The federal government will consider tax and regulatory preferences to make Australia an international financial services center.
Finance Minister Josh FRydenberg considered early the call of Liberal Senator Andrew Bragg and financial services leaders to promote the establishment of a regional financial center because he also hopes to promote the economic recovery that has been hit hard by the new crown epidemic. Senator Bragg, a former policy advisor to the Financial Services Commission, has sent FRydenberg to suggest that the government reform in the October federal budget to become a reliable financial center in the Asia-Pacific region.
Prime Minister Scott Morrison has stated recently that the Australian government will “look for new incentives and arrangements to attract export-oriented Hong Kong companies to relocate to Australia” and actively attract Hong Kong entrepreneurs.
