Media releases

2019

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

Recommendation 2.4: Grandfathered commissions

The Coalition Government has released regulations today, outlining the requirement for financial product manufacturers to pass through to the

Foreign Investment Review Board Appointment

The Coalition Government is pleased to announce the appointment of Ms Margaret McDonald as a part-time member of the Foreign Investment Review Board (FIRB).

Unlocking fundraising for Men's and Women's sheds

The Government will unlock new fundraising potential for Men’s and Women’s Sheds across the country.

$35 million to extend the Federal Court's jurisdiction to corporate crime

For the first time, the jurisdiction of the Federal Court of Australia will expand to include corporate crime, with the Coalition Government providing more than $35 million in the 2019-20 Budget to

Record funding and resources for ASIC and APRA to help restore trust in Australia's financial sector

The Coalition Government is providing more than $550 million in the 2019-20 Budget to help restore trust in Australia’s financial sector as part of our plan for a stronger economy and a secure and

CFR & ATO report on SMSF borrowing arrangements

A report by the Council of Financial Regulators (CFR) and the Australian Taxation Office (ATO) has found that assets held by self-managed superannuation funds (SMSFs) under 'limited recourse borrow

Government response to digital economy consultation

The Coalition Government is committed to strengthening our tax rules, ensuring Australia's tax integrity laws are among the strongest in the world and delivering a tax system that is internationall

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

Recommendation 1.15: Enforceable code provisions

The Coalition Government has today released a consultation paper on making provisions of financial services industry codes of conduct more

$2.1 million to improve education outcomes for remote and regional Indigenous students

The Coalition Government will invest $2.1 million in the Melbourne Indigenous Transition School (MITS) to construct a new Alumni Boarding House to support the wonderful work MITS does with remote a

Government submission to Annual Wage Review

The Coalition Government has today provided a submission to the independent Expert Panel of the Fair Work Commission as part of the Commission’s Annual Wage Review, providing the Commission with fa

GST revenue sharing relativities

Following consultation with the States and Territories, I have accepted the recommendation of the Commonwealth Grants Commission (CGC) on the GST revenue sharing relativities for 2019-20.

Review of mortgage broking trail commissions

Following consultation with the mortgage broking industry and smaller lenders, the Coalition Government has decided to not prohibit trail commissions on new loans, but rather review their operation

National Accounts – December quarter 2018

Today's National Accounts show that the Australian economy grew by 2.7 per cent in calendar year 2018, consistent with trend growth.

Cutting red tape for Tasmania’s small businesses

The Coalition Government is backing Tasmanian small businesses with a $6.4 million investment in red tape reduction, to make it easier for new businesses to start and for existing businesses to gro

Register of Foreign Ownership of Water Report

The Government has today released the first report of the Register of Foreign Ownership of Water Entitlements, delivering on our commitment to increase transparency around holdings of Australia’s w

Taking action on the Banking, Superannuation & Financial Services Royal Commission - Four weeks of Government action

The Coalition Government is getting on with the job of restoring trust in Australia’s financial system, taking action on all 76 recommendations contained in the Final Report of the Royal Commission

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

Recommendation 4.8: Removal of claims handling exemption

The Coalition Government has released a consultation paper on removing the exemption of insurance claims handling from the definit

Takeovers Panel Appointments

The Government has today announced the appointments of the President and members of the Takeovers Panel.

Establishing a price safety net to deliver a better deal

The Morrison Government is continuing to drive down power prices with a price safety net locking in better deals for tens of thousands of small businesses and up to 750,000 residential customers

Coalition leads on Banking Royal Commission

The Coalition’s comprehensive response was delivered on 4 February, four days after having received the Final Report.