The government has called an election and is now in caretaker
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Media releases
2021
Government meets legislative commitments in response to Hayne Royal Commission
The Morrison Government has today introduced legislation into Parliament to establish the Financial Accountability Regime and the Compensation Scheme of Last Resort.
Enhancing the super system and driving business investment
The Morrison Government has today introduced into Parliament the Treasury Laws Amendment (Enhancing superannuation outcomes for Australians and helping Australian businesses invest) Bill 2021,
Better Advice Bill passes parliament
The Morrison Government has today passed the Financial Sector Reform (Hayne Royal Commission Response—Better Advice) Bill 2021 (Better Advice Bill) and has fulfilled its commit
Supporting Australia’s FinTech sector
The Morrison Government is supporting Australia’s thriving fintech sector to attract record investment, talent and to create more Australian jobs.
Increased child care support brought forward
Around 250,000 Australian families will now benefit from increased Child Care Subsidy (CCS) from 7 March 2022, four months earlier than first expected.
New rules to support participation in Australia’s Consumer Data Right
The Morrison Government has today made amendments to the Consumer Data Right Rules (version 3 of the rules) that will support increased participation in the Consumer Data Right (CDR) by businesses
Better Advice Bill – Exposure Draft Regulations
The Morrison Government has today released for consultation exposure draft regulations and a draft legislative instrument underpinning the Financial Sector Reform (Hayne Royal Commission Respon
Release of Retirement Income Covenant Exposure Draft
The Morrison Government has today released exposure draft legislation that will introduce a Retirement Income Covenant to give retirees the confidence to spend their superannuation savings, while e
Morrison Government’s expanded Career Revive program supports increased women’s workforce participation
The Morrison Government’s expansion of its Career Revive program is supporting businesses to attract and retain women returning to work after a career break.
Review of occupational exclusions in default insurance in MySuper products
Today the Morrison Government released a consultation paper inviting stakeholder submissions on occupational exclusions in default insurance offered through MySuper products.
Improving the visibility of superannuation assets in family law proceedings
The Morrison Government has today passed through Parliament legislation to improve the visibility of superannuation assets in family law proceedings.
Your Future, Your Super reforms reveal underperforming MySuper products
As part of the most significant changes to superannuation in nearly 30 years, the Morrison Government is holding underperforming funds to account and strengthening protections for the retireme
ASIC red tape reduction unit welcomed
The Morrison Government has today welcomed the Australian Securities and Investment Commission’s (ASIC) plan to create a dedicated unit focussing on minimising regulatory costs for businesses and c
Review of Australia's payments system
The Morrison Government has today released the final report of the Payments System Review, which considered whether the regulatory architecture of the Australian payments system is fit‑
Temporary and targeted relief on ASIC levies for financial advisers
The Morrison Government is today announcing temporary and targeted relief for financial advisers by reducing the cost recovery levies charged by the Australian Securities and Investments Commission
Superannuation portfolio holdings disclosure
The Morrison Government has today released for consultation exposure draft regulations underpinning superannuation fund portfolio holdings disclosures to members, part of the Your Future, Your Supe
Energy consumers to benefit next from Consumer Data Right
The Morrison Government has today released exposure draft legislation that will empower households and businesses to easily and securely share their energy data to find the best deal suited to thei
Data Standards Chair reappointed
The Government has today announced the reappointment of Mr Andrew Stevens as the Data Standards Chair from 14 August 2021 until 28 February 2023.
Improving superannuation financial reporting
The Morrison Government is making important changes to ensure the superannuation system’s financial reporting and auditing framework is commensurate to the size and significance of the sector.
Consultation on Policy Paper for the Better Advice Bill Regulations
The Morrison Government has today released for consultation a Policy Paper on key parts of the Regulations to support the establishment of the single disciplinary body for financial advisers.