Treasury.gov.au View government systems

Economic Response to COVID-19 Treasury.gov.au

Details: The COVID-19 pandemic continues to present new challenges and the Government’s economic support continues to evolve. The 2021-22 Budget committed an additional $41 billion in direct economic support, bringing total support since the beginning of the pandemic to $291 billion as of May 2021. Building on that support, the Government is working with states and territories to …

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› Url: https://treasury.gov.au/coronavirus Go Now

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Businesses and employers Treasury.gov.au

Details: The Government’s SME Recovery Loan Scheme is designed to support the economic recovery, and to provide continued assistance, to firms that received JobKeeper and also to firms that are eligible flood-affected businesses. Loans are available from 1 April 2021 until 31 December 2021.

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› Url: https://treasury.gov.au/coronavirus/businesses Go Now

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Information for SMEs Treasury.gov.au

Details: What is the Government guaranteeing? Under the existing 2021 Scheme, the Government will guarantee 80 per cent of eligible loans issued by participating lenders until 31 December 2021. However, under the 2022 Scheme expansion, the Government will guarantee 50 per cent of eligible loans issued by participating lenders until 30 June 2022.

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› Url: https://treasury.gov.au/coronavirus/sme-recovery-loan-scheme/smes Go Now

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2022-23 Pre-Budget Submissions Treasury.gov.au

Details: On 6 December 2021 the Minister for Housing and Assistant Treasurer called for submissions from individuals, businesses and community groups on their views regarding priorities for the 2022-23 Budget. The Pre-Budget Submission process for the 2022-23 Budget closes on 28 January 2022. Make a submission

› Verified 7 days ago

› Url: https://treasury.gov.au/consultation/2022-23-pre-budget-submissions Go Now

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Chapter 4: Corporate Governance Framework …

Details: The Government's Corporate Law Economic Reform Program seeks to ensure that Australia's business regulation is consistent with international best practice and provides an appropriately secure environment for investment in Australia. The program aims t

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› Url: https://treasury.gov.au/publication/making-transparency-transparent-an-australian-assessment/chapter-4-corporate-governance-framework Go Now

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2: Australia’s tax system Treasury.gov.au

Details: Commonwealth Government taxation was largely comprised from income taxes ($242 billion out of $338 billion). State and local government taxation was comprised of property taxes ($36 billion), payroll taxes ($21 billion) and taxes on goods, services and activities ($21 billion).

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› Url: https://treasury.gov.au/review/tax-white-paper/chart-data/2-australias-tax-system Go Now

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Remake of the sunsetting super co-contribution …

Details: The existing Superannuation (Government Co‑contribution for Low Income Earners) Regulations 2004 (2004 regulations) are due to sunset on 1 April 2022. The draft Superannuation (Government Co‑contribution for Low Income Earners) Regulations 2022 (the draft regulations) are being made to ensure the continued operation of the super co‑contribution.

› Verified 9 days ago

› Url: https://treasury.gov.au/consultation/c2021-235819 Go Now

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Further support for ACT businesses impacted by COVID-19

Details: “The ACT Government has worked constructively with the Treasurer Frydenberg and I thank him for his willingness to work with us on this shared goal.” Senator for the ACT, Zed Seselja, said today’s two week extension of business support measures, as well as additional assistance for the fitness industry, would help protect Canberra jobs

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› Url: https://ministers.treasury.gov.au/ministers/josh-frydenberg-2018/media-releases/further-support-act-businesses-impacted-covid-19-0 Go Now

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SME Recovery Loan Scheme

Details: (d) On 27 March 2021, the Government announced that the SME Recovery Loan Scheme would be extended to provide support to businesses affected by the Recent Floods. (e) The SME Recovery Loan Scheme is an extension of the Government’s existing Coronavirus SME Guarantee Scheme, and has targeted enhancements that will

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› Url: https://treasury.gov.au/sites/default/files/2021-05/SME-Recovery-Loan-Scheme-Scheme-Rules.pdf Go Now

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Quality of Advice Review

Details: The Government is committed to ensuring that Australians have access to high quality, affordable and accessible financial advice. Consistent with recommendations 2.3, 2.5 and 2.6 of the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry (Royal Commission), the Government has released for feedback and …

› Verified 9 days ago

› Url: https://treasury.gov.au/consultation/c2021-224992 Go Now

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Supporting individuals and households Treasury.gov.au

Details: COVID-19 Disaster Payment On 28 July, the Government announced it is increasing the COVID-19 Disaster Payment for those affected by Commonwealth-declared COVID-19 hotspots. States and territories are providing financial assistance to those outside declared hotspots who are affected by public health lockdowns and restrictions. See more:

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› Url: https://treasury.gov.au/coronavirus/households Go Now

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2021-22 Mid-Year Economic and Fiscal Outlook Treasury

Details: The Government has also provided additional funding to sustain capacity in sectors significantly disrupted by COVID‑19 such as aviation, tourism, early childhood education and care, and the arts. Building on our COVID‑19 response, funding in today’s MYEFO includes:

› Verified 4 days ago

› Url: https://ministers.treasury.gov.au/ministers/josh-frydenberg-2018/media-releases/2021-22-mid-year-economic-and-fiscal-outlook Go Now

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Fact sheet: JobKeeper Payment: Supporting businesses to

Details: The Government is introducing wage a subsidy program to support employees and businesses. The JobKeeper Payment is designed to help businesses affected by the Coronavirus to cover the costs of their employees’ wages , so that more employees can retain their job and continue to earn an income.

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› Url: https://treasury.gov.au/sites/default/files/2020-04/Fact_sheet_supporting_businesses_0.pdf Go Now

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2020-21 Pre-Budget Submissions Treasury.gov.au

Details: The Pre-Budget submission process for the 2020-21 Budget originally opened on 30 September 2019. In light of the impacts of the COVID-19 pandemic, the 2020-21 Budget was deferred to 6 October 2020. On 27 July 2020, the Government sought further submissions from individuals, businesses and community groups on their priorities for the 2020-21 Budget.

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› Url: https://treasury.gov.au/2020-21-pre-budget-submissions Go Now

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Payments system review

Details: of government policy. The Review was also tasked with examining how the regulatory architecture could create more productivity-enhancing innovation and competition, increase the understanding of alternative payment methods, and ensure government agencies are well-placed to take advantage of new payment functionalities to enhance service delivery.

› Verified 8 days ago

› Url: https://treasury.gov.au/sites/default/files/2021-08/p2021-198587.pdf Go Now

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2022-23 Pre-Budget Submissions

Details: Overview. On 6 December 2021 the Minister for Housing and Assistant Treasurer called for submissions from individuals, businesses and community groups on their views regarding priorities for the 2022-23 Budget. The Pre-Budget Submission process for the 2022-23 Budget closes on 28 January 2022.

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› Url: https://consult.treasury.gov.au/budget-policy-division/2022-23-pre-budget-submissions/ Go Now

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Financial adviser education standards Treasury.gov.au

Details: In 2017, the Government introduced professional standard reforms for ‘relevant providers (financial advisers). This included setting up the Financial Adviser Standards and Ethics Authority (FASEA) to set education and training requirements for financial advisers.

› Verified 9 days ago

› Url: https://treasury.gov.au/consultation/c2021-234068 Go Now

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Greater transparency of proxy advice Treasury.gov.au

Details: Given the influential role of proxy advisers in corporate governance in Australia and the high degree of institutional share ownership, the Government is consulting on the adequacy of the current regulatory regime for proxy advice and developing reform options that would strengthen the transparency and accountability of proxy advice.

› Verified 9 days ago

› Url: https://treasury.gov.au/consultation/c2021-169360 Go Now

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Reinsurance pool for cyclones and related flood damage

Details: The Government has also announced $600 million to be invested in a new program of disaster preparation and mitigation, to be managed by the new National Recovery and Resilience Agency. The program will support resilience projects across the community and for individuals homes,

› Verified 8 days ago

› Url: https://treasury.gov.au/sites/default/files/2021-05/c2021-175678_reinsurance_pool_cp.pdf Go Now

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04 The Financial Sector in PNG

Details: Government holding of almost 25 per cent of the shares. The Government™s motor vehicle insurance company (MVIL) owns a further 12 per cent. The bank reconstruction occurred when the regulations empowering the central bank as the banking regulator had been reformed to give it clear roles as an independent authority.

› Verified 6 days ago

› Url: https://treasury.gov.au/sites/default/files/2019-03/04_The_financial_sector_in_PNG.pdf Go Now

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Intangible asset depreciation Treasury.gov.au

Details: In May 2021, the Government announced it will allow taxpayers to self-assess the tax effective lives of certain depreciating intangible assets, such as patents, copyrights and in-house software. This forms part of the Government’s $1.2 billion Digital Economy Strategy.

› Verified 9 days ago

› Url: https://treasury.gov.au/consultation/c2021-213422 Go Now

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Options for mandatory e-Invoicing adoption by businesses

Details: As part of the 2020-21 Budget, the Government announced it would take further action to accelerate the adoption of Peppol e‑Invoicing for the public and private sectors by mandating that all Commonwealth Government agencies must be able to receive Peppol e‑Invoices by 1 July 2022, with large agencies having to do so by 1 July 2021. The

› Verified 9 days ago

› Url: https://treasury.gov.au/consultation/c2020-122716 Go Now

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FACT SHEET ECONOMIC RESPONSE TO THE CORONAVIRUS

Details: The Government is providing temporary cash flow support to small and medium businesses and not-for-profit organisations that employ staff during the economic downturn associated with COVID-19 (novel coronavirus). This will be done through two sets of cash flow boosts delivered from 28 April 2020 to support employers to retain employees.

› Verified 9 days ago

› Url: https://treasury.gov.au/sites/default/files/2020-04/fact_sheet-boosting_cash_flow_for_employers.pdf Go Now

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The effectiveness of fiscal policy in Australia Treasury

Details: Analysing the government bond market also has the advantage that the market is highly liquid, reducing the risk of price discovery. Data are also readily available and collected on a consistent basis. Chart 4: Spread between Australian government and corporate bonds

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› Url: https://treasury.gov.au/publication/economic-roundup-winter-2002/the-effectiveness-of-fiscal-policy-in-australia Go Now

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Improving the technology neutrality of Treasury portfolio

Details: The Government has released exposure draft legislation to modernise business communications by improving the technology neutrality of Treasury portfolio laws. Building on the proposed reforms in the Corporations Amendment (Meetings and Documents) Bill 2021 (the Corporations Amendment Bill) introduced into Parliament in October, the Treasury

› Verified 9 days ago

› Url: https://treasury.gov.au/consultation/c2021-223249 Go Now

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Transforming Australia’s Payments System Treasury.gov.au

Details: Government response 524.63 KB. Government response 466.93 KB. On 8 December 2021, the Government released its response to the Review of the Australian Payments System, the Senate Select Committee on Australia as a Technology and Financial Centre Final Report, and the Parliamentary Joint Committee Corporations and Financial …

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› Url: https://treasury.gov.au/publication/p2021-231824 Go Now

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MySuper Treasury.gov.au

Details: Legislation providing for default superannuation products called 'MySuper' was enacted in 2012. Since 1 January 2014, only funds offering a MySuper product have been eligible to receive default superannuation contributions relating to new employees. From 1 July 2017, all member accounts in default investment options will be required to be invested in MySuper products.

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› Url: https://treasury.gov.au/programs-and-initiatives-superannuation/mysuper Go Now

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Modernising Business Registers (MBR) Program Treasury.gov.au

Details: As part of the 2020 Budget Digital Business Plan, the government announced the full implementation of the Modernising Business Registers (MBR) Program. Legislation which enables the MBR program received Royal Assent on 22 June 2020. The MBR Program will unify the Australian Business Register (ABR) and 31 business registers administered by the

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› Url: https://treasury.gov.au/consultation/c2021-157170 Go Now

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Tax policy formulation in Australia Treasury.gov.au

Details: 2 Australia is a federation, with three levels of government – the federal Australian Government (or the Commonwealth Government), the governments of the six states and two territories, and around 700 local government authorities. One of two major political groups usually forms government, federally and in the states – the Australian Labor

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› Url: https://treasury.gov.au/publication/economic-roundup-issue-2-2013-2/economic-roundup-issue-2-2013/tax-policy-formulation-in-australia Go Now

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Treasury 2021-22 Corporate Plan

Details: Treasury is the Government’s lead economic adviser. Treasury’s purpose is to provide advice to the Government and implement policies and programs to achieve strong and sustainable economic and fiscal outcomes for Australians. This is a significant responsibility which relies on our professionalism, judgement and expertise.

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› Url: https://corporate-plan.treasury.gov.au/ Go Now

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Miscellaneous amendments to Treasury portfolio laws 2022

Details: The attached exposure draft Bill, Regulations and Rules, and supporting explanatory materials cover proposed minor and technical amendments to the Treasury portfolio laws. The community’s views are sought on the proposed amendments. The amendments seek to ensure the law operates as intended by addressing unintended outcomes. The amendments …

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› Url: https://treasury.gov.au/consultation/c2021-226955 Go Now

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Australian Small Business Key Statistics and Analysis

Details: Actively trading small businesses by local government area 78. Appendix C—Text descriptions of figures 86 Bibliography 98. FIGURES. Figure 1: Cumulative firm outcomes after 36 months 7 Figure 2: Outcome distribution by type of nascent firm (Product/Service) after 36 months 8 Figure 3: Employment in nascent and young firms 9

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› Url: https://treasury.gov.au/sites/default/files/2019-03/AustralianSmallBusinessKeyStatisticsAndAnalysis.pdf Go Now

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A history of public debt in Australia

Details: Australian Government’s financial strength, as they are more comprehensive. The difference between the two measures is the inclusion of non-financial assets in net worth. Given concerns surrounding the valuation of non-financial assets and their liquidity in the face of adverse shocks, the Australian Government has decided to use

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› Url: https://treasury.gov.au/sites/default/files/2019-03/01_Public_Debt.pdf Go Now

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Careers Treasury.gov.au

Details: Careers. Treasury is a respected and influential central economic agency. We provide authoritative advice and analysis to the Australian Government on a broad range of economic, fiscal, structural, financial and tax policy issues. We also monitor global economic conditions to make sure Australia is well placed to respond to emerging trends.

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› Url: https://treasury.gov.au/the-department/recruitment-and-careers Go Now

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FinTech Treasury.gov.au

Details: FinTech is reshaping our economy and providing new and exciting opportunities for consumers and businesses. The FinTech ecosystem is becoming increasingly global and Australia is taking action to ensure our FinTech sector can remain at the forefront of international developments. In 2016 the Government established the FinTech Advisory Group, a group made up of …

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Agreement between the Government of Australia and the

Details: Whereas, the Government of the United States of America collects information regarding certain accounts maintained by U.S. financial institutions held by residents of Australia and is committed to exchanging such information with the Government of Australia and pursuing equivalent levels of …

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› Url: https://treasury.gov.au/sites/default/files/2019-03/Australia-US-FATCA-IGA.pdf Go Now

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Commonwealth Bank of Australia

Details: The Government’s Regulator Performance Framework and the Australian Government Guide to Regulation (and associated reform initiatives) have renewed the focus on regulatory reform across government. Equally, the Government’s successful completion of free trade agreements with Japan, China and South Korea will reduce regulatory

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› Url: https://treasury.gov.au/sites/default/files/2019-03/C2014-053_Commonwealth_Bank_of_Australia.pdf Go Now

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