While he announced a suite of measures in the budget in Canberra on Tuesday, ranging from tax breaks for people saving for their first house to fines on foreign investors who leave properties unoccupied, analysts are sceptical they will do much to boost housing affordability.
Qantas CEO Alan Joyce said surprises and uncertainty were not good for business, as he warned against making Australia less competitive. "Alarmingly Treasury officials also confirmed the Government was abandoning normal processes in preparing the legislation".
In addition, Szetho says it wants work with the government as it establishes the new Australian Financial Complaints Authority to "ensure it provides a fair and low-priced outcome for fintech firms who will be subject to its activities".
Morrison outlined plans to deliver A$75 billion in infrastructure funding and financing over the next years as the base of Australia's next growth wave.
"Open data has real potential to drive competition, spur on the development of Australia's fintech sector and ultimately save consumers and small businesses a significant amount of money".
Rumours of the new tax sent bank shares tumbling on Tuesday (May 9), wiping A$14 billion from their value, and the sharp falls continued on Wednesday (May 10).
He said the federal government made an explicit decision not to apply the bank levy to worldwide banks and regional banks in order to level the playing field.
"There is clearly the potential for better days ahead", Mr Morrison said.
She pressed the Treasurer again, quoting comments he made when delivering the budget previous year.
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Flynn previously said, through a lawyer, that he would testify in exchange for immunity. Trump has been digging a hole for himself from the beginning on Russia-related issues.
He said China's April producer price inflation numbers released on Wednesday had clearly peaked, which suggested that the Chinese government may not have to be so prudent with some of its monetary levers.
Mr Shorten is, however, in turn under pressure to say if Labor will support a 0.5 per cent hike in the Medicare levy in two years' time, to help pay for the National Disability Insurance Scheme.
Treasurer Scott Morrison promised to deliver a small A$7.4 billion ($5.4 billion) surplus in 2020/21, an improvement on the A$1.08 billion it forecast in the mid-year review in December.
"Contrary to the Government's claim that the tax will only be levied on banking liabilities, the reality is that it will affect the entire banking system".
Bank executives will also face tougher penalities for misconduct under a tough new new Banking Executive Accountability Regime, which will require all executives to be registered with the regulator.
The government also expects to gain $4 billion this year alone from taxes on big multinational companies.
The new package does away with changes proposed in the 2014 budget, including a 20 per cent cut to university funding and complete deregulation of fees.
Meanwhile, the Australian dollar was trading slightly higher against its U.S. counterpart at 73.56 United States cents at 1700 AEST, up from 73.39 USA cents on Tuesday.
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