Media releases

2022

G20 Finance Ministers' and Central Bank Governors' Meeting in Indonesia

Today I will travel to Jakarta, Indonesia to attend the G20 Finance Ministers’ and Central Bank Governors’ Meeting from 17 to 18 February 2022.

ACCC report shows the importance of ongoing investment in gas

Tight global gas markets have reinforced the importance of continued investment in Australia’s gas resources to avoid the supply shortfalls and high prices being experienced internationally.

Parliament passes legislation to enhance the superannuation system

The Morrison Government has today passed through the Parliament the Treasury Laws Amendment (Enhancing Superannuation Outcomes For Australians and Helping Australian Businesses Invest) Bill 202

Parliament passes legislation to drive investment and support first home buyers

The Morrison Government has today passed through the Parliament the Treasury Laws Amendment (Enhancing Superannuation Outcomes For Australians and Helping Australian Businesses Invest) Bill 202

Reforms to AGMs and electronic documents to deliver $450 million in annual red tape savings

Around a million businesses will save around $450 million in red tape each year after the Morrison Government today passed legislation making permanent the temporary changes introduced

Patent Box legislation introduced into Parliament to support investment and jobs

The Morrison Government today introduced legislation to create Australia’s first Patent Box to drive more investment, create more jobs and back Australian companies to commercialise their cutting‑e

Attracting more investment into Australia to create more jobs

The Morrison Government has today secured passage through the Parliament of the Corporate Collective Investment Vehicle Framework and Other Measures Bill 2021, which will significantly boost intern

Morrison Government to deliver reduced premiums through reinsurance pool

The Morrison Government has finalised the design of the reinsurance pool for cyclone and related flood damage, following consultation on the draft legislation.

Productivity Commission review of Australia's productivity performance

The Morrison Government has tasked the Productivity Commission with undertaking its second five‑yearly review of Australia’s productivity performance.

Extension of Remote Aboriginal Investment to the Northern Territory

The Morrison Government is extending the National Partnership on Northern Territory Remote Aboriginal Investment (NTRAI) for another two years, committing an additional $173.2 million to ensure Abo

S&P affirms Australia's AAA credit rating

Rating agency S&P Global has affirmed Australia’s AAA credit rating, citing Australia’s strong economic recovery from the pandemic and track record of sound economic and fiscal management.

BHP Group consolidated to single listed entity in Australia

The Morrison Government welcomes BHP’s decision to consolidate the company’s dual-listed company structure into a single entity listed on the Australian Securities Exchange (ASX), which yesterday r

More power to compare and switch telco providers and share finance data

The Morrison Government is giving consumers more power to lower their internet and phone bills by expanding the Consumer Data Right to the telecommunications sector.

New assurance to support investment in clinical trials

The Morrison Government will provide businesses with certainty that investment in clinical trials will be eligible for the Research and Development Tax Incentive (R&D Tax Incentive).

Student and Working Holiday Maker visa holders

The Morrison Government has announced a series of visa measures to provide an incentive for fully vaccinated Student and Working Holiday Maker visa holders to return to Australia as soon as possibl

2021

Australian Business Securitisation Fund Review

The Morrison Government has commenced a review of the $2 billion Australian Business Securitisation Fund (ABSF) facility.

Productivity Commission appointment

The Morrison Government has reappointed Professor Stephen King as a part‑time Commissioner of the Productivity Commission (the PC) for a further five‑year period commencing from 1 January 2022.

Reforms to bring greater transparency and accountability to proxy advice

The Morrison Government is strengthening the transparency and accountability of proxy advice services, and improving the disclosure of superannuation funds’ voting records on company resolutions th

Gina Cass-Gottlieb appointed as Australian Competition and Consumer Commission Chair

The Morrison Government is pleased to announce that Ms Gina Cass‑Gottlieb has now been officially appointed as the Chair of the Australian Competition and Consumer Commission (ACCC) for a five‑year

2021-22 Mid-Year Economic and Fiscal Outlook

The 2021‑22 Mid‑Year Economic and Fiscal Outlook (MYEFO) underscores the importance of sticking to the plan to secure Australia’s strong recovery from the greatest economic shock since the Great De