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“We are concerned at the advantage secondary changes would give to multinational technology and payments companies – who would remain largely unregulated – over Australian banks who primarily fund critical infrastructure, like fraud prevention”

“The industry effectively still has one foot in the old world of banking and one foot in the new world. At some point, the weight of their customer behaviour and the customer shift is going to require them to put both feet in the new world. And it’s very hard to predict what date that’s going to happen.”

“A more diverse banking sector is good for competition, good for consumers, good for industry and good for the economy.”

“While some businesses may benefit under this proposal, it risks all Australian consumers and businesses paying more for the things they buy every day—groceries, fuel and other daily essentials.”

‘It makes sense that consumers know the final price before they get to the checkout. Banks will work with the Government to provide Australians with more certainty and transparency on the costs of digital payments.’

“…I’ll write to regulators across Government seeking specific, measurable actions to reduce compliance costs without compromising standards.”

“Just as co-operation between different levels of government is vital to securing the services and support that Australians expect and deserve, co-operation between government, business and unions is essential to securing our future growth and prosperity.”

“This is the ninth consecutive month where headline inflation has been in the target band and the fifth consecutive month that underlying inflation has been in the target band. It’s actually the longest period where both measures of inflation have been in the target range since this monthly data started being collected in 2018.”

“We’ve got a number of priorities – first of all managing that uncertainty, also we’ve got a major focus on productivity, we need to make our economy more productive over time.”

“Our relationships with the world are critical. Just one little fact is one in four of our jobs is trade dependent”

“We’ve made about $10 billion worth of commitments, four billion of those were in the Budget or the PEFO, and the other six billion have been more than offset by the Budget improvements that Katy Gallagher and I announced on the other side of the river yesterday.”

“First, we’re not currently seeing the same degree of impact as previous market events like in 2008 for example. And second, the Australian financial system is strong and well placed to absorb shocks from abroad.”