Australia Treasurer Morrison: Income growth is weak - 7N

Speaking at the Australia-Israel Chamber of Commerce in Melbourne on Friday, the Australian treasurer Scott Morrison shared his view on the “earning problem” persisting in the OZ economy, 7News (7N) reports.

At the conference, Mr. Morrison announced that the government had begun negotiations with Israel on a tax treaty to improve trade and investment by removing tax barriers for business. The treasurer said he hoped to conclude the deal in the first half of 2017.

Key Quotes:

There was an "earnings problem"

"We want to see this change. We want Australians to earn more so they are in a stronger position to improve their living standards"