Media releases
2015
Productivity Commission to examine regulation of Australian agriculture
Today the Turnbull Government has released the terms of reference for the Productivity Commission’s inquiry into regulation of the Australian agricultural sector, with the inquiry to commence immed
Statement on decision to prevent sale of S. Kidman & Co. Limited
Consistent with the recommendation from the Foreign Investment Review Board (FIRB), I have decided that the acquisition by foreign investors of S. Kidman and Co.
Government orders forced sale of properties illegally held by foreign residents
The Federal Government’s robust foreign investment rules and enhanced compliance program have enabled the Treasurer to order foreign nationals to sell a further seven Australian residential propert
Reappointment of a part-time member of the Payments System Board
Today I reappointed Mr Brian Wilson as a part-time member of the Payments System Board for a further five year period until 14 November 2020.
New tax treaty signed with Germany
Australia and Germany overnight signed a new 21st century tax treaty, which will reduce tax impediments to increased bilateral trade and investment and improve the integrity of the tax system.
Revised Family Tax Benefit measures to fund $3.5 billion child care investment
The Turnbull Government will restructure Family Tax Benefit (FTB) payments to give better targeted assistance to families, encourage workforce participation and fund the Government’s $3.5 billion
Government response to the Financial System Inquiry
Today we are pleased to release the Turnbull Coalition Government’s response to the Financial System Inquiry (FSI).
Council on Federal Financial Relations
The Council on Federal Financial Relations ("CFFR") of Australia's Treasurers met today in Sydney, to discuss a range of national economic and fiscal issues.
Tax and transfer group to examine barriers to work
The Coalition Government will establish an inter-departmental working group to analyse impediments within our tax and transfer systems that act as disincentives for Australians who want to work, sa
OECD report supports Australian Government action on multinational tax avoidance
The overnight release of the OECD’s Final Report on the Base Erosion and Profit Shifting (BEPS) Action Plan shows that Australia is firmly on the right track when it comes to ensuring multinational
IMF Supports Government's focus on building a stronger economy
The International Monetary Fund’s (IMF) annual assessment of Australia’s economy and key policy settings, has highlighted Australia’s strong economic record.
Appointment as Treasurer
It is a great privilege and exciting responsibility to be taking on the role of Treasurer and I thank the Prime Minister for putting his confidence in me.