Why is our government making changes to trusts?  Because nurses, teachers, aged care workers and other wage earners are paying too much tax.  And those earning income from property investments, shares and other assets need to help a little bit more.  These changes will make the tax system fairer.  And help get the government into a position where we can pay for services we all rely on, like Medicare and our world-class hospitals, and give further tax cuts to those doing it toughest.

Housing in Australia is really tough. A year ago today, we opened up the 5% deposit program to all first home buyers. Since then, more than 100,000 people have used it to get the keys to their first home. There is so much more work to do to make housing more affordable for Australians. But we are making real progress on a problem that has been decades in the making.