on energy are now in force

Extending the instant asset write-off

The Morrison Government continues to back small business with the announcement that it will extend the $150,000 instant asset write-off for six months to 31 December 2020.

Major reforms to Australia's foreign investment framework

The Morrison Government is today announcing the most significant reforms to the Foreign Acquisitions and Takeovers Act 1975 since its introduction.

‘Homebuilder’ program to drive economic activity across the residential construction sector

The Morrison Government is supporting jobs in the residential construction sector with the introduction of the new HomeBuilder program.

National Accounts - March Quarter 2020

Less than 100 days ago our nation was on the edge of an economic cliff.

Update on Economic and Fiscal Outlook

The Morrison Government’s economic response to the Coronavirus crisis is providing $259 billion or 13.3 per cent of GDP in support for workers, households and business.

ACCC launches Consumer Data Right platform

The Australian Competition and Consumer Commission (ACCC) is today launching the Consumer Data Right Register and Accreditation Application Platform (RAAP) to allow banks and fintech businesses to

Temporary changes to continuous disclosure provisions for companies and officers

The Morrison Government will temporarily amend the continuous disclosure provisions that apply to companies and their officers’ to enable them to more confidently provide guidance to the market dur

AAA credit rating reaffirmed by Fitch

Australia’s AAA credit rating has been reaffirmed by Fitch in an expression of confidence in the Morrison Government’s handling of the coronavirus crisis and our demonstrated record of economic man

Litigation funders to be regulated under the Corporations Act

The Morrison Government is ensuring that litigation funders are subject to greater regulatory oversight by requiring them to hold an Australian Financial Services Licence (A