Media releases

2016

2016-17 Mid-Year Economic and Fiscal Outlook

Today’s Mid-Year Economic and Fiscal Outlook (MYEFO) confirms that the Budget is projected to return to balance in 2020-21.

Government appointments

The Turnbull Government has today announced appointments to the Superannuation Complaints Tribunal, the Auditing and Assurance Standards Board (AUASB), the Financial Reporting Council (FRC), the Pr

Reserve Bank Board appointment

I am pleased to announce the appointment of Ms Carol Schwartz AM to the Reserve Bank Board as a part-time member for a five-year period from 14 February 2017.

Launch of an innovative regulatory sandbox for Fintech

The Turnbull Government today welcomes the announcement by the Australian Securities and Investments Commission (ASIC) that its FinTech regulatory sandbox is open for business.

Aquaman blockbuster to be filmed in Australia

The Turnbull Government has announced $22 million to secure Australia as the filming location for the blockbuster feature film Aquaman, the next DC superhero movie by Warner Bros Pictures.

Productivity commission study on the transition of regional economies following the resources boom

The Australian economy’s transition away from the resources-led boom towards broader-based growth is presenting different challenges and opportunities for Australia’s regions.

Approval of S. Kidman & Co. Limited sale to increase Australian ownership

Today I have approved a proposal for the sale of S. Kidman & Co. Limited (Kidman) that will increase the level of Australian ownership of the Kidman group of properties.

$117 million in new homelessness funding

The Turnbull Coalition will deliver $117.2 million to support frontline services addressing homelessness.

Multinationals paying tax on Australian profits

The Turnbull Government's Multinational Anti-Avoidance Law (MAAL) powers have so far forced 24 multinational companies to either restructure their arrangements or signal their intention to do so in

National Accounts – September Quarter 2016

Today’s September Quarter National Accounts make clear the very real risks to our economy and once again shows that economic growth in Australia or anywhere in the world cannot be taken for granted

Statement - Council on Federal Financial Relations meeting

The Council on Federal Financial Relations (CFFR) met today in Canberra to discuss how Australia’s governments can continue to work together on issues of national economic significance to drive fut

Government’s better Working Holiday Maker tax arrangements secure critical senate support

The Turnbull Government has reached agreement to secure the support of the Australian Greens for the Government’s better Working Holiday Maker tax arrangements, setting the tax rate for 417 and 462

Delivering strengthened competition law – Section 46 legislation introduced

The Turnbull Government has today introduced legislation to strengthen Australia’s competition law, reforms that will benefit consumers, businesses and the economy by boosting innovation, opening n

Turnbull Government Review of Petroleum Resource Rent Tax

The Turnbull Government is continuing to deliver on its commitment to ensure greater integrity of Australia’s tax system.

Turnbull government delivering on diverted profits tax

The Turnbull Government is delivering on its commitment to tax integrity and today released draft legislation for implementation of the Diverted Profits Tax, which will give increased powers to the

Government to allow on-sale of off-the-plan dwellings failing to reach settlement

The Turnbull Government will implement changes under the foreign investment framework to allow foreign buyers to purchase an off-the-plan dwelling when another foreign buyer has failed to reach set

Turnbull Government acting to open new capital markets

The Turnbull Government is acting to open up new and innovative sources of capital funding for Australian small businesses and start-ups, introducing legislation today to facilitate crowd-sourced e

Turnbull government delivers on fairer, more sustainable superannuation

The Turnbull Government today secured parliamentary passage of the most comprehensive suite of superannuation reforms in a decade, delivering on our commitment to improve the fairness, sustainabili

Appointment of Commissioner - Productivity Commission

Treasurer the Hon. Scott Morrison, today announced that he has appointed Mr Richard Spencer as a part-time Commissioner of the Productivity Commission for a five-year period.

Labor will force Australians to pay for foreign worker tax cut

The Labor opposition today confirmed they will force Australians to pay more tax so they can give foreign workers a tax cut.