Media releases

2021

Microenterprise program enables women to start up small businesses

The Morrison Government is providing $3.5 million to Grameen Australia to establish and deliver an innovative program to create entrepreneurial opportunities for unemployed women.

Consumer Data Right: Release of Consultation Papers – Strategic Assessment and Telecommunications sectoral assessment

As part of the Digital Economy Strategy announced in the 2021-22 Budget, the Morrison Government committed to an accelerated economy-wide roll-out of the Consumer Data Right (CDR), with a new secto

Release of the Retirement Income Covenant position paper

Today the Government has released a position paper on the retirement income covenant for public consultation.

Taking action on the Banking, Superannuation & Financial Services Royal Commission

The Morrison Government has today released exposure draft legislation to implement a further seven recommendations of the Banking, Superannuation and Financial Services Royal Commission.

Open banking accelerating one year on

The Morrison Government’s world-leading Consumer Data Right reaches a significant milestone today with even more Australians now able to access its benefits across the banking sector.

Better Advice Bill introduced into Parliament

The Morrison Government is introducing further reforms to strengthen the financial advice sector and implement recommendation 2.10 of the Royal Commission into Misconduct in the Banking, Superannua

Superannuation reforms pass parliament – making your super work harder for you

The Morrison Government has today passed through the parliament landmark reforms to Australia’s superannuation system.

Morrison Government delivers for women

The Morrison Government’s economic plan is delivering for Australian women.

Relief for financial advisers to meet their ongoing fee disclosure obligations

The Morrison Government is committed to strengthening and streamlining oversight of the financial advice sector to provide consumers with better access to affordable and high quality financial advi

Improving the visibility of superannuation assets in family law proceedings

The Morrison Government has today released exposure draft legislation that will facilitate the identification of superannuation assets by parties to family law proceedings, leveraging information h

Supporting retirees with extension of the temporary reduction in superannuation minimum drawdown rates

Today the Morrison Government announces an extension of the temporary reduction in superannuation minimum drawdown rates for a further year to 30 June 2022.

Total superannuation assets hit a record high

Confirmation of total superannuation assets reaching an all‑time high means it is more important than ever to pass the Your Future, Your Super legislation currently before the House of Representati

Reducing red tape for superannuation funds – ECPI measures

The Morrison Government has today released exposure draft legislation to reduce red tape for superannuation funds by streamlining some administrative requirements for the calculation of exempt curr

Improving opportunities for home ownership

The Morrison Government is today announcing additional measures to help more Australians own their home sooner as part of the 2021-22 Budget.

A modern digital economy to secure Australia's future

The Morrison Government is investing almost $1.2 billion in Australia’s digital future through the Digital Economy Strategy, as part of this year’s Federal Budget.

Making child care more affordable and boosting workforce participation

To cut the cost of living for around a quarter of a million families and to help boost workforce participation, the Morrison Government will make an additional $1.7 billion

Greater transparency of proxy advice

The Morrison Government is moving to increase the transparency and accountability of proxy advice.

Your Future, Your Super reforms

The Morrison Government has today released for consultation exposure draft regulations underpinning Treasury Laws Amendment (Your Future, Your Super) Bill 2021.

Early release of superannuation a lifeline for Australian families

The Morrison Government today welcomes the release of the Household Financial Resources report by the Australian Bureau of Statistics (ABS).

Strengthening and streamlining oversight of the financial advice sector

The Morrison Government has today released for consultation draft legislation and explanatory material to implement Recommendation 2.10 of the Financial Services Royal Commission and establish a ne