Media releases

2014

Opening the door to more mineral discoveries

Junior exploration companies will soon have access to an incentive for capital raising to help them make more mineral discoveries that are crucial to the resources sector and the broader Austral

Over $80 million in efficiencies as Government consolidates property

The Department of Veteran Affairs and the Australian Taxation Office have agreed to co-locate their Canberra offices, which will result in approximately $84 million in efficiencies.

Consultation on central clearing of OTC derivatives - next step for G20 reforms

The Assistant Treasurer, Senator the Hon Arthur Sinodinos AO, today released a proposals paper canvassing the introduction of a limited obligation for central clearing of certain over‑the‑counte

Addressing Consumer Credit Protection Shortfalls

The Assistant Treasurer, Senator the Hon Arthur Sinodinos AO, has today announced the Government will explore options to address problems with indefinite and short term leases, creating new safegua

Inspector-General of Taxation: release of reports on the ATO’s compliance approaches to individuals and use of risk assessment tools

The Assistant Treasurer, the Hon Arthur Sinodinos AO, has today released reports by the Inspector‑General of Taxation including:

Stability for the SuperStream gateway network

The Assistant Treasurer, Senator the Hon Arthur Sinodinos AO, today announced arrangements to provide certainty and stability to the superannuation industry by setting in place a governance struc

ASIC roundtable on corporate governance

The Assistant Treasurer, Senator the Hon Arthur Sinodinos AO, today announced that the Australian Securities & Investments Commission will convene a roundtable to explore how to more effectivel

The facts on the Coalition Government’s Future of Financial Advice (FOFA) amendments

The Assistant Treasurer, Senator the Hon Arthur Sinodinos AO, today set the facts straight about the Government's FOFA reform package.

Amendments to the Farm Management Deposits Scheme

The Assistant Treasurer, Senator the Hon Arthur Sinodinos AO, today announced that the Government will amend the Farm Management Deposit (FMD) scheme to exclude FMDs from the operation of the uncla

Public Consultation on Consumer Credit Regulations

The Assistant Treasurer, Senator the Hon Arthur Sinodinos AO, today released for public consultation draft regulations to enhance consumer protection for Australians who may need to borrow 'payday'

Delivering a more efficient Government - Superannuation

The Assistant Treasurer, Senator the Hon Arthur Sinodinos AO, today announced that he was streamlining the consultation arrangements for superannuation as part of the Government's efficiency reform

Offshore Banking Unit reforms

The Assistant Treasurer, Senator the Hon Arthur Sinodinos AO, today announced that1 July 2015  will be the start date for reforms to the Offshore Banking Unit regime that were originally announced

Future of financial advice (FOFA) amendments released for public consultation

The Government is progressing reforms to deliver affordable and accessible financial advice.

Life made Easier for Small Business

The Federal Government has moved to make life easier for small business, taking the first step to reduce the compliance burden employers’ face when making superannuation contributions for their wor

2013

Delivering affordable and accessible financial advice

The Assistant Treasurer, Senator the Hon Arthur Sinodinos, today announced reforms to the Future of Financial Advice (FOFA) legislation.

Appointment of second commissioner to the Australian Taxation Office

The Assistant Treasurer, Senator the Hon Arthur Sinodinos AO, today announced the appointment of Andrew Mills as a full-time Second Commissioner to the Australian Taxation Office (ATO) for a seven-

Deductible gift recipient status for Prince’s Charities Australia

The Assistant Treasurer, Senator the Hon Arthur Sinodinos AO, welcomes the announcement, in the Mid-Year Economic and Fiscal Outlook 2013-14, that Prince's Charities Australia will be able

Labor wrong again on GST

The Assistant Treasurer, Senator the Hon Arthur Sinodinos AO, today accused the Labor Party of hypocrisy over the GST.

Superannuation discussion paper released for comment

Restoring stability and certainty to our superannuation system is a key aspect of the Government's agenda to build a strong and prosperous economy.