Media releases

2020

Energy retailers and networks must protect Australian households and small businesses that have gone into hibernation

The Australian Government has set reasonable expectations of energy companies to protect householders and small business customers during the COVID-19 pand

Supporting Australian workers and business

The Commonwealth Government has today released the second stage of its economic plan to cushion the economic impact of the coronavirus and help build a bridge to recovery.

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. <

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 Servic

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