Media releases

2015

Early access to superannuation for people with terminal illness

The Government will amend the provision for accessing superannuation for people suffering a terminal illness.

Wine Equalisation Tax rebate discussion paper

The Government will ask the Treasury to prepare a discussion paper on the operation of the Wine Equalisation Tax (WET) rebate to help inform consideration of the issue as part of the Tax White Pape

Providing more certainty and better outcomes for taxpayers

The Government is committed to providing more certainty and better outcomes for taxpayers and reducing the regulatory burden on individuals, business and community organisations.

Constructive roundtable on lifting financial adviser standards

On 29 April 2015, I hosted a roundtable with peak industry bodies, consumer groups, respected academics, and the Chairman of the Australian Securities and Investment Commission, Greg Medcraft.

Superannuation Complaints Tribunal chair appointed

The Government is pleased to announce the appointment of Ms Helen Davis as the full‑time Chairperson of the Superannuation Complaints Tribunal for a five‑year period.

Improvements to the tax rules for debt and equity

Today the Government is releasing the Board of Taxation’s review

Northern Australia Insurance Premiums Taskforce

The Government is establishing a taskforce to explore options for reducing home, contents and strata insurance premiums in Northern Australia.

Review of Retail Life Insurance Advice

The Government welcomes the release of the Review of Retail Life Insurance Advice, chaired by John Trowbridge.

Professional standards of financial advisers

The Government is releasing a consultation paper and calling for submissions on ways to lift the professional standards of financial advisers.

Two men sentenced in Australia's largest insider trading case

Two men were sentenced to jail terms of 7 years and 3 months, and 3 years and 3 months respectively in the Victorian Supreme Court today for their roles in Australia’s largest insider trading schem

Government delivers exploration development incentive and other key taxation improvements

The Government has secured passage through the Senate of reforms that provide incentives for mineral exploration and remove punitive tax rates on excess superannuation contributions.

Cutting red tape for Australian companies

The Coalition Government has delivered a $14 million annual saving for Australian companies, local clubs and associations by cutting unnecessary and costly red tape.

Asia Region Funds Passport Rules released for public consultation

Today the Government is releasing the internationally negotiated rules for the Asia Region Funds Passport (Passport) for public consultation.

Report by Inspector-General of Taxation

The Government has today released the report by the Inspector-General of Taxation, The Management of Tax Disputes.

Government calls for consultation on crisis resolution regime for financial market infrastructures

Today the Government is releasing a consultation paper and calling for submissions on a potential crisis resolution regime for financial market infrastructures.

Public consultation commences on proposals to lift the professional, ethical and education standards in the financial services industry

The Government welcomes the recent report from the Parliamentary Joint Committee on Corporations and Financial Services (the Committee) on its inquiry on proposals to lift the professional, ethical

Further red tape reductions passed by the Senate

The Government is getting on with the job of cutting red tape and regulation.

Review of competition in clearing Australian cash equities

The Government is committed to promoting safe and efficient financial markets that drive economic growth.

Board of Tax report on tax and small business

Small business is the engine room of the economy and a key driver of jobs growth in Australia.

Inspector-General of Taxation report on the Australian Taxation Office's administration of valuation matters

The Assistant Treasurer, the Honourable Josh Frydenberg, today released the Inspector-General of Taxation's Review into the Australian Taxation Office's (ATO) administration of valuation matter