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Stay up to date with the latest news and announcements during Australia’s host year.

News
20 Sep 2014 - 9:45am
The G20 has received from the OECD its first recommendations for a coordinated international approach to combat tax avoidance by multinational enterprises. The recommendations come under the G20 and OECD Base Erosion and Profit Shifting Project designed to create a single set of international tax rules to end the erosion of tax bases and the artificial shifting of profits to jurisdictions to avoid paying tax. The recommendations were presented by the OECD’s Secretary-General, Angel Gurría, to Australia’s Treasurer Joe Hockey and the Australian Taxation Office Commissioner Chris Jordan AO, in Cairns on 20 September, ahead of the meeting of Finance Ministers and Central Bank Governors meeting in Cairns.
Transcript External
19 Sep 2014 - 8:15pm
This morning the Treasurers had very productive discussions. Christine Lagarde spent the morning with us talking about some of the challenges in the world economy and we shared war stories of different jurisdictions working together for a common cause. And then in the general discussion of State Treasurers with the Commonwealth, we talked at length about infrastructure and some of the challenges associated with the rollout of infrastructure across Australia.
Transcript
19 Sep 2014 - 6:00pm
As will be obvious over the weekend, there’s lots of crosscurrents in the world economy, and we’ve all got a collective obligation to make sure Australia meets some of those challenges head on and beats them. Essentially, from an economic perspective, I'm very, very optimistic about Australia and where we’re going. We've got a lot of work to do, but we all have a collective responsibility to do that.
Transcript
19 Sep 2014 - 4:00pm
Thank you so much, everyone, for coming along to what is an important discussion about infrastructure. As a number of the ministers here know, the empowerment of the private sector in partnership with government in the delivery of infrastructure is going to be a game changer for the world over the next few years in the trajectory of growth. Identifying ways that we can better involve the private sector in the delivery of infrastructure is hugely important for the G20. Effectively, governments around the world have run short of money.
Transcript
19 Sep 2014 - 4:45pm
There are a number of things I’d like to talk about. People often talk about the potential of Northern Australia. That potential is quite obviously real and large. We should also recognise that Northern Australia already plays an incredible role in our economy. In 2013, Northern Australia was responsible for the two thirds of Australia's minerals and fuels exports. Similarly, over half our sea-based exports were through ports in Northern Australia. However, for Indigenous communities, many have not seen immense benefits that this economic benefit has delivered to the nation as a whole. As the Prime Minister reiterated during his stay in Arnhem Land this week, we must do better for Indigenous Australia.
Media Release
19 Sep 2014 - 3:00pm
Today, I met with State and Territory Treasurers in Cairns ahead of the G20 meetings to discuss how we can drive greater growth and prosperity across the country.
Transcript
19 Sep 2014 - 1:45pm
Thank you very much for coming along. I thought all the stands would be full of people, but perhaps not! Jack, can I welcome you formally back to Australia. You are a great friend of Australia. And certainly in our discussions you have been a terrific friend of mine. I appreciate the time that you have taken to come out. It is a long way from the United States, I am sure you have a lot on your plate. I will ask you to say a few words and then I will say a few words. And then we will move on.
Transcript
18 Sep 2014 - 7:00pm
Question: Everything’s ready by the looks of things? Treasurer: It looks terrific, the welcome is fantastic. This morning I went for a walk on the boardwalk at 5am and everyone is full of energy and cheering, and saying “welcome to Cairns”. It’s just something that’s part of the fabric of the region – it’s just a great story. Question: You mentioned Mr. Osborne in there. Do you have any other word on who is coming? Have you heard if Russia will have a delegation? Treasurer: Russia will have a delegation. It will be, on this occasion, led by the Deputy Finance Minister, who has handled a lot of the international affairs for the Russians at the G20. Question: Not such a warm welcome to the Cairns Institute this afternoon? The protestors were hoping to have a meeting with you, but apparently you didn’t have much time in the diary for them. Treasurer: It’s been a pretty tight diary.
Transcript
18 Sep 2014 - 2:45pm
Good afternoon and thank you for your kind invitation to speak at this conference. I’d like to thank Professor Sandra Harding and her team here at James Cook University for producing the State of the Tropics report. I would also like to thank Cairns Council and Mayor Bob Manning for their hospitality. It’s great to be here in Cairns, a leader in tropical research.
Media Release
17 Sep 2014 - 1:30pm
Treasurer Joe Hockey and Member for Leichhardt Warren Entsch today congratulated 14 Queensland school students for winning a prize in the G20 Cairns School Art Competition.

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