Banks Will Have To Appear Before House Economics Committee Say Turnbull And Morrison

Australian Banks will have to appear once a year before the Economics Committee of the Parliament, under plans announced today by Prime Minister Malcolm Turnbull.

Turnbull and Treasurer Scott Morrison held a joint press conference to outline the plan. Turnbull said the banks “operate under a social licence from the Australian people”. Built on a foundation of trust, “they have to earn that trust through being open and accountable at all times,” Turnbull said.

The heads of the four major banks will be required to appear before the House of Representative Standing Committee on Economics. Morrison said this was “in the same way that the Reserve Bank and APRA currently appear before the committee on a regular basis”. [Read more…]


Liberal Party Free Time Advertisements: 2016 Federal Election

These are four freetime advertisements for the Liberal Party, broadcast on ABC television.

The advertisements feature Prime Minister Malcolm Turnbull, Foreign Minister Julie Bishop and Treasurer Scott Morrison.

The Australian Broadcasting Corporation is statutorily obliged to provide free radio and television time to the major political parties during elections. [Read more…]


Treasurers Debate: Scott Morrison And Chris Bowen At The National Press Club

Scott Morrison and Chris Bowen have met in a Treasurers Debate at the National Press Club.

The debate came at the end of a week in which the government has sought to focus attention on ALP costings in the election campaign.

Scott Morrison has been Treasurer since last September, when Malcolm Turnbull overthrew Tony Abbott as prime minister. Chris Bowen, a minister in the Rudd and Gillard governments, was briefly Treasurer in the second Rudd government in 2013. [Read more…]


Scott Morrison Budget Speech 2016-17

The Treasurer, Scott Morrison, has delivered the 2016-17 Budget Speech, his first for the Turnbull coalition government.

The Budget forecasts a deficit for 2016-17 of $37.1 billion, falling to $6 billion in 2019-20.
It tightens superannuation concessions and introduces a new Youth Employment Package with internships and wage subsidies for business.

The Budget cuts company tax for small business and raises the personal income tax threshold of $80,000 to $87,0000.

The full text of the Budget is shown below, with complete audio and video.

Documents

Download the Budget documents (PDF).

  • Listen to Morrison’s Budget Speech (31m)
  • Watch Morrison (31m)

Hansard transcript of Scott Morrison’s Budget Speech.

Appropriation Bill (No. 1) 2016-2017 [Read more…]