Media releases

2009

Release of Draft Regulations to the National Consumer Protection Package for Further Consultation

The Minister for Financial Services, Superannuation and Corporate Law, Chris Bowen MP, today released draft Regulations and explanatory material for the Rudd Government's National Consumer Credit P

Bowen Welcomes Passage of Executive Pay Termination Payments Legislation

The Government has welcomed the passage of the Corporations Amendment (Improving Accountability on Termination Payments) Bill 2009 through the Senate.

MINCO Agrees On Principles for Reform of Directors' Liability Provisions

The Minister for Financial Services, Superannuation and Corporate Law, Chris Bowen MP, today welcomed the agreement reached at the Ministerial Council for Corporations (MINCO) meeting in Sydney

Cutting Red Tape for Small Business - Superannuation Clearing House Service

The Minister for Superannuation, Chris Bowen MP, and Minister for Small Business, Craig Emerson MP, today announced that the Government will deliver its free superannuation clearing house service f

Historic Credit & Financial Services Reforms Pass the Senate

The Government welcomed the passage last night of the National Consumer Credit Protection and Financial Services Modernisation reforms through the Senate.

Standard Business Reporting Gains International Momentum

The new business to government reporting channel Standard Business Reporting (SBR) continues to gain international interest, with Singapore hosting a forum on 26 and 27 October.

Improving Protections for Corporate Whistleblowers

The Minister for Financial Services, Superannuation and Corporate Law, the Hon Chris Bowen MP, today released an options paper exploring strategies for improving protections for corporate whistlebl

Bigger, Better Services Rolling Into Rural Communities

People living in rural communities will soon be able to access a wider range of Australian Government assistance from a new travelling outreach service.

Appointment of Full-Time Deputy Chairperson of the Superannuation Complaints Tribunal

The Minister for Financial Services, Superannuation and Corporate Law, Chris Bowen MP today announced the appointment of Mr Rod Smith as the full-time Deputy Chairperson of the Superannuation Com

Financial Claims Scheme Policy holder Compensation Facility Activated for Small General Insurer

The Minister for Financial Services, Chris Bowen MP, has today activated the Financial Claims Scheme (FCS) Policyholder Compensation Facility for a small general insurer, the Australian Family Assu

Terrorism Insurance Act Review: 2009

The Minister for Financial Services, Superannuation and Corporate Law, Chris Bowen MP, today released a report on the 2009 review of the Terrorism Insurance Act 2003.

Transitional Relief For Superannuation Funds: Deductibility of Disability Benefit Premiums

The Minister for Financial Services, Superannuation and Corporate Law, Chris Bowen MP, today announced an amendment to the tax law to provide transitional relief to complying superannuation funds f

Top Australian Regulator Recognised in Appointment to Major International Financial Body

The Minister for Financial Services, Superannuation and Corporate Law, Chris Bowen MP today welcomed the nomination of the Chairman of the Australian Securities and Investments Commission (ASIC) to

Australia rises as Global Financial Services Centre

The Australian Government's goal to develop Australia as a regional financial services hub has received a major fillip with the release of the World Economic Forum's

Austrade's Financial Services Benchmark Report

The Minister for Financial Services, Superannuation and Corporate Law, Chris Bowen MP this evening launched Austrade's 2009 Benchmark Report and the 2009 Australian Financial Mark

20,000 Reasons to be IT Connected

More than 20,000 low income households across Australia now own their own personal computer thanks to Centrelink and not-for-profit organisation WorkVentures.

Data Matching Leading the Fight Against ID Fraud

Sophisticated technology is helping the Federal Government to fight the battle against those who use false information or stolen identities to defraud Australian taxpayers of Government payments an

Short Selling Disclosure Regulations

The Minister for Financial Services, Superannuation and Corporate Law, Chris Bowen MP, today released draft regulations and commentary material in relation to the disclosure of short selling inform

Government Welcomes Productivity Commission's Draft Report on Executive Remuneration

The Government welcomes the release today of the Productivity Commission's discussion draft of its report Executive Remuneration in Australia.

New Margin Lending Investor Disclosure Regime Released

The Rudd Government today released draft regulations for margin lending disclosure and an example Product Discl