The government has called an election and is now in caretaker
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Media releases
2018
Release of the Royal Commission’s interim report into Misconduct in the Banking, Superannuation & Financial Services Industry
The Liberal-National Government has today welcomed the interim report of the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry and tabled it in Parliam
Government consults on stronger penalties for corporate and financial sector misconduct
The Coalition Government is committed to ensuring the Australian Securities and Investments Commission (ASIC) has the powers it needs to take strong action to protect consumers from corporate and f
Supporting Australian farmers: instant depreciation for fodder storage assets
Australian farmers can now access tax relief sooner, as a part of the Government’s $1.8 billion plan to help drought-affected farmers.
Smallest deficit in ten years
The Liberal-National Government’s economic plan and responsible budget management has seen the Final Budget Outcome for the 2017-18 financial year record an underlying cash deficit $19.3 billion be
AAA credit rating reaffirmed by S&P
Australia’s AAA credit rating has been reaffirmed by Standard & Poor’s (S&P) in a strong expression of confidence in the Government’s economic management.
Labor delays greater competition and consumer protections in financial services
Labor is delaying the establishment of a mandatory comprehensive credit reporting system that would increase competition and enhance consumer outcomes in the financial services sector, despite the
Making sure foreign investors and multinationals pay their fair share of tax
The Coalition Government is taking strong action to protect the integrity of Australia’s tax system, with the introduction of two bills that will further ensure that those who do business in Austra
Resignation of Mr Peter Kell as a Deputy Chair of ASIC
Mr Peter Kell has announced his resignation as Deputy Chair of the Australian Securities and Investments Commission (ASIC), following seven years of service.
Passage of government’s action to enhance ASIC’s capabilities
The Morrison Government is committed to delivering strong and effective regulators to govern our financial system.
Cracking down on the black economy
The Coalition Government has today delivered on the first of its commitments to tackle the black economy and further protect the integrity of our tax system, with the passage of tough new laws that
Appointment of a second Deputy Chair to strengthen the Australian Prudential Regulation Authority
The Coalition Government is pleased to announce the appointment of Mr John Lonsdale as a full-time member and second Deputy Chair to the Australian Prudential Regulation Authority (APRA).
Small business and start-ups gain access to crowdfunding
Small businesses and start-ups will now have easier access to funding they need to grow, with the Coalition Government passing new laws that extend crowdfunding eligibility.
$20,000 instant asset write-off extension passes Parliament
The Coalition Government’s strong record of supporting small business continues today, with the Senate passing legislation to extend the $20,000 instant asset write-off.
National Accounts – June Quarter 2018
Today's National Accounts for the June quarter 2018 highlight the strength and resilience of the Australian economy which has just completed its 27th year of consecutive economic growth.
ASIC seeks record penalty for Westpac’s home loan breach
The Australian Securities and Investments Commission (ASIC) has asked the Federal Court to impose a $35 million civil penalty on Westpac Banking Corporation for breaching its responsible lending ob
Treasury portfolio arrangements
As Treasurer, I will have responsibility for the development of the budget, economic and fiscal policy, taxation and superannuation policy, responding to the Banking Royal Commission, major foreign
Appointment of full-time Members to the Australian Securities and Investments Commission
This media release announces two appointments to the Australian Securities and Investments Commission