Media releases

2021

Consumer Data Right rolled out to the energy sector

The Morrison Government has today released amendments to the Consumer Data Right Rules (version 4 of the rules) that will expand the Consumer Data Right (CDR) to the energy sector.

Superannuation portfolio holdings disclosure

In a major boost to superannuation transparency, Australians will have access to information about how superannuation funds are investing their money following the finalisation today of new regulat

From today 'Your Super Follows You'

As part of the most significant suite of reforms to superannuation in nearly 30 years, the Morrison Government is helping to safeguard Australians’ retirement by ensuring their superannuation follo

Director IDs now available online for 2.7 million Australians

Australia’s 2.7 million company directors can now quickly and easily apply for their new Director identification numbers (director ID), using the Australian Business Registry Services (ABRS) websit

Government meets legislative commitments in response to Hayne Royal Commission

The Morrison Government has today introduced legislation into Parliament to establish the Financial Accountability Regime and the Compensation Scheme of Last Resort.

Enhancing the super system and driving business investment

The Morrison Government has today introduced into Parliament the Treasury Laws Amendment (Enhancing superannuation outcomes for Australians and helping Australian businesses invest) Bill 2021,

Better Advice Bill passes parliament

The Morrison Government has today passed the Financial Sector Reform (Hayne Royal Commission Response—Better Advice) Bill 2021 (Better Advice Bill) and has fulfilled its commit

Supporting Australia’s FinTech sector

The Morrison Government is supporting Australia’s thriving fintech sector to attract record investment, talent and to create more Australian jobs.

Increased child care support brought forward

Around 250,000 Australian families will now benefit from increased Child Care Subsidy (CCS) from 7 March 2022, four months earlier than first expected.

New rules to support participation in Australia’s Consumer Data Right

The Morrison Government has today made amendments to the Consumer Data Right Rules (version 3 of the rules) that will support increased participation in the Consumer Data Right (CDR) by businesses

Better Advice Bill – Exposure Draft Regulations

The Morrison Government has today released for consultation exposure draft regulations and a draft legislative instrument underpinning the Financial Sector Reform (Hayne Royal Commission Respon

Release of Retirement Income Covenant Exposure Draft

The Morrison Government has today released exposure draft legislation that will introduce a Retirement Income Covenant to give retirees the confidence to spend their superannuation savings, while e

Morrison Government’s expanded Career Revive program supports increased women’s workforce participation

The Morrison Government’s expansion of its Career Revive program is supporting businesses to attract and retain women returning to work after a career break.

Review of occupational exclusions in default insurance in MySuper products

Today the Morrison Government released a consultation paper inviting stakeholder submissions on occupational exclusions in default insurance offered through MySuper products.

Improving the visibility of superannuation assets in family law proceedings

The Morrison Government has today passed through Parliament legislation to improve the visibility of superannuation assets in family law proceedings.

Your Future, Your Super reforms reveal underperforming MySuper products

As part of the most significant changes to superannuation in nearly 30 years, the Morrison Government is holding underperforming funds to account and strengthening protections for the retirement sa

ASIC red tape reduction unit welcomed

The Morrison Government has today welcomed the Australian Securities and Investment Commission’s (ASIC) plan to create a dedicated unit focussing on minimising regulatory costs for businesses and c

Review of Australia's payments system

The Morrison Government has today released the final report of the Payments System Review, which considered whether the regulatory architecture of the Australian payments system is fit‑

Temporary and targeted relief on ASIC levies for financial advisers

The Morrison Government is today announcing temporary and targeted relief for financial advisers by reducing the cost recovery levies charged by the Australian Securities and Investments Commission

Superannuation portfolio holdings disclosure

The Morrison Government has today released for consultation exposure draft regulations underpinning superannuation fund portfolio holdings disclosures to members, part of the Your Future, Your Supe