The Turnbull Government’s robust new foreign investment regime comes into force today, providing stronger enforcement and a better resourced system with clearer rules for foreign investors, Treasurer the Hon. Scott Morrison announced today.

“The Government welcomes foreign investment that is not contrary to our national interest. Without foreign investment, production, employment and income would all be lower. But it is important that foreign investment is appropriately monitored to ensure that it benefits all Australians,” Mr Morrison said.

At its meeting today, the Board decided to leave the cash rate unchanged at 2.0 per cent.
The global economy is expanding at a moderate pace, with some softening in conditions in the Asian region, continuing US growth and a recovery in Europe. Key commodity prices are much lower than a year ago, reflecting increased supply, including from Australia, as well as weaker demand. Australia’s terms of trade are falling.

Statement by Glenn Stevens, Governor: Monetary Policy Decision   The Federal Reserve is expected to start increasing its policy rate…

With the news that all of the big four banks have lifted their interest rates on owner occupier home loans,…

At its meeting today, the Board decided to leave the cash rate unchanged at 2.0 per cent. Statement by Glenn…