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Media releases
2017
Australian FinTechs recognised among best in world
The Turnbull Government welcomes the announcement that ten Australian FinTech firms have been recognised in this year's FinTech100, demonstrating that Australian FinTech firms are holding their own
Turnbull Government delivers on key housing affordability measures
The Turnbull Government has today secured passage of significant reforms announced in the 2017 Budget which will help address housing affordability and assist private renters.
PC report backs the Government’s model to collect GST on Low Value Imported Goods
The Turnbull Government welcomes the Productivity Commission’s report on Collection Models for GST on Low Value Imported Goods.
Report reveals Shorten's company tax lies
A Treasury research paper examining the global implications of US plans to reduce company taxes highlights the real risks to Australian economic growth and wages should our company tax rate remain
Backing co-ops, mutuals and customer owned banks to increase competition
The Turnbull Government has decided to further increase competition in our banking system by backing all eleven recommendations of the inquiry into Reforms for Cooperatives, Mutuals and Member-owne
Aussie small business and consumers the winners as strengthened competition laws commence
The Turnbull Government’s competition laws commence today, levelling the playing field and delivering on major reforms to Australia’s competition law to provide greater protections for small busine
Australian FinTech streaming ahead
The Turnbull Government welcomes the release today of the EY FinTech Australia Census 2017, which reveals the strength and maturity of Australia's FinTech sector.
Mandating comprehensive credit reporting
The Turnbull Government will legislate for a mandatory comprehensive credit reporting regime to come into effect by 1 July 2018, to ensure good customers are rewarded with better deals.
Tax changes to support FinTech and innovation
The Government today released exposure draft legislation and explanatory material for public consultation regarding amendments to the Tax Incentive for Early Stage (angel) Investors and the Venture
Key agreements secured with states and territories
The Council on Federal Financial Relations met today in Sydney to progress issues of national economic significance and reached agreement on key Turnbull Government initiatives including the Nation
Release of PC report on Australia’s productivity performance
The Australian Government welcomes the Productivity Commission’s (PC) report on Australia’s productivity performance.
Draft legislation and regulations – enhanced FinTech regulatory sandbox
The Turnbull Government has today released exposure draft legislation and regulations to create an enhanced regulatory sandbox to support innovation in financial services.
Treasurer to Attend APEC Finance Minister's Meeting in Vietnam
This week I will attend the Asia-Pacific Economic Cooperation (APEC) Finance Ministers Meeting in Hoi An, Vietnam, on 19-21 October.
Taking action now for a more accountable, competitive and stable banking system
The Turnbull Government is taking action now to build an accountable, competitive and stable banking system, introducing legislation today to enact landmark financial services reform.
Strengthened competition law - Harper reforms passed
The Turnbull Government has today legislated a second tranche of major amendments to Australia’s competition law that will better protect small businesses and provide more choice for consumers.
ACCC releases draft report on electricity market
Today I am releasing the preliminary report of the Australian Competition and Consumer Commission’s (ACCC) inquiry into retail electricity prices that I commissioned on March 27 this year.
Treasurer to attend G20, IMF and World Bank Meetings in the US
This week I will attend the International Monetary Fund (IMF) and World Bank Annual Meetings in Washington D.C. on 13-14 October 2017.
Productivity Commission releases draft report on horizontal fiscal equalisation
The Turnbull Government welcomes the Productivity Commission’s (PC) draft report on horizontal fiscal equalisation (HFE).
Red tape is an anchor that holds back small business
Small business owners and their workers now have compelling reasons to be more confident about there being better days ahead.
Foreign Ownership of Agricultural Land Register findings
The Turnbull Government today released an update of the Foreign Ownership of Agricultural Land Register, building on our commitment to increase scrutiny and transparency in Australian agriculture a