Media releases

2010

Kathleen Farrell Appointed Takeovers Panel President

The Minister for Financial Services, Superannuation and Corporate Law, Chris Bowen MP, tonight announced the appointment of Kathleen Farrell as President of the Takeovers Panel from 1 September 201

Reappointment of Merran Kelsall as Chairman of The Auditing and Assurance Standards Board

The Minister for Financial Services, Superannuation and Corporate Law, Chris Bowen MP, today announced the reappointment of Ms Merran Kelsall as the Chairman of the Auditing and Assurance Standards

Government Commences the Next Stage in the Development of an Investment Manager Regime

The Gillard Government has today commenced a further stage in the development of an investment manager regime (IMR) by requesting that the Board of Tax consider the design of an IMR as part of its

Board of Taxation Review of Collective Investment Vehicles Tax Regime

The Assistant Treasurer, Senator Nick Sherry, and Minister for Financial Services, Superannuation and Corporate Law, Chris Bowen MP, today announced the Terms of Reference for a

Financial Services Minister to Meet Senior US Administration Officials

The Minister for Financial Services, Superannuation, and Corporate Law, Chris Bowen MP, is in Washington this week where he will meet with senior US Administration Officials and key members of the

Minister Announces ASIC to Take Over Supervision of Australia's Financial Markets From 1 August 2010

The Minister for Financial Services, Superannuation and Corporate Law, Chris Bowen MP, today announced that the transfer of supervisory responsibility for Australia's domestic licensed financial ma

Release of Green Paper on Phase Two of the COAG National Credit Reforms

The Minister for Financial Services, Superannuation and Corporate Law, Chris Bowen MP, today announced the release of the

Government Releases Cooper Review into Superannuation

The Government welcomes the final report of the review into the governance, efficiency, structure and operation of Australia's Superannuation System (the Cooper Review).

National Consumer Credit Protection Amendment Regulations

The Minister for Financial Services, Superannuation and Corporate Law, Chris Bowen MP has welcomed the release of regulations which make amendments and enhancements to the existing National Consume

Breakthrough Agreement Delivers Long Term Economic Reform and Boost to Superannuation

Today's announcement of a breakthrough agreement between the Gillard Government and the resources industry on tax reform will see an historic boost to national savings and Australian's retirement i

Standard Business Reporting Opens for Business

With the commencement today of Standard Business Reporting (SBR), Australia has moved one step closer to a seamless national economy, the Minister for Finance and Deregulation, Lindsay Tanner MP, a

Self-Funded Retirees to Benefit from an Extension in Drawdown Relief for Account-Based Pensions

The Gillard Government will continue to support self-funded retirees by extending the drawdown relief currently provided for account-based superannuation pensions to the 2010-11 year.

Reportable Employer Superannuation Contributions

The Minister for Financial Services, Superannuation and Corporate Law, Chris Bowen MP, has today announced a reform to clarify the scope of the reportable employer superannuation contributions defi

Corporate Reporting Regulations Approved

The Minister for Financial Services, Superannuation and Corporate Law, Chris Bowen MP, has welcomed the final approval of Regulations to accompany legislation passed by Parliament last week to redu

New National Consumer Credit Laws Protect Consumers From Predatory Lenders

Stronger standards for banks and financial institutions against unfair lending practices are the key features of historic national reforms to credit launched in Melbourne today.

Government Moves on Unfair Mortgage Exit Fees

The Gillard Government today announced key reforms to help deal with unfair mortgage exit fees.

Government Introduces Legislation to Crack Down on Unsolicited Share Offers and Insider Trading

The Minister for Financial Services, Superannuation and Corporate Law, Chris Bowen MP, has today introduced legislation to stamp out unsolicited, below-value share offers and to crack down on insid

Parliament Passes Legislation to Cut Red-Tape for Business

The Minister for Financial Services, Superannuation and Corporate Law, Chris Bowen MP, has welcomed today's passage of legislation that will reduce the red-tape burden on business and improve Austr

Ministers Sign Revised Memorandum of Understanding

The Australian and New Zealand Government today signed a revised Memorandum of Understanding (MOU) on the Coordination of Business Law.

National Consumer Credit Protection Amendment Regulations – Referrers and Temporary Employees

The Minister for Financial Services, Superannuation and Corporate Law, Chris Bowen MP today announced minor changes to the National Consumer Credit Law with respect to the exemption of the referral