What Turnbull says about the year ahead

KEY POINTS FROM MALCOLM TURNBULL'S PRESS CLUB ADDRESS

* Australia must continue to compete aggressively in its exports.

* Lowering business taxes is critically important.

* Committed to making sure there are great teachers in great schools.

* "Balancing the budget can sound a bit prosaic - something to satisfy the tidy instincts of the bean counters - but it is a profound moral issue."

* Australians are entitled to expect politicians will spend their money appropriately on expenses. Recommits to an overhaul of expenses with an independent oversight body and monthly disclosures.

* Political donation reform is important to give Australians confidence the electoral process is free from foreign intervention.

* "Keenly understands" how many families are struggling as it feels like the price of everything is going up faster than wages.

* Wants Senate support for passing a new bill that combines an overhaul of childcare fee subsidies with the welfare cuts to pay for it.

* Promises continued record spending on health and says there will be a particular focus on preventative health.

* Will make housing affordability a priority but says "there are no quick fixes or silver bullets".

* "The battlelines have been drawn: it is clear that the coalition stands for cheaper energy."