Media releases

2017

ASIC Enforcement Review Taskforce consults on ASIC’s telecommunications intercept powers

The Government welcomes today’s release of the ASIC Enforcement Review Taskforce position paper titled ‘ASIC’s Access to Telecommunications Intercept Material’.

More Australian students to benefit from new funds for financial literacy

The Turnbull Government has announced a further commitment to support the states and territories to expand the delivery of the ASIC MoneySmart Teaching program for a further four years.

Improving Australia's financial services taxation regime

The Turnbull Government is committed to ensuring our policy settings promote Australia as a regional financial centre and to improving the ability of the financial sector to grow and export their s

Turnbull Government acts to further strengthen financial stability

The Turnbull Government is taking action to further strengthen Australia’s financial resilience by extending our prudential regulator’s powers to non-bank lenders, as announced in the 2017 Budget.<

Further action to create a more competitive banking system for Australians

More competitive loans and other financial products for Australians will be encouraged through new reforms announced by the Turnbull Government in the 2017 Budget.

Better targeting housing tax deductions: exposure draft legislation

The Turnbull Government has today released exposure draft legislation and explanatory material for the housing affordability and tax integrity measures the Government announced in the 2017-18 Budge

Government takes action to address superannuation guarantee non compliance

The Government will seek to legislate a key recommendation of the Superannuation Guarantee Cross‑Agency Working Group to close a loophole that could be used by unscrupulous employers to short‑chang

Banking Executive Accountability Regime

The Turnbull Government is continuing to work to deliver on its commitment to strengthen accountability in the banking system.

Taxation treatment of superannuation income streams

It has been a longstanding feature of the Australian superannuation system that military personnel and military invalidity pensioners are subject to tax on their superannuation income streams.

Northern Australia Insurance Update

In the 2017 Budget the Turnbull Government announced that it will provide $7.9 million to the Australian Competition and Consumer Commission ACCC to fund an inquiry into insurance premiums in North

ATO tax ruling

Reports today that the Australian Taxation Office (ATO) has broadened the interpretation of company tax cuts are premature.

Biggest move on multinational taxation in a generation

The Turnbull Government has instigated one of the most important changes to the taxation of multinationals in a generation, and all the Labor Party can say in response is a series of window d

Review into the efficiency and competitiveness of the superannuation system commences

The Turnbull Government has taken further action to ensure Australia’s superannuation system is as efficient and competitive as possible with the release of the Terms of Reference for the Productiv

ASIC enforcement review consults on search warrant powers, licensing powers and industry codes

The Government welcomes the ASIC Enforcement Review Taskforce’s release of the positions papers titled ‘Harmonisation and Enhancement of Search Warrant Powers’, ‘Strengthening ASIC’s Licensing

Appointment of member to the Board of Taxation

The Minister for Revenue and Financial Services, the Hon Kelly O’Dwyer MP, today announced the appointment of Dr Julianne Jaques as a part-time member of the Board of Taxation (the Board) for a thr

Wine Equalisation Tax rebate: Improving integrity

The Australian Government has introduced legislation to improve the integrity of the wine equalisation tax rebate and better target support to small wine producers in rural and regional Australia.<

Strengthening the integrity of GST on precious metals

The Government has successfully passed legislation to combat GST fraud in the gold trading industry.

Appointments to the Australian Reinsurance Pool Corporation

The Government has appointed Mr Ian Carson and Ms Karen Payne to the Australian Reinsurance Pool Corporation (ARPC).

Changes now in effect to support the superannuation tax reform package and amend the insolvency law reform act

Amendments supporting the integrity of the Government’s comprehensive suite of superannuation taxation reforms have come into effect with the passage of the Treasury Laws Amendment (2017 Measur

ASIC industry funding model passed into law

The Government has delivered on its commitment to introduce an industry funding model for the Australian Securities and Investments Commission (ASIC), with the ASIC Supervisory Cost Recovery Le