Media releases

2019

Taking Action on Banking, Superannuation & Financial Services Royal Commission

Recommendation 2.4: Grandfathered Commissions The Coalition Government has released exposure draft legislation to ban grandfathering of conflicted remuneration paid to financial advisers.

IMF recognises Australia's "robust economic performance"

The International Monetary Fund (IMF) has recognised Australia's "above-trend growth" in its annual assessment of the Australian economy and welcomed the steps taken "to further strengthen the fina

Government action on Banking Royal Commission Recommendations 1.7, 2.4, 4.2, 4.8 & 4.11

Sixteen days after receiving the Final Report of the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry, the Labor Party has provided part-responses to

Taking action on the Banking, Superannuation & Financial Services Royal Commission - Going further by requiring AFCA to extend its remit

The Coalition Government has extended the Australian Financial Complaints Authority’s (AFCA) remit to consider financial complaints dating back to 1 January 2008, providing expanded access to redre

Tax Practitioners Board Appointments

The Liberal National Government is pleased to announce the appointment of Mr Ian Klug AM as the new Chair to the Tax Practitioners Board (TPB).

Protecting members from unnecessary insurance in superannuation

The Coalition Government will introduce legislation into the Parliament today to protect Australians from paying premiums for insurance they don’t want, need or even know they have.

Housing tax warning

Housing industry leaders have raised serious concerns about Labor’s housing taxes at a Housing Industry Roundtable at Parliament House today.

Government taking action on all 76 recommendations

It has now been two weeks since the Hayne Royal Commission Final Report was made public, yet Bill Shorten and the Labor Party have still not responded, proving they are more interested in political

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

Recommendations 3.6 & 3.7 pass the Senate The Coalition Government has passed legislation through the Senate that acts on two of Commissioner Hayne’s recommendations and will enhance

New penalties for banking misconduct pass Senate after Labor back-flip

Criminal and civil penalties for corporate and financial sector misconduct are set to significantly increase, following a Labor Party back-flip and passage of legislation through the Senate.

Labor's loss is super members' gain

Three million Australians are a step closer to being reunited with around $6 billion worth of superannuation, thanks to legislation passed in the Senate by the Coalition Government.

Fast-tracking support to SEATO doctors and nurses

The Coalition Government is fast-tracking delivery of the Department of Veterans’ Affairs Gold Card for members of the Australian civilian surgical and medical teams who provided medical aid, train

Increasing and extending the instant asset write-off

The Liberal National Government is backing small business with the introduction of legislation into Parliament yesterday that will boost and extend the instant asset write-off initiative.

Legislation introduced to establish $2 billion Securitisation Fund

The Coalition Government has introduced legislation to establish the $2 billion Australian Business Securitisation Fund which will see small and medium-sized businesses get better access to more co

Taking action on the Banking, Superannuation & Financial Services Royal Commission - Recommendations 3.6 & 3.7

The Coalition Government has tabled an amendment which acts on two recommendations in Commissioner Hayne’s Final Report, enhancing accountability of superannuation funds and strengthening protectio

Budget 2019-20 media lock-up

Media organisations are invited to submit an expression of interest (EOI) to attend the Budget 2019-20 lock-up from 12.00pm on Tuesday 2 April at Parliament House, Canberra.

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

Recommendation 6.13: Regular Capability Reviews The expert panel that will lead a capability review of the Australian Prudential Regulation Authority (APRA) will comprise Chair Graeme Sam

Victoria's home of AFLW ready for redevelopment

A $15 million funding injection from the Liberal Nationals Government has secured the redevelopment of Ikon Park in Carlton to create the home of AFLW in Victoria.

Young adults with Down syndrome to benefit from pilot employment program

An innovative new pilot program funded by the Liberal Nationals Government to educate and employ young adults with Down syndrome launched in Melbourne today.

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

Recommendation 1.11: Farm Debt Mediation The Commonwealth, states and territories have agreed, for the first time, to move towards a national farm debt mediation scheme at yesterday’s mee