Media releases

2017

Higher standards for financial advisers to commence

The Turnbull Government has delivered on its commitment to lift the professional, education and ethical standards of financial advisers, Minister for Revenue and Financial Services, the Hon Kelly O

Carnell report into banking practices released

The Turnbull Government today released the report of the Australian Small Business and Family Enterprise Ombudsman, Kat

Labor denies job opportunities for Australians

The Labor Party clearly can't be trusted with the economic security of our nation. They are divided on job producing company tax cuts.

Government acting on Super Guarantee non-compliance

Superannuation Guarantee non-compliance is a very serious issue. Employers who do not pay employees their superannuation entitlements are breaking the law.

Commonwealth contribution to Bourke Street Fund

The Turnbull Government joins all Australians in offering our love, solidarity and deepest sympathies to the victims of the vicious and cowardly attack that took place in Bourke Street, Melbourne o

Black Economy Taskforce – invitation for public comment

The Minister for Revenue and Financial Services, the Hon Kelly O'Dwyer MP, today called for stakeholder submissions to the Black Economy Taskforce.

2016

Consultation on whistleblower protections

The Minister for Revenue and Financial Services, the Hon Kelly O'Dwyer MP, today released the 'Review of tax and corporate whistleblower protections in Australia' paper for consultation.

Government appointments

The Turnbull Government has today announced appointments to the Superannuation Complaints Tribunal, the Auditing and Assurance Standards Board (AUASB), the Financial Reporting Council (FRC), the Pr

Government delivers on commitment to facilitate more efficient retirement income products

The Turnbull Government has today released a discussion paper exploring key policy issues to facilitate further development of a framework for the retirement phase of the superannuation system.

Black Economy Taskforce

Australians need to have confidence in our tax system.

New tax treaty with Germany enters into force

The Turnbull Government is pleased to announce that instruments of ratification were exchanged between Australia and Germany on Wednesday 7 December 2016, bringing the new Australia-Germany tax tre

Increasing the accountability of financial product issuers and distributors

Minister for Revenue and Financial Services, the Hon Kelly O’Dwyer MP, today released a consultation paper seeking feedback on two key proposals from the Financial System Inquiry.

Multinationals paying tax on Australian profits

The Turnbull Government's Multinational Anti-Avoidance Law (MAAL) powers have so far forced 24 multinational companies to either restructure their arrangements or signal their intention to do so in

One-stop mega Ombudsman backed by consumer groups

While consumer groups have welcomed a proposal for a mega ombudsman body to resolve banking and finance disputes and complaints, Labor continues to plays cynical games with people's lives.

Landmark interim report paves the way for new financial disputes framework for consumers

The Turnbull Government welcomed the release today of the Interim Report by the independent expert panel reviewing the financial system’s external dispute resolution and complaints framework.

Backing Australia's Wine Industry

The Turnbull Government today announced enhancements to the Wine Equalisation Tax (WET) Rebate to better assist grape growing, winemaking and associated tourism in regional Australia.

Government delivers on commitment to protect client money

The Turnbull Government has today introduced client money reforms to further protect retail investors and increase consumer confidence in the financial services sector.

Life insurance commission reductions to benefit consumers

High upfront life insurance commissions will be reduced with the passage of the Corporations Amendment (Life Insurance Remuneration Arrangements) Bill 2016 in the House of Representatives, the Mini

Government response to the final report of the review of the small amount credit contract laws

The Turnbull Government has today released its response to the final report of the independent review of the small amount credit contract (SACC) laws.

OECD finalises new multilateral convention on tax avoidance

The Organisation for Economic Co -Operation and Development (OECD) has released the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit