Australians could be in for relief when it comes to income tax and insurance levies as the Federal Government considers increasing the GST.

Treasurer Scott Morrison said while a range of measures were being discussed, nothing was yet to be formally tabled.

He did, however, say income – not consumption – taxes were his focus.

State insurance levies are also in the gun.

‘They cost Australians around $6 billion a year,’ Mr Morrison said.

WATCH below as Scott Morrison explains more on 3AW Mornings