Prime Minister Malcolm Turnbull made the announcement after Treasurer of Australia Scott Morrison delivered a voter friendly budget.

Rich get the benefits from ScottMorrisonMP's tax reforms #Budget2016 https://t.co/6zzsIhXGVi pic.twitter.com/pY29fOEfKb\u2014 ABC News (abcnews) May 3, 2016

Multinational companies that move profits offshore to avoid tax will now be penalised. Those guilty of such activities will pay a penalty tax of 40 percent instead of the usual 30 percent. Turnbull claimed the budget was a long-term economic plan for Australia, not just an attempt to win votes. The economy will be a major battleground in the election campaign as Australia attempts to diversify away from a mining boom now bust. Climate change and trade union corruption in the Australian building industry will also feature.

#qt: Smears: Now gutter politics from the PM who says lower-paid workers can't trust Bill Shorten #auspolpic.twitter.com/zVpyf2l4QX

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Australia votes on July 2 after PM Turnbull calls election

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By Euronews  with Agencies
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Australia votes on July 2 after PM Turnbull calls election

No more speculation Australia goes to the polls on July 2.


Before becoming the leader of the opposition Labor Party Bill Shorten was a senior official in the Australian Workers Union targeted by a government-commissioned inquiry into union corruption.