The government has called an election and is now in caretaker
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Media releases
2012
A Win for Small Business as Super Becomes Easier
Minister for Financial Services and Superannuation Bill Shorten and Minister for Small Business Brendan O’Connor welcomed yesterday’s passage of legislation through the House of Representatives t
Reforms to Super helping Australians make the most of their super
Research released today by Minister for Financial Services and Superannuation Bill Shorten, shows broad support for the super system, but many people continue to find it a difficult topic to
Standard Definition of Flood Regulations Finalised
The Gillard Government has enacted Regulations that give effect to the standard definition of flood as part of its continuing efforts to make flood insurance simpler and more effective following
Safety First During Floods
The Minister for Financial Services Bill Shorten today called for people to put safety first during this time of increased risk due to serious flooding in Victoria.
Superstream Advisory Council - Call for Nominees
The Government is calling for nominations from individuals interested in being appointed to the SuperStream Advisory Council.
Skilled visa reform targets investors and entrepreneurs
The Minister for Immigration and Citizenship, Chris Bowen MP, and the Minister for Financial Services and Superannuation, Bill Shorten MP, today announced new Federal Government reforms to attrac
Superfund Directors Under Greater Scrutiny Thanks to Government Bill
Minister for Financial Services and Superannuation Bill Shorten today welcomed the passage of legislation through the House of Representatives that improves requirements for the trustees of super
Government releases paper on tax relief for superfund mergers
The Minister for Financial Services and Superannuation, Bill Shorten, today released a proposals paper titled Taxation relief to support the implementation of Stronger Super which provides
Resourcing ASIC to continue strong market supervision
The Gillard Government will provide the Australian Securities and Investments Commission (ASIC) with new funding of $180.2 million over four years to ensure the corporate watchdog can continue t
2012-13 Budget – superannuation reforms
The 2012-13 Budget will build on the Government's previous reforms to improve the fairness, sustainability and efficiency of the superannuation system.
Government Releases Independent Report Into Compensation Arrangements For Retail Clients
Following on from the recent passage of the Future of Financial Advice (FOFA) reforms through the House of Representatives, the Government has today released a report into Compensation arrang
Superfund Executive Pay and Investments to be Disclosed
Australians will be better informed about their super thanks to Gillard Government legislation released for consultation today.
Tax relief for superfund mergers helps to lower fees
Superfund members will benefit from Government tax relief that enables superfunds to merge without triggering adverse tax consequences that would hit members' savings.
Government seeks community views to make payday lending fairer for consumers
The Minister for Financial Services and Superannuation, Bill Shorten, and the Minister for Community Services, Julie Collins, today released a discussion paper on high cost, small amount loans,
Serious Questions for the Liberals about Superannuation
At a press conference in Geelong today Tony Abbott told reporters:
Australians to Benefit from Better Quality Financial Advice
Australians will soon have better access to affordable and quality financial advice following the passing of the Future of Financial Advice (FOFA) legislation through the House of Representative
Liberals Warming up for Back Flip on Superannuation
Reports today of a chaotic split in the upper ranks of the Liberal Party show Tony Abbott's team are warming up for a massive back flip which will leave millions of Australians worse off, Minister
A Step Closer to Clear Flood Insurance
Australians are closer to no-nonsense flood insurance following the passing of the Insurance Contracts Amendments 2012 (the Bill) in the Senate today.
Real Benefits for Real Australians from the Mining Tax
The passage of the Minerals Resource Rent Tax late yesterday brings real and big benefits to real Australian's retirement savings, Minister for Superannuation Bill Shorten said today.
Smoother Transition for Financial Advice Reforms
Australia's wealth management industry will benefit from more flexible commencement arrangements for the Future of Financial Advice (FOFA) reforms.