Media releases

2017

James Cook University to undertake the Strata Title Inspection Scheme

The Turnbull Government is committed to reducing the cost of insurance for north Queensland residents, today announcing James Cook University will undertake the development and management of the St

2017-18 Budget measures consultation

The Minister for Revenue and Financial Services, the Hon Kelly O’Dwyer MP today released draft legislation and explanatory materials for public consultation.

ASIC Enforcement Review Taskforce consults on strengthening penalties

The Turnbull Government welcomes today's release by the ASIC Enforcement Review Taskforce of the positions paper 'Strengthening Penalties for Corporate and Financial Sector Misconduct'.

Consultation on Whistleblowers Bill 2017

The Minister for Revenue and Financial Services, the Hon Kelly O’Dwyer MP, today released for public consultation exposure draft legislation – the Treasury Laws Amendment (Whistleblowers) Bill

Passive investment companies excluded from lower tax rate

The Turnbull Government has today introduced a Bill clarifying that passive investment companies will not qualify for the lower company tax rate.

Appointment of the Australian Securities and Investments Commission Chair

I am pleased to announce that the Government intends to recommend to the Governor-General in Council that Mr James Shipton be appointed as the full-time Chair to the Australian Securities and Inves

PBO shines a light on Labor's dark tax record

Today’s Parliamentary Budget Office report on changes in average personal income tax rates paints a grim picture of Labor’s historical propensity to tax.

R&D fraudsters in the government’s sights

The recent successful prosecution against Melbourne tax agent Arjuna Samarakoon for defrauding the Australian Government highlights the Turnbull Government’s commitment to ensuring the Research and

Reforms to stop corporate avoidance of employee entitlements at taxpayers’ expense

The Minister for Employment, Senator the Hon Michaelia Cash, and the Minister for Revenue and Financial Services, the Hon Kelly O’Dwyer MP, will introduce new laws to stop corporate misuse of the A

Expert advisory panel on whistleblower protections

In keeping with the Government's commitment to provide meaningful protection to people who report corporate fraud or serious misconduct, tax evasion or avoidance, and its commitment to the Parliame

Consultation on reforms to address illegal phoenixing

The Minister for Revenue and Financial Services, the Hon Kelly O'Dwyer MP, today released for public consultation a paper entitled ‘Combatting Illegal Phoenixing’.

Making it easier to start a new business

The Australian Government recently commenced public testing of a new service to make registering your business easier and faster.

Excluding passive investment companies from the small business tax rate

The Government today released draft tax legislation for consultation to clarify that passive investment companies cannot access the lower company tax rate for small businesses.

Turnbull Government puts super members first

The Turnbull Government has introduced a comprehensive package of reforms to Australia’s $2.3 trillion superannuation system squarely focused on protecting members’ money and interests.

Putting consumers first - improving dispute resolution

The Turnbull Government will establish a new one-stop shop dispute resolution scheme, the Australian Financial Complaints Authority (AFCA), which will significantly improve how financial disputes a

Supporting innovation through insolvency law reform

The Government has delivered on its commitment under the National Innovation and Science Agenda (NISA) to improve Australia’s corporate insolvency system, with the Treasury Laws Amendments (201

A comprehensive package of reforms to address illegal phoenixing

The Turnbull Government is taking action to crack down on illegal phoenixing activity that costs the economy up to $3.2 billion per year to ensure those involved face tougher penalties, the Ministe

Consultation on Consolidation Integrity Measures

The Minister for Revenue and Financial Services, the Hon Kelly O’Dwyer MP, today released draft tax consolidation legislation and an explanatory memorandum for public consultation.

ASIC Enforcement Review Taskforce consults on ASIC's power to ban senior officials in the financial sector

The Government welcomes today’s release of the ASIC Enforcement Review Taskforce position paper titled ‘ASIC’s power to ban senior officials in the financial sector’

ASIC Review of mortgage broker remuneration

The Turnbull Government welcomes the mortgage industry’s creation of a forum to develop an industry led response to the Australian Securities and Investments Commission’s (ASIC’s) Review of mortgag