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Treasurer Scott Morrison says ‘this is not a time to be splashing money around’. Mick Tsikas/AAP

Election budget sends companies sweeteners to drive growth

The Turnbull government has promised company tax cuts to stimulate investment and action to prevent middle-income earners moving into a higher tax bracket, in a budget that will launch its election campaign.
Scott Morrison told a news conference the Turnbull government welcomed foreign investment where it was consistent with Australia’s national interest. Mick Tsikas/AAP

Kidman sale to Chinese given preliminary ‘no’

Treasurer Scott Morrison has announced that his "preliminary decision" is that the purchase of the Kidman pastoral empire by a Chinese-dominated buyer "is contrary to the national interest".
A Bill Shorten led Labor government would introduce a two-phase emissions trading scheme. Dan Himbrechts/AAP

Labor unveils phased emissions trading scheme

A Labor government would bring in its emissions trading scheme in two stages, together with a separate scheme for the electricity sector.
Peter Dutton said Australia was not a party to the case and the finding did not alter its border protection policies. Lukas Coch/AAP

PNG asylum seeker judgment doesn’t bind Australia: Dutton

The Australian government says it will not allow any asylum seekers on Manus Island to come here, after PNG's Supreme Court ruled it was illegal to detain them there.
Malcolm Turnbull said the ‘vast bulk’ of the work on the submarines would be done in Adelaide. Lukas Coch/AAP

French firm DCNS wins $50 billion submarine contract

The French have defeated German and Japanese bids to win the $50 billion contract to build Australia's 12 new submarines, which will be constructed in Adelaide.
Malcolm Turnbull says businesses and governments must better educate and empower employees to use sound practices online. Mick Tsikas/AAP

Turnbull warns of growing cyber aggression

Australian public and private sector organisations and individuals are facing malicious cyber activity that is unprecedented in scale and reach, Malcolm Turnbull warns.
Scott Morrison told a joint news conference with Assistant Treasurer Kelly O'Dwyer that the banks would pay an additional $121 million to increase the resources of ASIC. Lukas Coch/AAP

Morrison warns banks not to pass on new ‘user-pays’ impost to finance ASIC reform

Scott Morrison has warned the banks not to pass on to customers the $120 million user-pays charge imposed on them to finance a strengthened Australian Securities and Investments Commission.