Media releases

2016

Government orders more forced sales of properties illegally held by foreign nationals

The Turnbull Government's strong foreign investment rules have enabled the Treasurer to ensure that a further eight Australian residential properties held in breach of the foreign investment framew

2015

Productivity Commission inquiry into regulation of the Australian marine fisheries and aquaculture sectors

Today the Turnbull Government has released the terms of reference for the Productivity Commission’s inquiry into regulation of the Australian marine fisheries and aquaculture sectors.

National Competition Council appointments

Treasurer the Hon. Scott Morrison today announced the following appointments to the National Competition Council (the Council):

Productivity Commission appointments

Treasurer the Hon. Scott Morrison today announced three new appointments to the Productivity Commission.

Australia welcomes US agreement to reform of the International Monetary Fund

The Australian Government welcomes passage of the 2016 Consolidated Appropriations Act by the United States Congress overnight which will enable the realisation of long awaited reforms to

Release of 2015-16 Mid-Year Economic Fiscal Outlook

As the recent national accounts data demonstrated, our transition from the investment boom in the mining sector to a more diversified, innovative and people driven economy is underway.

Release of section 46 discussion paper

Treasurer the Hon. Scott Morrison, today released a discussion paper on section 46 of the Competition and Consumer Act 2010 - the misuse of market power provision.

Council on Federal Financial Relations

The Council on Federal Financial Relations ("CFFR") met today to discuss how Australia's governments can work together to build a strong national platform for economic growth and jobs to incentivis

Appointment of part-time members to the Reserve Bank Board

I am pleased to announce the appointment of Mr Allan Moss AO as a part-time member to the Reserve Bank Board for a five-year period.

Australian Competition and Consumer Commission cross-appointment to the New Zealand Commerce Commission

Australian Treasurer Scott Morrison and New Zealand Commerce and Consumer Affairs Minister Paul Goldsmith today announced the expansion of cross-appointments between the New Zealand Commerce Commis

Tax and business incentives to boost economic growth & jobs

A suite of new tax and business incentive measures under the Turnbull Government’s National Innovation and Science Agenda (NISA) will help to drive economic growth and jobs for Australia, Treasurer

Security and business expertise added to Foreign Investment Review Board

The Turnbull Government today announced the appointment of Mr David Irvine and Mr David Peever as part-time members to the Foreign Investment Review Board (FIRB) for a five year period.

Senate passes Government's multinational anti tax avoidance measures

The Turnbull Government has tonight secured the passage of the Tax Laws Amendment (Combating Multinational Tax Avoidance) Bill, a critical piece of legislation, which will ensure major internationa

Legislation introduced to end excessive card surcharging

The Turnbull Government today introduced tough new laws in the Parliament to deliver on our commitment to protect consumers through banning excessive card surcharging.

Legislation to tackle offshore tax evasion

The Turnbull Government today introduced legislation to the Parliament that will further tackle offshore tax evasion.

September quarter National Accounts show positive transition underway

Today's National Accounts show that economic growth strengthened in the September quarter and that we are making a positive transition from the largest resources investment boom in our history to b

Stronger foreign investment regime comes into force

The Turnbull Government’s robust new foreign investment regime comes into force today, providing stronger enforcement and a better resourced system with clearer rules for foreign investors, Treasur

Appointments to the Australian Prudential Regulation Authority (APRA)

Today I am pleased to announce the following appointments to the Australian Prudential Regulation Authority (APRA):

Foreign Investment Approval - 99 year lease of TransGrid

The Federal Government welcomes the NSW Government announcement of 'NSW Electricity Networks' as the successful bidder for the 99 year lease of TransGrid, the New South Wales electricity transmissi

Turnbull Government to promote more choice, better services, stronger growth

Treasurer, the Hon. Scott Morrison today released the Government’s response to the Competition Policy Review (Harper Review).