Media releases

2012

Big win for consumers as MySuper laws pass Parliament

Minister for Financial Services and Superannuation, Bill Shorten, has welcomed the passage of legislation through Parliament that will implement the arrangements for the transition to MySuper pr

Government crackdown on illegal early release superannuation schemes

Minister for Financial Services and Superannuation Bill Shorten today introduced legislation which implements a number of the Gillard Government's Stronger Super reforms including new penalties

Final tranche of MySuper legislation introduced

Minister for Financial Services and Superannuation Bill Shorten today introduced into Parliament the fourth and final tranche of legislation implementing the MySuper and governance elements of

Fair Work Act Amendment Bill passes the Parliament

Minister for Employment and Workplace Relations and Minister for Financial Services and Superannuation, Bill Shorten, has welcomed the passage of the Fair Work Amendment Bill 2012 through

Consumers and 18,000 financial planners and advisers benefit from Government reforms

Minister for Financial Services and Superannuation, Bill Shorten, today released draft legislation which will increase protections for Australian consumers by preventing anyone who is not a qual

Increased access to financial advice

Minister for Financial Services and Superannuation, Bill Shorten, today released draft regulations that will expand access to financial advice and better protect investors by delivering on the G

Less red tape for insurers, better disclosure for consumers

The Minister for Financial Services and Superannuation, Bill Shorten, today announced the release of exposure draft legislation that will reduce complexity and provide certainty for insurers and

National Injury Insurance Scheme design progresses

Minister for Financial Services and Superannuation, Bill Shorten, today thanked the National Injury Insurance Scheme (NIIS) Advisory Group which met to discuss and further consider NIIS design an

Super news for 483,400 Australian residents born in New Zealand

The Australian Parliament today passed the Superannuation Legislation Amendment (New Zealand Arrangement) Bill 2012, introduced by the Gillard Government to establish a trans-Tasman retirement savi

Another affordable super product launched in anticipation of MySuper reforms

The Minister for Financial Services and Superannuation Bill Shorten attended the launch of ANZ's new superannuation fund today.

Millions of Australians to benefit from cheaper, better superannuation

Parliament today passed Bills introduced by the Gillard Government to deliver a range of improvements to superannuation law.

Investors to benefit from new rules on high frequency trading and dark pools

The Minister for Financial Services and Superannuation, Bill Shorten, today announced a package of market integrity rules which will better protect investors who use Australia's financial markets.

National flood risk portal online

A new online one-stop-shop for flood risk information will be available from today to assist the community, planners and insurers to access important flood information about their local area.

A win for water market participants as Government makes water regulation crystal clear

The Hon Bill Shorten, Minister for Financial Services and Superannuation and the Hon Tony Burke, Minister for Sustainability, Environment, Water, Population and Communities today announced that

Australian Prudential Regulation Authority Annual Report released

The Government today tabled the report of Australia's independent prudential regulator, the Australian Prudential Regulation Authority (APRA).

Improving Gender Balance On Superannuation Boards

The Minister for Financial Services and Superannuation has today announced the Gillard Government will provide $150,000 towards a program for improving the gender balance on superannuation board

Fair Work Act Amendment Bill 2012 Passes the House

Minister for Employment and Workplace Relations and Minister for Financial Services and Superannuation, Bill Shorten, welcomed the passage of the Fair Work Amendment Bill 2012 through t

Improving the selection of default super funds in modern awards

The Minister for Employment and Workplace Relations and Minister for Financial Services and Superannuation, Bill Shorten, today announced measures that will improve the transparency and contesta

Amount of Lost and Unclaimed Super Falls for the First Time

The amount of lost and unclaimed super has fallen by $3.2 billion this year according to the latest Australian Taxation Office (ATO) annual report.

Establishment of a Superannuation Consumer Centre

The Gillard Government has improved consumer protection through its financial advice and MySuper reforms.