Media releases

2010

Government to Introduce Legislation to Reform The Supervision of Australia's Financial Markets

The Government will tomorrow introduce legislation into Parliament that will reform the way financial markets in Australia are supervised.

Amendments to Ensure an Effective Referral of Consumer Credit powers to The Commonwealth

Tomorrow the Government will introduce legislation into the parliament that will give effect to the referral of responsibility for consumer credit to the Commonwealth.

Government Moves to Stop Preying on Shareholders & Reduce Business Costs

The Minister for Financial Services, Superannuation and Corporate Law, Chris Bowen MP, has today released proposals designed to prevent predatory share offers to vulnerable and unsuspecting shareho

Greater Powers to The Corporate Regulator To Pursue Market Misconduct

The Minister for Financial Services, Superannuation and Corporate Law today announced proposed changes to the law to strengthen the Australian Securities and Investment Commission's investigative

Bowen to Promote Australia's Financial Services Sector in Hong Kong

The Minister for Financial Services, Superannuation and Corporate Law, Chris Bowen MP, today leaves for Hong Kong to advance Australia's standing as a financial services hub and as well as strength

Financial Claims Scheme Disclosure Regulations

The Minister for Financial Services, Superannuation and Corporate Law, Chris Bowen MP, today released the Banking Amendment Regulations 2010 and the Corporations Amendment Regulations 2010, with ex

Corporate Insolvency Law Reform Package

The Minister for Financial Services, Superannuation and Corporate Law, Chris Bowen MP, has today announced a package of reforms to Australia's corporate insolvency laws.

Financial Sector Legislation Amendment (Prudential Refinements and Other Measures) Bill 2010

The Minister for Financial Services, Superannuation and Corporate Law, Chris Bowen MP, today released the Financial Sector Legislation Amendment (Prudential Refinements and Other Measures) Bill 201

Government Welcomes Johnson Report on Australia as a Financial Services Centre

The Government welcomes the Australian Financial Centre Forum's report on Australia as a Financial Centre (the Johnson Report).

Abbott and Joyce Split on Executive Remuneration

The Opposition Leader and the Shadow Finance Minister have today offered two sharply different versions of Coalition policy on executive remuneration.

Government Welcomes Productivity Commission Report on Executive Remuneration

The Government welcomes the Productivity Commission's final report on Australia's director and executive remuneration framework.

2009

Simpler Disclosure for Superannuation and Managed Investment Products

The Rudd Government has today delivered on its commitment to address the problem of lengthy, complex and largely unreadable product disclosure documents for major financial services products.

National Roll-Out of SBR Specifications

The Standard Business Reporting program – a Council of Australian Governments' (COAG) reform initiative to reduce red tape for business – today achieved a major milestone with the release of report

New Reporting Arrangements for Intermediated General Insurance Business

The Minister for Financial Services, Superannuation and Corporate Law, Chris Bowen MP, today welcomed the introduction of regulations implementing new reporting arrangements for general insurance.&

Government Consults on Product Rationalisation Proposal

The Minister for Financial Services, Superannuation and Corporate Law, Chris Bowen MP, today released a Proposals P

New Opposition Policy on Banking

The Australian Government notes the new Coalition policy announced today to re-regulate banking including new powers to enable the forced divesture of bank assets.

Cutting Red Tape and Improving Australia's Corporate Reporting Framework

The Minister for Financial Services, Superannuation and Corporate Law, Chris Bowen MP, today released draft reforms to cut red-tape and improve Australia's corporate reporting framework.

Consultation on Market Supervision Reforms

The Minister for Financial Services, Superannuation and Corporate Law, the Hon Chris Bowen MP, today released a consultation paper and draft legislation facilitating reforms to the supervision

Superannuation Clearing House – Release of Draft Legislation

The Minister for Financial Services, Superannuation and Corporate Law, Chris Bowen MP, today announced the release for public exposure of draft legislative amendments to support the Government's 20

Government Welcomes Report into Financial Services & Products

The Minister for Financial Services, Superannuation and Corporate Law welcomed the release of the report into financial services and products by the Parliamentary Joint Committee on Corporations