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Media releases

2013

Consumers benefit as Government enshrines the terms 'financial adviser' and 'financial planner'

The Minister for Financial Services and Superannuation Bill Shorten introduced legislation into Parliament that empowers Australian consumers to identify genuine providers of financial advice.

Reduction in unnecessary superannuation accounts will boost retirement savings

Australians with multiple superannuation accounts in the same fund stand to benefit from legislation introduced into the Parliament today to the management of superannuation accounts.

Retail Corporate Bonds Legislation

The Deputy Prime Minister and Treasurer, Wayne Swan, and Minister for Financial Services and Superannuation, Bill Shorten, have introduced legislation today to further encourage the development o

Better Access to Financial Advice

Minister for Financial Services and Superannuation, Bill Shorten, today announced the next step in enabling accountants to offer a wider range of services through regulations to replace the account

SuperSeeker Upgrade Makes it Easier to Consolidate Super

The popular online tool SuperSeeker has been improved to allow people to see and do more with their super.

Floods and Storms: Your Safety and Your Rights

The Minister for Financial Services Bill Shorten today called for people to put safety issues first during the latest series of floods and storms affecting New South Wales.

First MySuper Delivers Lower Fees For Members

The Minister for Financial Services and Superannuation Bill Shorten has welcomed the first MySuper application being authorised by APRA.

ASIC Consults on Reforms to Regulation of the Debentures Sector

The Minister for Financial Services and Superannuation, Bill Shorten, today welcomed the release by the Australian Securities and Investments Commission (ASIC) of its consultation paper Debentu

Statement: MPs Will Pay Increased Superannuation Taxes

Media reports in recent days suggesting Federal politicians in defined benefit superannuation schemes will be immune from reduced superannuation tax concessions announced at the last budget are ent

Hockey Again Caught On 12% Superannuation

Shadow Treasurer Joe Hockey has today once again admitted the Coalition are prepared to scrap Labor's increase of universal superannuation from 9 to 12 per cent should they be elected.

Coalition Backflip on 12% Superannuation

Shadow Treasurer Joe Hockey has today indicated the Coalition are prepared to scrap Labor's increase of universal superannuation from 9 to 12 per cent should they be elected.

Tony Abbott Must Confirm His Intention to Slug Low Income Earners with a Tax Hike

In an embarrassing development today, Tony Abbott will have to slap down his senior colleague and confirm his intention to reintroduce a 15 per cent superannuation tax on 3.6 million low income ear

Abbott confirms 3.6 million low paid Australians would see their taxes rise

The Coalition has today confirmed that they would re-impose a 15 per cent tax on Australia's lowest paid workers (earning below $37,000) including 2.1 million women.

Government Acts to Ensure Tax Certainty for Deceased Estates - Release of Draft Regulation

The Minister for Financial Services and Superannuation, Bill Shorten, today released a draft regulation to give effect to the Government's 2012-13 MYEFO measure to provide tax certainty to the bene