The proposed housing affordability package in the May budget will target people relying on social housing as well as those trying to break into the market.
The federal government is still trying to convince senate crossbenchers to pass a company tax cut but tax experts and economists dispute all of its supposed benefits.
Scandals, elections, budgets, 2016 had it all. Here's what made news in business and economics.
The government has made a concerted bid to reinforce Australia's AAA credit credentials by ensuring the budget is still projected to return to surplus in 2020-21.
After the national accounts showed the economy going backwards in the September quarter, Scott Morrison called for "partners" in the parliament to drive the government's economic plan through.
The backpacker tax deadlock has been broken with a deal between the government and the Greens for a 15% rate that will be lower in effective terms because backpackers will keep extra superannuation.
The Turnbull government has finally passed its signature legislation to restore a tough watchdog in the construction industry.
The government has made another retreat on its backpacker tax, dropping its proposed rate from 19% to 15% in a deal that will get through the Senate crossbench.
The federal deficit will be worse in 2017-18 than predicted in the May budget, despite some easing in the delays imposed by the Senate, Deloitte Access Economics' budget monitor predicts.
A snapshot of the availability of jobs has shown limited employment opportunities for disadvantaged job seekers, indicating the need for a new approach to getting these people into work.
The government will push states to remove unnecessary residential land use planning regulations that are impeding the supply of housing, Treasurer Scott Morrison will say in a major speech.
The large banks and AMP will be required to fund the establishment of a new independent body to oversee the professional standing of the much-criticised financial services industry.
Australia needs to speed up the spread of ideas across the economy in its quest for higher living standards, Martin Parkinson has said.
Gina Rinehart has partnered with a Chinese company to buy the giant Kidman pastoral empire, after two previous bids by Chinese buyers were rejected by the federal government.
The government will impose an increase in the departure tax and claw back more superannuation from holiday makers departing Australia.
Federal cabinet on Tuesday is due to consider a compromise on the backpacker tax, as the government moves to clear away the issue as soon as possible.
A government-Labor deal will see the passage of $6.3 billion in savings over the forward estimates in the Coalition's omnibus bill.
The Sydney property market creates shocks that spill over to other capital cities, and Hobart is the worst affected, new research shows.
Tony Abbott has exhorted the government to stand up for reform and avoid new spending that does not promote growth.
Bill Shorten has proposed specific changes to the budget's controversial superannuation reforms, which have been under attack from the conservatives in the Coalition ranks.
Bill Shorten on Wednesday will propose a budget repair package worth $8 billion over the forward estimates.
Scott Morrison has formally ruled out Chinese companies obtaining a 50.4% share of Ausgrid.
Moody's has reaffirmed Australia's AAA credit rating, as Malcolm Turnbull seeks to put pressure on Labor and crossbenchers to pass measures to help repair the budget.
Scott Morrison has rejected Chinese bids for the 99-year lease of 50.4% of Ausgrid, the NSW electricity distribution system, for security reasons.
The challenges ahead for Australia include sustaining a stronger growth outlook.