Media releases

2011

Know Your Limits This Christmas When Reaching For Your Credit Card

With the traditional end-of-year holiday season comes the temptation to splurge on gifts and holidays, but consumers are urged to know their limits before reaching for their credit cards, said P

Inquiry into the Future of the AGM

The Gillard Government will ask the Commonwealth's corporate law advisory body to examine the future of the company annual general meeting (AGM), said Parliamentary Secretary to the Treasurer, D

New Survey Shines a Light on Australians' Financial Literacy

A new survey has found that more people feel they are in control of their finances, with a greater number of households saving on a regular basis in the wake of the GFC, said Parliamentary Secre

Discussion Paper on Reform to Dividends Payment Test

Stakeholders are invited to comment on a discussion paper canvassing options for possible amendments to the dividends payment test, said Parliamentary Secretary to the Treasurer, David Bradbury.

New Centrelink phone scam rip off

Minister for Human Services Tanya Plibersek is warning Centrelink customers to be aware of a new phone scam.

Parliament Passes Laws to Strengthen Protections Against Anti-Competitive Mergers & Unconscionable Conduct

Amendments clarifying and strengthening provisions dealing with unconscionable conduct and creeping acquisitions were passed by the Parliament today, said Parliamentary Secretary to the Treasure

Coin kicks off UN International Year of Cooperatives

The Australian launch of the UN International Year of Co-operatives kicked off today at Parliament House with the release of a $1 collectible coin produced by the Royal Australian Mint recognisi

Parents Warned About Buying Unsafe Child Car Restraints Online

Parents are being warned not to purchase a type of child car restraint being sold online that appears to breach Australia's mandatory safety standards, said Parliamentary Secretary to the Treasurer

Consumer Watchdog Blitz on Dodgy Christmas Toys

Dangerous toys will be removed from shelves in the lead-up to Christmas as consumer affairs agencies blitz thousands of stores, markets and online shops, said Parliamentary Secretary to the Treasur

Scammers Claiming to be from Government are Just Phishing for Your Details

Consumers should be wary of scammers claiming to be from an Australian Government 'reclaims department' who are phishing for important personal data and bank account details, said Parliamentary Sec

ACCC releases guidelines for carbon pricing

Guidelines for businesses making claims about the impact of the carbon price have been released by the Australian Competition and Consumer Commission (ACCC), said Parliamentary Secretary to the

Moneysmart Wins Over 1 Million Users and Snags a Web Award

The Australian Government's consumer finance website, MoneySmart, has attracted more than 1 million users since its launch in March and picked up a web industry award, said Parliamentary Secretary

Planning for Retirement Made Easier with New Online Tools

Working out how much money you will have for each year of your retirement has been made easier with the launch of a new online MoneySmart tool, said Assistant Treasurer Bill Shorten and Parliamenta

COAG Legislative and Governance Forum on Consumer Affairs Votes to Amend the Australian Consumer Law

The COAG Legislative and Governance Forum on Consumer Affairs (CAF) held its first formal vote under the Intergovernmental Agreement for the Australian Consumer Law on 1 November 2011.  CAF agree

Reducing the Cost of Remittances for Commonwealth Developing Countries

Australia will make it cheaper for migrants from Commonwealth developing countries working overseas to send money back home.

Appointment of Part-Time Member to the Financial Reporting Council

I am pleased to announce the appointment of Mr Andrew Fleming as a part-time member of the Financial Reporting Council (FRC) for a three-year period.

Shareholders use new powers under Gillard Government executive pay reforms

Shareholders have used new powers to record a 'strike' against a company this week for the first time since the Gillard Government's executive pay reforms took effect, said Parliamentary Secreta

Appointment of Commissioners to the Australian Securities and Investments Commission

We are pleased to announce the appointments of Mr Peter Kell and Mr Greg Tanzer as full-time Commissioners of the Australian Securities and Investments Commission (ASIC).

Mcewen students get moneysmart

Young people in McEwen are using the Gillard's Government's free website, MoneySmart.gov.au, to learn more about budgeting, saving and avoiding the pitfalls of credit cards and debt.

Abbott gives the Greenlight to Price Gouging

The Leader of the Opposition has given the green light for businesses to use the passage of the carbon price in the House of Representatives to unnecessarily jack up their prices and gouge consu