The Australian Treasurer Morrison will announce the mid- year fiscal review on December 19 (Mid-year Economic and Fiscal Outlook, aka MYEFO)

I've posted in this and what the implications are last week: ANZ on Australia's credit rating 'in the spotlight as MYEFO approaches'

Treasurer Morrison is desperate to raise more tax revenue to stabilise government receipts, addressing the media this morning:

  • Petroleum resource rent tax to be reviewed
  • Review triggered by falling revenues
  • Review is to ensure resource companies pay 'fair share' of tax

Bloomberg headlines

When you see $1 lying on the floor