Media releases

2013

An extra $10.5 million to help protect Australians from asbestos

The Gillard Government will invest more than $10.5 million to deliver a national approach to protect Australians from asbestos-related diseases.

$19.2 million to help more Australians find work and regional businesses find apprentices

Australians looking for work and businesses looking for apprentices in areas doing it tough will benefit from an extra $19.2 million from the Australian Government to better link job seekers wit

$47.2 million to support vulnerable workers

The Gillard Government will invest $47.2 million to support Australia's vulnerable workers, including $21.4 million to help Australians who have been bullied at work and $25.7 million to ensure Aus

Better support to help more Australians enter the workforce

The Gillard Government is providing Australians receiving income support with greater incentives to find work, increasing the amount they are able to earn and keep, and providing extra assistanc

Launch of Australian Government Bonds

Deputy Prime Minister Wayne Swan and Minister for Financial Services Bill Shorten today announce that Australian Government Bonds (AGBs) will be available for trading on the Australian Securities

Government to legislate important super adequacy measures

Minister for Financial Services and Superannuation Bill Shorten today confirmed that the Gillard Government will introduce legislation to deliver two key measures which will help drive the adequacy

Super funds to disclose dollar value of fees

MySuper product providers will be required to disclose investment risk, the dollar value of fees and their investment performance in an easy to read way, the Minister for Financial Services and

Government approval of variations to the APX

Minister for Financial Services and Superannuation, Bill Shorten and the Parliamentary Secretary to the Treasurer, Bernie Ripoll today announced that the Gillard Government has approved variatio

Occupations hit hardest by Abbott super cut

New figures have revealed that shop assistants, waiters, bartenders and cleaners will be hardest hit by Tony Abbot's plan to cut the Low Income Superannuation Contribution (LISC).

Visit to Toronto and Montreal

Minister for Employment and Workplace Relations and Minister for Financial Services and Superannuation Bill Shorten is visiting Canada this week for a series of high-level meetings with Canadian su

Government's approval of the FEX financial market and the LCH clearing and settlement arrangement

Minister for Financial Services and Superannuation Bill Shorten today announced that he has granted the Financial and Energy Exchange Global Pty Ltd (FEX) an Australian Market Licence allowing i

Next Steps: Charter of Superannuation

Speaking at the Queensland Media Club today, the Minister for Financial Services and Superannuation Bill Shorten invited all Australians to have a say on the future of their superannuation.

Visit to Beijing and Shanghai

The Gillard Government is acting on its commitments to realise the opportunities identified in the Asia Century White Paper.

Council of Superannuation Custodians - Charter of Superannuation Adequacy and Sustainability

The Gillard Government will establish a Council of Superannuation Custodians to ensure that any future changes are consistent with an agreed Charter of Superannuation Adequacy and Sustainability.

Moving towards a comprehensive National Injury Insurance Scheme

Minister for Financial Services and Superannuation, Bill Shorten, thanked the National Injury Insurance Scheme (NIIS) Advisory Group which met in Sydney yesterday to discuss the path forward to

Tax Treatment of Earnings on Superannuation Assets Supporting Income Streams

The Government will better target the tax exemption for earnings on superannuation assets supporting income streams by capping it to the first $100,000 of future earnings for each individual.

Reforms to make the superannuation system fairer

The Gillard Government today announced reforms to improve the fairness, sustainability and efficiency of the superannuation system.

Minister releases draft IMR legislation for consultation

The Minister for Financial Services and Superannuation Bill Shorten has today released an exposure draft of legislation to implement the third and final element of the Investment Manager Regime (

Sixth Super Roundtable

Minister for Financial Services and Superannuation, Bill Shorten, today hosted the sixth Super Roundtable as part of the Gillard Government's ongoing reform agenda.

Minimum wage increases must balance needs of low paid and national economy

The Gillard Government says any increase to minimum wages should reflect changes in living costs and the overall strength of the Australian economy.