Coronavirus (COVID-19) updates from the Australian Government

Stream Three: Secure the long-term safety and sustainability of our financial system

Date
  • Allow Australian banks, credit unions and building societies to issue covered bonds — diversify and strengthen funding for our financial system to secure its safety and sustainability in the decades to come, and harness our national superannuation savings to domestically fund more productive investment in our economy.
  • Develop a deep and liquid corporate bond market — launch trading of Commonwealth Government Securities on a securities exchange, with Treasury to also finalise reforms to further reduce red tape associated with issuing corporate bonds to retail investors, to reduce our reliance on offshore wholesale funding by engaging our national savings.