Media releases

2012

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

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 unde

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.