News Articles for Josh Frydenberg

Scott Morrison denies his government's budget hinges on a coronavirus vaccine being found next year, saying various tax cuts and business incentives will roll out regardless.

Scott Morrison has defended a federal budget scheme to give bosses weekly cash payments to employ people aged under 35.

Click through for a summary of initiatives in the $74 billion JobMaker package, including a $4 billion wage subsidy and $3.5 billion of research incentives.

Federal net debt is set to peak near $1 trillion, with $416 billion of cash deficits projected as the government locks in higher spending.

The federal government will spend $1.2 billion to create more than 100,000 apprenticeships and traineeships in an effort to boost youth employment.

An instant asset write-off for new business investment and an immediate tax deduction for losses are key measures in the federal budget.

Original federal budget estimates have been blown away by COVID-19, while WA faces a different set of challenges.

Millions of Australians will have income tax cuts fast-tracked in a federal budget set to focus on driving business investment and job creation.

The federal government will spend $1.1 billion on Western Australian road and rail projects, as part of a broader infrastructure package.

Demand for new houses remained strong in August, particularly in Western Australia, following the relaxation of COVID-19 restrictions in most jurisdictions.

Australia's three biggest brewers have come up with a crafty budget fix that could put a smile on people's lips: slashing the tax on tap beer.

Customers will get faster access to bank loans under a Morrison government relaxation of responsible lending laws introduced after the global financial crisis.

The coronavirus pandemic and deepest recession since the 1930s has turned a forecast $5 billion federal budget surplus into an $85.3 billion deficit.

Welfare recipients will begin getting less money each fortnight as the JobSeeker coronavirus boost winds down.

More than one million unemployed Australians are about to take a $300 cut to their JobSeeker payments.

Business groups believe proposed changes to insolvency laws will be a lifeline for thousands of small businesses struggling through the COVID-19 pandemic.

Mark McGowan's stance on hard border closures is politically popular at home, but let's not lose sight of the bigger picture.

Westpac has agreed to pay a record $1.3 billion fine for major breaches of money laundering and terror financing laws.

Josh Frydenberg has put forward a two-stage plan to lift the economy out of recession and then repair the budget.

Treasurer Josh Frydenberg has promised the Morrison government will continue to do what is necessary to cushion the economy from the blow of the coronavirus pandemic.

Almost two-thirds of medium-sized companies are concerned economic activity faces a significant decline, resulting in even higher unemployment, when the federal government unwinds its COVID-19 stimulus measures.

Former prime minister Malcolm Turnbull believes the Morrison government should resist a push to delay an increase in superannuation.

The federal government has extended insolvency and bankruptcy protections until the end of the year as it seeks to stem the shock of a national recession.

Federal Treasurer Josh Frydenberg has laid another tackle on the Queensland government over state border "double standards" for the AFL.

Australia's troubled aged care sector will receive a $563 million boost after more than 450 deaths and ongoing political pressure on the federal government.

Treasurer Josh Frydenberg promises his delayed October 6 budget will be about getting people back into work.

Wage subsidies will soon be extended after the underpinning legislation was brought to federal parliament.

A company part-owned by the Chinese government has been blocked from controlling popular Australian brands like Pura, Dairy Farmers and Dare flavoured milk.

The Australian economy will take a "substantial and heartbreaking" hit from the coronavirus pandemic when official figures are released next week, the prime minister says.

Shandong Gold has received federal government approval to proceed with its takeover of Perth-based Cardinal Resources, despite increasing sensitivity around Chinese foreign investment.

Prime Minister Scott Morrison says tighter coronavirus restrictions in Victoria will lead to as many as 400,000 people losing their job or seeing their hours reduced to zero and a 10 per cent national jobless rate by year's end.

Australia's $20 billion extension of COVID-19-related support payments has joined an international wave of pandemic stimulus packages, which bring the total global spend beyond $US11 trillion.

Australia will suffer a $184.5 billion deficit as the coronavirus drives a wrecking ball through the economy.

Small to medium-sized businesses will be able to access government-guaranteed loans worth up to $1 million under a plan to drive investment.

Scott Morrison has confirmed there will be a further phase of income support once coronavirus welfare programs expire in September.

After commuting thousands, if not millions of kilometres from his home in Perth to Canberra since 2007, Finance Minister Mathias Cormann is calling it a day.

The government and Labor have inched closer together on energy policy but an olive branch extended across the gap has yet to be grasped.

Australia's unemployment rate is expected to hit eight per cent when wage subsidies, but the forecast is looking less grim as the health situation improves.

Foreign investors will face a tough new national security test designed to protect Australia's critical assets from falling into the wrong hands.

The federal government has temporarily amended continuous disclosure provisions that apply to companies and their officers, citing concern about companies being exposed to opportunistic class actions.