Media releases

2015

Asia Region Funds Passport provides opportunity for Australia’s financial services sector

Cross border issuing of managed investment funds is set to become easier across the Asia region following the signing of the Asia Region Funds Passport Statement of Understanding at the APEC Financ

Coalition Government fixes unclaimed money provisions

The Government has delivered on its commitment to protect Australians’ hard-earned savings accounts with the passage of the Banking Laws Amendment (Unclaimed Moneys) Bill 2015 through the

Public consultation commences on an industry funding model for the Australian Securities and Investments Commission

The Government has today released a consultation paper seeking stakehold

Wine Equalisation Tax Rebate Discussion Paper released and Consultative Group appointed

Today the Government released the Wine Equalisation Tax (WET) Rebate Discussion Paper.

Outcomes of superannuation governance consultation

The Government is committed to delivering the best possible outcomes for Australians saving for their retirement.

Northern Australia Insurance Premiums Taskforce Interim Report

Today the Government welcomes the release of the Northern Australia Insurance Premiums Taskforce Interim Report.

Review of the small amount credit contract laws

The Government is establishing a review of the small amount credit contract (SACC) laws and related provisions in the National Consumer Credit Protection Act 2009 (Credit Act).

Capability review of the Australian Securities and Investments Commission

The Government is commissioning a review to consider the capabilities of the Australian Securities and Investments Commission (ASIC).

Income tax relief for MySuper transfers within a fund

The Government will amend the income tax law to ensure that the existing MySuper tax relief covers the consequences of transfers within a super fund, where the transfer is required under the law.

Improving superannuation governance

The Government has released exposure draft legislation delivering on its commitment to improve governance in superannuation.

Finalising the Future of Financial Advice laws

The Government has agreed with the Opposition to progress minor and technical refinements to the Future of Financial Advice (FOFA) laws contained in the Corporations Act 2001.

Industry reform proposal on retail life insurance welcomed

The Government welcomes the significant reform package received today from the Association of Financial Advisers (AFA), Financial Planning Association of Australia (FPA) and Financial Services Coun

Key tax measures pass the Parliament

The Government has furthered its commitment to increasing Australia’s economic competitiveness while restoring the budget with the passage of the Tax and Superannuation Laws Amendment (2015 Measure

Promoting Australia's financial services capabilities in Japan and Korea

I will visit Japan and Korea this week to participate in a range of high-level discussions with key government and business representatives on A

Release of Board of Taxation reports

Today the Government is releasing a number of Board of Taxation reports, as part of the national conversation on the future of the tax system. 

Referral to Parliamentary Joint Committee on Corporations and Financial Services

Today I moved a motion to refer matters relating to the impairment of customer loans to the Parliamentary Joint Committee (PJC) on Corporations and Financial Services for inquiry.

Financial Advisers Register supporting better consumer outcomes

The inclusion from today of advisers’ training, qualifications and professional association memberships on the Financial Advisers Register delivers on the Government’s commitment to implement an in

Measures to boost philanthropy in Australia

The Prime Minister’s Community Business Partnership today consolidated its commitment to increasing philanthropy in Australia. 

Appointments to the Board of Taxation

The Government is pleased to announce three new appointments to the Board of Taxation, Mr Neville Mitchell, Ms Karen Payne and Mrs Ann-Maree Wolff.

Details of the Northern Australia Insurance Premiums Taskforce

On 30 March 2015, I announced a Northern Australia Insurance Premiums Taskforce to explore options for reducing home, contents and strata insurance premiums in Northern Australia.