Media releases

2019

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

Consumers will benefit from lower fees following the removal of conflicted remuneration for financial advice after the Coalition Government passed new laws through the Parliament yesterday, ending

ACCC inquiry into residential mortgage prices

The Coalition Government has today directed the Australian Competition and Consumer Commission (ACCC) to undertake an inquiry into the pricing of residential mortgage products.

Council on Federal Financial Relations meeting

Commonwealth, state and territory treasurers have agreed to a program of work to boost the nation’s productivity and to develop actionable items in the areas of transport, health, skills and enviro

Taking action on the Banking, Superannuation & Financial Services Industry Royal Commission – Recommendation 2.10: New financial adviser disciplinary system

The Morrison Government is accelerating the establishment of a new disciplinary system and single disciplinary body for financial advisers as recommended by the Royal Commission into Misconduct in

Review of the retirement income system

The Coalition Government is continuing to ensure Australians are well-supported during their retirement by today commissioning an independent review of the retirement income system.

The Port of Newcastle

On 2 July 2018, the Port of Newcastle Operations Pty Ltd wrote to the National Competition Council (NCC) requesting that it make a recommendation about whether or not to revoke declaration of th

Appointment of the Australian Energy Regulator Chair

The Morrison Government is pleased to announce the appointment of Ms Clare Savage as the full-time Chair and State/Territory member of the Australian Energy Regulator (AER), for a five year peri

Government passes legislation to protect low balance and young superannuation members

The retirement savings of Australians will be protected from inappropriate insurance with the passage of legislation through the Parliament today.

New Israel tax treaty introduced into Parliament today

Today, the Government introduced legislation for a new tax treaty between Australia and Israel, further deepening our strong bilateral relationship.

Budget back to balance for the first time since 2007-08

As a result of the Morrison Government's economic plan and responsible budget management the Budget has returned to balance for the first time in 11 years.

Taking action to lower power prices

The Morrison Government has today reintroduced the Treasury Laws Amendment (Prohibiting Energy Market Misconduct) Bill 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.