Media releases

2018

Appointment of a second Deputy Chair to strengthen the Australian Prudential Regulation Authority

The Coalition Government is pleased to announce the appointment of Mr John Lonsdale as a full-time member and second Deputy Chair to the Australian Prudential Regulation Authority (APRA).

Small business and start-ups gain access to crowdfunding

Small businesses and start-ups will now have easier access to funding they need to grow, with the Coalition Government passing new laws that extend crowdfunding eligibility.

$20,000 instant asset write-off extension passes Parliament

The Coalition Government’s strong record of supporting small business continues today, with the Senate passing legislation to extend the $20,000 instant asset write-off.

National Accounts – June Quarter 2018

Today's National Accounts for the June quarter 2018 highlight the strength and resilience of the Australian economy which has just completed its 27th year of consecutive economic growth.

ASIC seeks record penalty for Westpac’s home loan breach

The Australian Securities and Investments Commission (ASIC) has asked the Federal Court to impose a $35 million civil penalty on Westpac Banking Corporation for breaching its responsible lending ob

Treasury portfolio arrangements

As Treasurer, I will have responsibility for the development of the budget, economic and fiscal policy, taxation and superannuation policy, responding to the Banking Royal Commission, major foreign

Appointment of full-time Members to the Australian Securities and Investments Commission

This media release announces two appointments to the Australian Securities and Investments Commission

2015

Asia Region Funds Passport provides opportunity for Australia’s financial services sector

Cross border issuing of managed investment funds is set to become easier across the Asia region following the signing of the Asia Region Funds Passport Statement of Understanding at the APEC Financ

Coalition Government fixes unclaimed money provisions

The Government has delivered on its commitment to protect Australians’ hard-earned savings accounts with the passage of the Banking Laws Amendment (Unclaimed Moneys) Bill 2015 through the

Wine Equalisation Tax Rebate Discussion Paper released and Consultative Group appointed

Today the Government released the Wine Equalisation Tax (WET) Rebate Discussion Paper.

Outcomes of superannuation governance consultation

The Government is committed to delivering the best possible outcomes for Australians saving for their retirement.

Northern Australia Insurance Premiums Taskforce Interim Report

Today the Government welcomes the release of the Northern Australia Insurance Premiums Taskforce Interim Report.

Review of the small amount credit contract laws

The Government is establishing a review of the small amount credit contract (SACC) laws and related provisions in the National Consumer Credit Protection Act 2009 (Credit Act).

Capability review of the Australian Securities and Investments Commission

The Government is commissioning a review to consider the capabilities of the Australian Securities and Investments Commission (ASIC).

Income tax relief for MySuper transfers within a fund

The Government will amend the income tax law to ensure that the existing MySuper tax relief covers the consequences of transfers within a super fund, where the transfer is required under the law.

Improving superannuation governance

The Government has released exposure draft legislation delivering on its commitment to improve governance in superannuation.

Finalising the Future of Financial Advice laws

The Government has agreed with the Opposition to progress minor and technical refinements to the Future of Financial Advice (FOFA) laws contained in the Corporations Act 2001.

Industry reform proposal on retail life insurance welcomed

The Government welcomes the significant reform package received today from the Association of Financial Advisers (AFA), Financial Planning Association of Australia (FPA) and Financial Services Coun

Key tax measures pass the Parliament

The Government has furthered its commitment to increasing Australia’s economic competitiveness while restoring the budget with the passage of the Tax and Superannuation Laws Amendment (2015 Measu