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 thro
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.