The Black Economy Taskforce has published a paper listing dozens of policy ideas derived from its months of public consultation, and seeking further public input.
The federal Government has reduced the Future Fund’s long-term target return by 50 basis points, reflecting “changed global investment market conditions”.
Treasurer Scott Morrison has directed the Productivity Commission to examine the impact on the economy of the system that underpins the distribution of GST revenue to the States and Territories.
As foreshadowed by Treasurer Scott Morrison the week before the Budget this year’s Budget highlights the net operating balance alongside the underlying cash balance to reflect those Government payments which contribute to recurrent expenditure.
Prime Minister Malcolm Turnbull is expected to make a series of keynote speeches over coming weeks to try to shape a stronger economic message ahead of the May 9 Budget.
The December quarter National Accounts showed that the economy rebounded strongly from the unexpectedly weak result in the September quarter.
Former trade minister Andrew Robb has become a “high-level economic consultant” with the Chinese company Landbridge Group that now operates Darwin Port.
The Minister for Revenue and Financial Services, Kelly O’Dwyer has released a discussion paper titled ‘National Innovation and Science Agenda – Employee Share Schemes’ for consultation.
Agreements signed this month during an official visit to Australia by Singapore Prime Minister Lee Hsien Loong represent the most substantial upgrade in the Australia-Singapore relationship in a generation.
The Government has announced details of the decision to have the House of Representatives Standing Committee on Economics to call the banks to account for their decision making.
Prime Minister Malcolm Turnbull has urged world leaders to resist rising calls for protectionism, mostly stemming from slow economic growth.
A new and significant debate is emerging in Australia about fiscal policy and Budget deficits, which challenges the accepted wisdom of recent years about the size of the Federal Budget deficit.
Prime Minister Malcolm Turnbull says preliminary discussions have already begun on trading arrangements with Britain when it leaves the European Union. But he says that departure is still “some years” away.
With Labor threatening to pursue its proposal for a banking royal commission in the new Parliament, the Coalition has produced an alternative.
Prime Minister Malcolm Turnbull formally launched the Liberal Party election campaign June 25, stressing the need for “stability” after the British vote to leave the European Union.
At the halfway point on this eight-week campaign political static is overwhelming most significant policy – and political – debate.
The Pre-election Economic and Fiscal Outlook (PEFO) report, released on May 20 retained most of the key elements of the May 3 Budget
Labor has announced an ‘age-friendly nation’ policy which includes a national strategy to “harness the economic and social potential of older Australians” and a repurposed grants program to focus on “active ageing”.
Some of Australia’s biggest real estate firms are launching a campaign against Labor’s plans to curb negative gearing.
Shadow treasurer Chris Bowen has questioned the basis of the Coalition’s latest Budget, saying Australia’s AAA credit rating is under genuine threat.
The Budget forecasts a significant deterioration in the Budget outcome in the next three financial years, with a major deterioration in the outcome in 2018-19 compared to last year’s Budget.
The Budget forecasts a continuation of current economic conditions with continued moderate economic growth over the current and next two financial years, little change in household consumption spending and modest employment growth.
The three sitting weeks since parliament resumed on 2 February have been the worst for the Government since Malcolm Turnbull took over the Liberal Party leadership in September.
The Government has shown signs of increased tensions and has appeared increasing ragged over the last two weeks as it has struggled to clarify its tax and economic messages.
Treasury secretary John Fraser has warned that complacency about the level of Government spending could put Australia’s prized AAA credit rating at risk.
Not surprisingly, the sheen is starting to wear off Malcolm Turnbull’s prime ministership – but not by much.
Treasurer Scott Morrison’s first major economic statement, the Mid-Year Economic and Fiscal Outlook (MYEFO), revises up the current year’s forecast Budget deficit to $37.4 billion from the $35.1 billion forecast in May.
The Government proposes to provide businesses with a new option to self-assess the tax effective life of acquired intangible assets.
The Government proposes to change existing insolvency laws to reduce the current default bankruptcy period from three years to one year.
“Despite revenue write downs of almost $34 billion caused by falling commodity prices, a declining terms of trade, weaker global growth and the adoption of a more realistic domestic growth outlook we continue patiently and responsibly on the path to budget balance.”