Media releases

The Coalition Government is providing more than $550 million in the 2019-20 Budget to help restore trust in Australia’s financial sector as part of our plan for a stronger economy and a secure and

A report by the Council of Financial Regulators (CFR) and the Australian Taxation Office (ATO) has found that assets held by self-managed superannuation funds (SMSFs) under 'limited recourse borrow

The Coalition Government is committed to strengthening our tax rules, ensuring Australia's tax integrity laws are among the strongest in the world and delivering a tax system that is internationall

Recommendation 1.15: Enforceable code provisions The Coalition Government has today released a consultation paper on making provisions of financial services industry codes of conduct more

The Coalition Government will invest $2.1 million in the Melbourne Indigenous Transition School (MITS) to construct a new Alumni Boarding House to support the wonderful work MITS does with remote a

The Coalition Government has today provided a submission to the independent Expert Panel of the Fair Work Commission as part of the Commission’s Annual Wage Review, providing the Commission with fa

Following consultation with the States and Territories, I have accepted the recommendation of the Commonwealth Grants Commission (CGC) on the GST revenue sharing relativities for 2019-20.

Following consultation with the mortgage broking industry and smaller lenders, the Coalition Government has decided to not prohibit trail commissions on new loans, but rather review their operation

Today's National Accounts show that the Australian economy grew by 2.7 per cent in calendar year 2018, consistent with trend growth.

The Coalition Government is backing Tasmanian small businesses with a $6.4 million investment in red tape reduction, to make it easier for new businesses to start and for existing businesses to gro

The Government has today released the first report of the Register of Foreign Ownership of Water Entitlements, delivering on our commitment to increase transparency around holdings of Australia’s w

The Coalition Government is getting on with the job of restoring trust in Australia’s financial system, taking action on all 76 recommendations contained in the Final Report of the Royal Commission

Recommendation 4.8: Removal of claims handling exemption The Coalition Government has released a consultation paper on removing the exemption of insurance claims handling from the definit

The Government has today announced the appointments of the President and members of the Takeovers Panel.

The Morrison Government is continuing to drive down power prices with a price safety net locking in better deals for tens of thousands of small businesses and up to 750,000 residential customers

The Coalition’s comprehensive response was delivered on 4 February, four days after having received the Final Report.

Recommendation 2.4: Grandfathered Commissions The Coalition Government has released exposure draft legislation to ban grandfathering of conflicted remuneration paid to financial advisers.

The International Monetary Fund (IMF) has recognised Australia's "above-trend growth" in its annual assessment of the Australian economy and welcomed the steps taken "to further strengthen the fina

Sixteen days after receiving the Final Report of the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry, the Labor Party has provided part-responses to

The Coalition Government has extended the Australian Financial Complaints Authority’s (AFCA) remit to consider financial complaints dating back to 1 January 2008, providing expanded access to redre