The government has called an election and is now in caretaker
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Media releases
2019
GST revenue sharing relativities
Following consultation with the States and Territories, I have accepted the recommendation of the Commonwealth Grants Commission (CGC) on the GST revenue sharing relativities for 2019-20.
Review of mortgage broking trail commissions
Following consultation with the mortgage broking industry and smaller lenders, the Coalition Government has decided to not prohibit trail commissions on new loans, but rather review their operation
National Accounts – December quarter 2018
Today's National Accounts show that the Australian economy grew by 2.7 per cent in calendar year 2018, consistent with trend growth.
Cutting red tape for Tasmania’s small businesses
The Coalition Government is backing Tasmanian small businesses with a $6.4 million investment in red tape reduction, to make it easier for new businesses to start and for existing businesses to gro
Register of Foreign Ownership of Water Report
The Government has today released the first report of the Register of Foreign Ownership of Water Entitlements, delivering on our commitment to increase transparency around holdings of Australia’s w
Taking action on the Banking, Superannuation & Financial Services Royal Commission - Four weeks of Government action
The Coalition Government is getting on with the job of restoring trust in Australia’s financial system, taking action on all 76 recommendations contained in the Final Report of the Royal Commission
Taking action on the Banking, Superannuation & Financial Services Royal Commission
Recommendation 4.8: Removal of claims handling exemption
The Coalition Government has released a consultation paper on removing the exemption of insurance claims handling from the definit
Takeovers Panel Appointments
The Government has today announced the appointments of the President and members of the Takeovers Panel.
Establishing a price safety net to deliver a better deal
The Morrison Government is continuing to drive down power prices with a price safety net locking in better deals for tens of thousands of small businesses and up to 750,000 residential customers
Coalition leads on Banking Royal Commission
The Coalition’s comprehensive response was delivered on 4 February, four days after having received the Final Report.
Taking Action on Banking, Superannuation & Financial Services Royal Commission
Recommendation 2.4: Grandfathered Commissions
The Coalition Government has released exposure draft legislation to ban grandfathering of conflicted remuneration paid to financial advisers.
IMF recognises Australia's "robust economic performance"
The International Monetary Fund (IMF) has recognised Australia's "above-trend growth" in its annual assessment of the Australian economy and welcomed the steps taken "to further strengthen the fina
Government action on Banking Royal Commission Recommendations 1.7, 2.4, 4.2, 4.8 & 4.11
Sixteen days after receiving the Final Report of the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry, the Labor Party has provided part-responses to
Taking action on the Banking, Superannuation & Financial Services Royal Commission - Going further by requiring AFCA to extend its remit
The Coalition Government has extended the Australian Financial Complaints Authority’s (AFCA) remit to consider financial complaints dating back to 1 January 2008, providing expanded access to redre
Tax Practitioners Board Appointments
The Liberal National Government is pleased to announce the appointment of Mr Ian Klug AM as the new Chair to the Tax Practitioners Board (TPB).
Protecting members from unnecessary insurance in superannuation
The Coalition Government will introduce legislation into the Parliament today to protect Australians from paying premiums for insurance they don’t want, need or even know they have.
Housing tax warning
Housing industry leaders have raised serious concerns about Labor’s housing taxes at a Housing Industry Roundtable at Parliament House today.
Government taking action on all 76 recommendations
It has now been two weeks since the Hayne Royal Commission Final Report was made public, yet Bill Shorten and the Labor Party have still not responded, proving they are more interested in political
Taking action on the Banking, Superannuation & Financial Services Royal Commission
Recommendations 3.6 & 3.7 pass the Senate
The Coalition Government has passed legislation through the Senate that acts on two of Commissioner Hayne’s recommendations and will enhance
New penalties for banking misconduct pass Senate after Labor back-flip
Criminal and civil penalties for corporate and financial sector misconduct are set to significantly increase, following a Labor Party back-flip and passage of legislation through the Senate.