Media releases
2020
Helping small businesses get access to credit
To help small businesses get access to credit quickly and efficiently, the Government is providing greater certainty by ensuring that responsible lending obligations do not apply to the provision o
2020-21 Budget announcement
The Morrison Government is continuing to take decisive action to protect Australians and the economy from the effects of the coronavirus.
Banks step up to support small business
The Morrison Government congratulates the announcement by the Australian Banking Association (ABA) that their members will defer loan repayments for six months for small businesses who need a
Government to invest up to $15B in support of SME lending
The Morrison Government today announced an investment of up to $15 billion to enable smaller lenders to continue supporting Australian consumers and small businesses.
Government establishes Business Liaison Unit on Coronavirus
The Morrison Government today announced the creation of a new Coronavirus Business Liaison Unit in Treasury to build on existing efforts to support confidence, employment and business continuity.&n
Economic Stimulus Package
The Morrison Government has today announced a $17.6 billion economic plan to keep Australians in jobs, keep businesses in business and support households and the Australian economy as the world dea
IMF recognises Australia’s sound fundamentals
The International Monetary Fund (IMF) has recognised Australia’s sound economic fundamentals in its annual assessment of the Australian economy and expects economic growth to be “supported by monet
National Accounts - December Quarter 2019
Today’s National Accounts confirm that the Australian economy continues to grow.
G20 Finance Ministers and Central Bank Governors Meeting in Saudi Arabia
Today I will travel to Riyadh, Saudi Arabia to attend the first G20 Finance Ministers’ and Central Bank Governors’ Meeting under Saudi Arabia’s 2020 G20 Presidency.
ACCC digital platforms and ad-tech inquiries
The Morrison Government has directed the Australian Competition and Consumer Commission (ACCC) to undertake a long‑term inquiry into digital platforms and to undertake an 18
Morrison Government delivers laws to strengthen and protect Australian consumers and businesses
The Morrison Government continues to implement its economic plan with the passage of six separate pieces of legislation through the Parliament to support bushfire affected communities and to bett
Fighting racism and intolerance
The Liberals and Nationals Government will fund the expansion of an innovative resilience program for school students to reduce religious, racial and cultural intolerance as well as providing fundi
Taking action on the Banking, Superannuation & Financial Services Royal Commission – passing legislation to protect consumers and small businesses
The Morrison Government has today passed legislation through the Parliament to enhance protections for consumers and small businesses and to strengthen the role of financial regulators.
Legislation to make disaster relief payments tax exempt passes Parliament
The Morrison Government has today passed legislation through the Parliament to make disaster relief payments being made to individuals and businesses impacted by the devastating bushfires tax exemp
Economic fundamentals remain very strong
In his first speech of the year the Reserve Bank Governor confirmed the RBA expects the Australian economy to grow 2 ¾ per cent in 2020 and 3 per cent in 2021 consistent with the Government’s
Taking action on the Banking, Superannuation & Financial Services Royal Commission – consultation on exposure draft legislation
The Coalition Government has today released for consultation draft legislation to implement 22 recommendations and two additional commitments from the Banking, Superannuation & Financial S
NSW bushfire clean-up contractor announced
The Morrison and Berejiklian Governments today announced they will share the costs on a 50:50 basis for the clean-up of residential and commercial properties destroyed by the recent bushfires in
Consultation on stamping fee exemption
The Morrison Government is today announcing that Treasury will undertake a four week targeted public consultation process on the merits of the current stamping f
Building on the Consumer Data Right
The Morrison Government is continuing to give consumers more power over their own data by undertaking an inquiry to examine further w
Taking action on the Banking, Superannuation and Financial Services Royal Commission - Recommendations 3.9, 4.12, 6.6, 6.7 & 6.8: Extending the Banking Executive Accountability Regime
The Morrison Government has today released a Proposals Paper on extending the Banking Executive Accountability Regime (BEAR) to all APRA regulated entities and to make ASIC a joint administrator