Media releases

2010

Standardised Reporting Terms Ushers in an Era of Harmony

The release of the remainder of the national suite of payroll tax reporting forms will further simplify compliance reporting for Australian businesses who use Standard Business Reporting (SBR) from

National Consumer Credit Registration & Licensing Requirements - Lenders with Pre-Existing Credit Contracts

The Minister for Financial Services, Superannuation and Corporate Law, Chris Bowen MP has today announced details of the proposed regulatory framework for lenders with pre-existing contracts in for

Commencement of Loss Relief for Merging Super Funds

The Minister for Financial Services, Superannuation and Corporate Law, Chris Bowen MP, has welcomed the commencement today of the amendments to provide loss relief for superannuation funds that mer

Financial Claim Scheme Disclosure Regulations

The Minister for Financial Services, Superannuation and Corporate Law, Chris Bowen MP, today welcomed the making of the Corporations Amendment Regulations 2010 (No.

Release of Options Paper on Unfair Terms in Insurance Contracts

The Minister for Financial Services, Superannuation and Corporate Law, Chris Bowen MP, today released an options paper seeking comments on options to address unfair terms included in insurance cont

National Consumer Credit Protection Package - Regulations And Explanatory Materials

The Minister for Financial Services, Superannuation and Corporate Law, Chris Bowen MP has welcomed the release of the Regulations and explanatory material to the National Consumer Credit Protection

Consumers Reminded Of New National Consumer Credit Regime

The Minister for Financial Services, Superannuation and Corporate Law, Chris Bowen MP, has used the occasion of World Consumer Day to remind Australians about the commencement of the new National C

Government Congratulates Takeovers Panel on 10 year Anniversary

The Minister for Financial Services, Superannuation and Corporate Law, Chris Bowen MP, today congratulated the Takeovers Panel on its imminent 10 year ann

Medicare Clearing House Helps Drive Greater Efficiency in Superannuation

The Minister for Financial Services, Superannuation and Corporate Law, Chris Bowen MP, has welcomed the announcement of a landmark industry-led initiative that will benefit millions of superannuati

Market Supervision Reforms Pass Through the Parliament

Legislation reforming the way financial markets in Australia are supervised passed the Senate today, paving the way for transfer of market supervision responsibility to the Australian Securities an

Coalition walks away from Small Business on Super Clearing House

Today's debate in the parliament on the superannuation clearing house is clear proof that Labor is the true party of small business.

Financial Services Consumer Protection Framework Extended to Superannuation Borrowing Arrangements

The Minister for Financial Services, Superannuation and Corporate Law, Chris Bowen MP, today announced that the Government proposes to amend the Corporations Regulations 2001 to prov

Appointment of a New Part-Time Member to the Financial Reporting Council (FRC)

The Minister for Financial Services, Superannuation and Corporate Law, Chris Bowen MP, is pleased to announce the appointment of Dr Stein Helgeby as a part-time member of the Financial Reporting

Appointments to the Takeovers Panel

The Minister for Financial Services, Superannuation and Corporate Law, Chris Bowen MP, is pleased to announce the appointment of 10 new members and the reappointment of 11 members to the

New Appointments to the Australian Government Financial Literacy Board

The Minister for Financial Services, Superannuation and Corporate Law, Chris Bowen MP, is pleased to announce the following new appointments to the Australian Government Financial Literacy Board:

Passage of National Consumer Credit Protection Amendment Bill 2010

Today, the National Consumer Credit Protection Amendment Bill 2010 was passed by the Australian Parliament.

Refinements to Long-Term Superannuation Reporting

The Minister for Financial Services, Superannuation and Corporate Law today announced that the Government proposes to streamline long term superannuation disclosure requirements.  The refineme

Double Superannuation Coverage Between Australia and Austria Eliminated

A supplementary social security agreement between Australia and Austria, concluded yesterday in Vienna by the Minister for Foreign Affairs, the Hon Stephen Smith, and the Austrian Minister for Labo

The Coalition is a Risk to National Superannuation

The Leader of the Opposition is a risk to national superannuation and the savings pool that will play an important part in dealing with the challenges of an ageing population.

Small Business Superannuation Clearing House - Introduction of Legislation

The Government today introduced legislation into the Parliament which provides the legislative framework for its optional superannuation clearing house service for small business.