Media releases

2010

Short and Simple Product Disclosure Statements

The Rudd Government welcomed new regulations prescribing short and simple product disclosure documents for margin loans, superannuation and simple managed investment schemes that commenced yesterda

National Consumer Credit Protection Amendment Regulations

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

Government Releases Market Supervision Fees Regulations

The Minister for Financial Services, Superannuation and Corporate Law, Chris Bowen MP, has this morning released draft regulations that set out how the Australian Securities and Investments Commiss

Appointment of Ian Laughlin to the Australian Prudential Regulation Authority

The Government today announced the appointment of Mr Ian Laughlin as a member of the Australian Prudential Regulation Authority (APRA) for a three-year period commencing on 1 July 2010.

Newspoll: Australians Back 12% Superannuation Guarantee

A Newspoll survey released by the Australian Institute of Superannuation Trustees (AIST) confirms that an overwhelming majority (73%) of Australians support the Rudd Government's plan to increase t

Future of Financial Advice Reforms Coalition Short on Policy and Detail

The Shadow Minister against Financial Services and Superannuation has been caught out making comments based on newspaper headlines rather than checking the facts.

Coalition Out of Depth on Policies to Grow Australia as a Global Financial Services Centre

Today the Shadow Minister against Superannuation has proved that he is also the Shadow Minister against Australia becoming a global financial services centre.

Legislation Reversing Sons of Gwalia Introduced into Parliament

The Minister for Financial Services, Superannuation and Corporate Law, Chris Bowen MP, today introduced a Bill into Parliament to give effect to the Government's decision to reverse the High Court'

Government Introduces Legislation to Cut Red-Tape for Business

The Minister for Financial Services, Superannuation and Corporate Law, Chris Bowen MP, today introduced a Bill into Parliament to reduce red-tape on business and improve Australia's corporate repor

Coalition Backflip on Australia's Future as a Financial Services Hub

The Coalition has abandoned Australia's strategy of becoming a major financial services hub by opposing the historic reforms to interest withholding tax (IWT) announced in the Budget, the Minister

Coalition Silence on Super Broken by a Backflip

Those 8.4 million Australians disappointed at the Coalition's opposition to an increase in their retirement incomes were dealt a further blow today with Andrew Robb's confirmation of another Coalit

Government Releases Draft Legislation to help put an end to Below-Value Unsolicited Share Offer Scams

The Minister for Financial Services, Superannuation and Corporate Law, Chris Bowen MP, has today released draft laws giving effect to the Government's commitment to clamp down on unsolicited share

Registration to Commence for Free Small Business Superannuation Clearing House

The Minister for Human Services, Chris Bowen MP, and the Minister for Small Business, Craig Emerson MP, today announced that eligible small businesses will be able register to use the Government's

Government Releases Draft Legislation Cracking Down on Insider Trading and Other Market Offences

The Minister for Financial Services, Superannuation and Corporate Law, Chris Bowen MP, has today released draft legislation giving effect to the Government's commitment to crack down on market offe

Australian Financial Services Minister Meets with Malaysian PM

The Minister for Financial Services, Superannuation, and Corporate Law, Chris Bowen MP, has this evening met with the Malaysian Prime Minister, Dato' Sri Mohd Najib bin Tun Abdul Razak in Kuala Lum

Hockey Super Silence

The Coalition has today moved from sound bites to silence on superannuation.

Abbott's Superannuation Policy - The Road to Nowhere

Tony Abbott can't seem to move from sound bites on super to developing policies that will lead to security and dignity for working Australians in retirement.

Rudd Government Commences Consultation on Future of Financial Advice Reforms

The Minister for Financial Services, Superannuation and Corporate Law, Chris Bowen MP, today announced the commencement of consultation on the Future of Financial Advice reforms announced

Abbott a Risk to Australia's Retirement Incomes

Tony Abbott failed to come clean with the Australian people about his designs for their retirement incomes in last night's Budget-in-Reply speech.

Government Releases Draft Market Supervision Regulations

The Minister for Financial Services, Superannuation and Corporate Law, Chris Bowen MP, has today released an exposure draft of regulations which support the legislation that transfers responsibilit