Media releases

2003

Government Welcomes National Exchange Licence Conditions

The Parliamentary Secretary to the Treasurer, Senator Ian Campbell, today welcomed the imposition of conditions on a dealer's licence held by Mr David Tweed's National Exchange Corporation P

Senate Program for Budget Week Sitting

Eight bills are listed for debate in the Senate during next week's three-day Budget sitting. They are:

National Exchange "Bottom-Feeder" Warning

The Parliamentary Secretary to the Treasurer, Senator Ian Campbell, today urged shareholders to be wary about a fresh batch of letters of offer from Melbourne share dealer David Tweed's compa

Survey Findings Support Case for Superannuation Choice

The findings from the first national survey of adult financial literacy reinforced the case for superannuation choice, the Parliamentary Secretary to the Treasurer, Senator Ian Campbell, said

Australia Pushes for Further Trade Liberalisation to Reduce Poverty

At the IMF/World Bank Development Committee Meeting in Washington today, the Parliamentary Secretary to the Treasurer, Senator Ian Campbell, emphasised the importance of the immediate engagem

Role of IMF and World Bank in Reconstruction of Iraq Highlighted

At the IMF/World Bank meetings in Washington, DC, Finance Ministers emphasised the contribution the Fund and World Bank can play in the reconstruction of Iraq as well as the need for enhanced

Market Forces Needed to Improve Corporate Governance

Takeover reform was needed in Australia to stimulate takeover activity, the Parliamentary Secretary to the Treasurer, Senator Ian Campbell, told a Securities Institute of Australia lunch in A

Shareholders Want CFOs to Stand Up to Chief Executives

Shareholders expected Chief Financial Officers to be their first safeguards against overly aggressive, high risk Chief Executives, the Parliamentary Secretary to the Treasurer, Senator Ian C

Government Congratulates ASX Corporate Governance Council

The Federal Government today congratulated the Australian Stock Exchange's Corporate Governance Council on the release of its benchmark set of corporate governance guidelines.

Senate Passes Repayment Of Directors' Bonuses Bill

The Senate last night passed without amendment the Corporations' Amendment (Repayment of Directors' Bonuses) Bill 2002.

CLERP 7 Passed by the Senate

Paperwork has been cut and business compliance costs lowered with the Senate's passage yesterday of the Government's seventh chapter of its Corporate Law Economic Reform Program.

Federal Government Continues push for Improvements in Harbour Towage Sector

The Federal Government has supported the Productivity Commission's recent finding that there is scope for towage services in Australia's ports to be provided more cost effectively.

Senate Extends Sitting Hours

The Senate today voted to extend its sitting hours tonight and tomorrow to clear a backlog of business built up because of time taken to debate Australia's involvement in the war in Iraq.

Government Backs Uniform Regulation of Mortgage Broking Industry

The Commonwealth today strongly backed the need for strong nationally uniform regulation of mortgage brokers.

Government Hooks "Bottom-Feeder" Share Dealer

Notorious "bottom-feeder" share trader David Tweed has only two weeks left before having to tell shareholders the market value of their shares or face heavy fines or jail.

Government Urges Senate Cooperation

The Government today urged the opposition parties in the Senate to cooperate to clear a backlog of work caused by last week's debate on Iraq.

New Members Appointed to the Australian Statistics Advisory Council

The Parliamentary Secretary to the Treasurer, Senator Ian Campbell, today announced the appointment of two new members to the Australian Statistics Advisory Council (ASAC).

Workplace Reform Bills Back to Senate Tomorrow For Second Time

Two more bills which are part of the Government's workplace reform package go before the Senate for the second time tomorrow. They are:

M-Commerce Comes Under Expert Group's Eye

The latest emerging trend in electronic purchasing - using mobile phones to buy seats at entertainment venues, for example - will be one area of e-commerce to be examined by the Federal Gove

More Days Banned From Direct Marketing Calls

Telemarketers are now banned by law from selling financial services products on all national public holidays and Sundays.