Like any Australian family or business, the Government is focused on keeping expenses down to balance the Budget and pay down debt. A stronger Budget supports jobs and growth and instils confidence as the economy transitions. Strengthening the nation’s finances is key to the Government’s economic plan. Working to balance the Budget will restore the...

As Australia continues its transition to broader-based growth, the 2016-17 Budget Remains focused on jobs and growth. This Budget also reinforces the ongoing commitment to control spending to put the Budget on a sustainable foundation for the future. Excluding tax integrity measures, the Government is reducing the tax burden by around $1.9 billion over the...

Budget Paper No.2, Budget Measures 2016-17 ensures that the Budget Papers provide comprehensive information on all Government decisions that involve changes to its revenue, expense and investing activities since the Mid-Year Economic and Fiscal Outlook 2015-16. Budget Paper No. 2 comprises three parts: •Part 1: Revenue Measures •Part 2: Expense Measures •Part 3: Capital Measures...

This Bill seeks to ensure that Australian entities will be able to comply with new international margin requirements for non-centrally cleared over-the-counter (OTC) derivative transactions, which are due to come into force from September 2016. The purpose of the Financial System Legislation Amendment (Resilience and Collateral Protection) Bill 2016 (the Bill) is to amend the...

The 2016-17 Budget is a national economic plan for growth and jobs. Australia’s future depends on how well we grow and shape our economy as we move from the unprecedented boom in mining investment to a stronger, broader based economy. The Commonwealth is committed to providing financial assistance to State Governments so that they can...