The government has called an election and is now in caretaker
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Media releases
2012
Government's MySuper Bill Passed by House of Representatives
The House of Representatives has today passed legislation that will deliver on the Government's 2010 election commitment to introduce a new simple, low‑cost default superannuation product called
Government Supports Evidence Based and Expert Led Process for Default Funds
The Gillard Government is proposing an evidence based and expert led process for selecting and assessing default superannuation funds in modern awards which will ultimately lead to more transpar
Payday borrowers better protected as bill passes Parliament
Borrowers who use payday loans will be better protected than ever before, following the introduction of Australia's first national cap on payday loans, with passage through Parliament today of th
Refund of Excess Contributions Tax Enacted
The Gillard Government has enacted regulations to enable an estimated 30,000 individuals to benefit from refund of certain excess concessional contributions.
Coalition Say No to Tougher Super Governance
Minister for Financial Services and Superannuation Bill Shorten welcomed the passage of legislation through the Parliament last night that raises the standard for those managing Australians' sup
Andrew Robb's 41,000 Shades of Grey
There are around 41,000 workers in Andrew Robb' Goldstein electorate who currently only receive 9 percent superannuation.
Draft regulations for key facts sheets for home building and home contents insurance policies released
The Minister for Financial Services and Superannuation today announced the release of exposure draft regulation and an accompanying explanatory statement for the provision of Key Facts Sheets for
Release of Exposure Draft Legislation for Taxation Relief for Mergers of Superannuation Funds
The Minister for Financial Services and Superannuation Bill Shorten today released exposure draft legislation on the income tax relief for merging superannuation funds for public comment.
Application of FOFA to the Timeshare Industry
More than 4,000 employees of the timeshare industry will benefit from a carve-out from the ban on conflicted remuneration under the Future of Financial Advice (FOFA) reforms, allowing the industry
Penalties for Promoters of Illegal Early release Superannuation Schemes
The Government will introduce penalties to deter promoters of illegal early release superannuation schemes.
Found: $2.8 Billion in Lost Super
More Australians are being reunited with their superannuation with the total amount of lost super now $17.4 billion, a 14 per cent fall from the previously reported total of $20.2 billion.[
Ansett Workers Finally Paid Their Super
Around 11,000 ex Ansett workers, who have been waiting nearly a decade for their superannuation entitlements, have finally been paid.
Superannuation Boost for 3.6 Million Australians
Today, 3.6 million Australians, including 2.1 million women, will receive a boost to their superannuation.
Government Improves Transparency of Flood and Strata Title Insurance
The Minister for Financial Services today tabled the Gillard Government's response to the recommendations of the House of Representatives Standing Committee investigation into the operation of th
Minimum wage increase to benefit 1.3 million Australians
More than 1.3 million working Australians will benefit from an increase in national minimum wages from 1 July 2012.
Government's Advisory Group supports next steps in development of a National Injury Insurance Scheme
Minister for Financial Services and Superannuation, Bill Shorten, today thanked the National Injury Insurance Scheme (NIIS) Advisory Group, which met on Friday 22 June to discuss and further cons
New form of licence expands access to financial advice
Minister for Financial Services and Superannuation Bill Shorten today announced a new form of financial advice licence that will significantly increase the availability of financial advice for all
Introduction of Investment Manager Regime Legislation to the Parliament
Minister for Financial Services and Superannuation Bill Shorten today introduced into Parliament a bill to amend the income tax law which contain the first two elements of the Investment Manager Re
Government’s financial advice reforms pass the parliament
Minister for Financial Services and Superannuation Bill Shorten today welcomed the passage of the Future of Financial Advice (FOFA) bills[i] through the Senate.
Safety First Following Victorian Quake
The Minister responsible for insurance Bill Shorten has tonight called for people to make safety their first priority following the earthquake centred near Moe that has affected significant part