Media releases

2019

Government reforms driving competition and fairer energy deals

The Australian Competition and Consumer Commission (ACCC) has found that access to affordable, reliable and sustainable energy is improving on the back of strong action taken by the Liberal Natio

Taking action on the Banking, Superannuation and Financial Services Royal Commission – Consultation on new financial product design and distribution obligations

The Coalition Government has today released for consultation exposure draft regulations to support the operation of updated Design and Distribution Obligations for financial products.

Supporting first home buyers

Today the Morrison Government introduced legislation to implement the First Home Loan Deposit Scheme (the Scheme), and the National Housing Finance and Investment Corporation's (NHFIC) new resear

Delivering Deregulation for Australian Business

The Government today announced the first three priority areas for its Deregulation Taskforce.

Taking action on the Banking, Superannuation and Financial Services Royal Commission - Recommendation 2.4: Grandfathered Commissions

The Coalition Government yesterday passed legislation through the House of Representatives to end the payment of grandfathered conflicted remuneration to financial advisers.

Taking action on the Banking, Superannuation & Financial Services Industry Royal Commission – Consultation on new ASIC powers to strengthen financial regulators

The Morrison Government is continuing to deliver on the commitments set out in its Banking, Superannuation and Financial Services Industry Royal Commission Implementation Roadmap

National Accounts - June Quarter

Today’s National Accounts show that the Australian economy has completed its 28th consecutive year of economic growth – a reco

ACCC finds consumers are paying too much in foreign transaction fees

The Coalition Government has today released the final report of the Australian Competition and Consumer Commission's (ACCC) Foreign Currency Conversion Services Inquiry.

More power over energy bills for consumers

The Morrison Government will give consumers more power to compare and switch providers to lower their energy bills by officially extending the Consumer Data Right to energy services.

Taking action on the Financial Services Royal Commission

The Morrison Government is releasing exposure draft legislation today that will improve outcomes for consumers by introducing a best interests duty for mortgage brokers and reforming mortgage broke

Release of latest report of ACCC Gas Inquiry

According to the Australian Competition and Consumer Commission’s (ACCC) Gas inquiry

Taking action on the Banking, Superannuation & Financial Services Royal Commission - implementation roadmap

The Morrison Government has today released its Banking, Superannuation and Financial Services Royal Commission Implementation Roadmap setting out how the Government will deliver on its comprehensiv

ACCC water inquiry

The Coalition Government has today released terms of reference for the Australian Competition and Consumer Commission’s (ACCC) inquiry into the Murray Darling Basin water market.

Productivity Commission to review resources sector regulation

Streamlining regulation in the resources sector will be the focus of a 12-month review by the Productivity Commission.

Standing Economics Committee to expand inquiry into financial services sector and Royal Commission implementation

The Morrison Government has asked the House of Representatives Standing Committee on Economics to inquire into progress made by relevant financial institutions in implementing the recommendations o

Public consultation on the ACCC Digital Platforms Report now open

The Coalition Government is committed to ensuring that our regulatory framework is fit-for-purpose in the digital age, today announcing that public consultation on all 23 recommendations of the Aus

Taking action on the Banking, Superannuation and Financial Services Royal Commission - Recommendation 2.4: Grandfathered Commissions

The Coalition Government will introduce legislation on Thursday to ban the grandfathering of conflicted remuneration paid to financial advisers.

Taking action on the Banking, Superannuation & Financial Services Industry Royal Commission

Recommendation 4.7: Extending unfair contracts terms to insurance contracts

The Coalition Government has today released exposure draft legislation that extends the unfair contract term (U

Release of the ACCC Digital Platforms Report

The Coalition Government has today released the Australian Competition and Consumer Commission’s (ACCC) Digital Platforms Inquiry final report.

More power for consumers

Legislation to be introduced by the Morrison Government this week will give consumers more power and allow them to compare and switch between products and services more easily.