Media releases

2003

Scare Tactics Used to Cash-In on Financial Service Licences

Some lawyers and consultants were using scare tactics and charging companies exorbitant fees to complete financial services licence applications ahead of next year's March 11 de

Government Welcomes Insurance Contracts Issues Paper

The Parliamentary Secretary to the Treasurer, Senator Ian Campbell, today welcomed the release of an issues paper linked to the current review of the Insurance Contracts Act 198

Government Boosts Funding for Financial Reporting Council

The Federal Government has injected an additional $2 million into the Financial Reporting Council in the lead-up to the adoption of international accounting standards in 2005.

Review of the Insurance Contracts Act

This Media Release was released jointly with Senator the Hon. Helen Coonan, Minister for Revenue and Assistant Treasurer.

Productivity Commission to Review Rules of Origin Arrangements Under Australia-New Zealand Closer Economic Relations Trade Agreement

The Parliamentary Secretary to the Treasurer, Senator Ian Campbell, today asked the Productivity Commission to provide advice on whether there were any existing economic or administrative pr

Single Asia-Pacific Finance Market A Priority

The formation of a single Asia Pacific finance market was one of the next major steps in globalisation of financial service, the Parliamentary Secretary to the Treasurer, Senator Ian Campbell

Takeovers Panel Appointments

The Parliamentary Secretary to the Treasurer, Senator Ian Campbell, today announced the appointment of two new members to the Takeovers Panel.

Clerp 9 Will Enhance Independence Of Investment Research

The Federal Government today welcomed the release of a report by the Australian Securities and Investments Commission into the independence of research analysts in the investmen

The Senate Delays Yet Another Key Government Bill

The Senate today held up debate on yet more Government legislation by referring the Medicare and Private Health Insurance Bill to a committee which is not due to report for more

Asic to Report on Take-Up of New Superannuation Fees Model

The Parliamentary Secretary to the Treasurer, Senator Ian Campbell, said today he would ask the Australian Securities and Investment Commission to monitor adoption of the new mo

Government Supports New Fees Disclosure Model

The Parliamentary Secretary to the Treasurer, Senator Ian Campbell, today welcomed the release of a good practice model for fees disclosure of investment products.

ACCC Public Liability & Professional Indemnity Insurance Monitoring Report

This Media Release was released jointly with Senator the Hon. Helen Coonan, Minister for Revenue and Assistant Treasurer.

Commonwealth, States and Territories Agree on Property Investment Hustlers

The Commonwealth, States and Territories agreed today to set up a working party to establish a common regulatory framework to deal with high pressure property investment marketers.

Commonwealth to Tackle Debt Problem for Young People

The Federal Government will lead the States in finding ways to stem the rising rate of debt incurred by teenagers, said to be running as high as $25,000 for some.

Government Urges States to Agree to National Clamp on Property Hustlers

The Federal Government tomorrow will urge the States to develop a nationally consistent approach to deal with property investment marketing hustlers.

Free Trade Agreement Springboard to Asia-Pacific Finance Market

A free trade agreement with the United States would be a springboard for the creation of a single Asia-Pacific rim finance zone with almost 70 per cent of global market capitali

Expert Group to Review E-Commerce Best Practice Model

The Parliamentary Secretary to the Treasurer, Senator Ian Campbell, today announced a review of the Federal Government’s approach to consumer protection in e-commerce to ensure it remained a

Australia Joins OECD to Protect Consumers Against International Scams

Australia has joined forces with OECD countries to protect consumers against the growing problem of cross-border fraud and other scams, particularly on the internet.

Newcastle Stock Exchange Gains Foreign Investment Fund Listing Approval

The Federal Government has added the Newcastle Stock Exchange (NSX) to the list of approved stock exchanges for the purposes of the Foreign Investment Fund (FIF) regime, the Minister for

Financial Services Reform Amendment Bill

The Parliamentary Secretary to the Treasurer, Senator Ian Campbell, today released a list of proposed legislative changes designed to clarify aspects of new arrangements introduced by the Fin