Media releases

2015

Creating a culture of entrepreneurship and innovation

The Turnbull Government’s National Innovation and Science Agenda (NISA) contains a number of significant reforms which will assist businesses by encouraging entrepreneurship and innovation, Ministe

More motorcycle helmets cleared to be sold in Australia

The Minister for Small Business and Assistant Treasurer, the Hon Kelly O'Dwyer MP has removed an outdated mandatory standard that limited the range of motorcycle helmets available for sale by Austr

Raising professional standards of financial advisers

The Turnbull Government has today released exposure draft legislation to give effect to reforms to raise education, training and ethical standards for financial advisers, Minister for Small Busines

Improvements to the Life Insurance Industry

Exposure draft legislation has been released publicly today to give effect to an industry reform package which will improve the remuneration arrangements in the life insurance advice sector, Minist

Legislation to strengthen liquidator regulation

The Turnbull Government has today introduced the Insolvency Law Reform Bill into the Parliament to strengthen and streamline Australia's personal bankruptcy and corporate insolvency regimes, Minist

Enabling crowd-sourced funding for small business

Legislation has been introduced into Parliament today to provide a framework for crowd-sourced equity funding (CSEF), encouraging Australians to innovate and invest, Minister for Small Business and

Parliament passes key tax improvements

The Turnbull Government has continued its commitment to fairness and sustainability in Australia’s tax system with the passage of the Tax and Superannuation Laws Amendment (2015 Measures No.

Minister for Small Business welcomes Government’s response to the Harper Review

The Minister for Small Business and Assistant Treasurer, the Hon Kelly O'Dwyer MP, today welcomed the Government's response to the Competition Policy

FOFA Bill passes the Senate

The Senate has passed the Corporations Amendment (Financial Advice Measures) Bill with bipartisan support, Minister for Small Business and Assistant Treasurer, the Hon Kelly O'Dwyer MP said.

Financial Market Infrastructure resolution and the licensing of overseas Financial Market Infrastructure reports welcomed

The Turnbull Government welcomes the release of the Council of Financial Regulators' (CFR) reports on Financial Market Infrastructure (FMI) resolution and the licensing of overseas FMI, Minister fo

New opportunities on the horizon for SMEs

Small and medium enterprises (SMEs) will soon find it easier to enter new markets and build business and trade links following an APEC workshop in Sydney.

Government announces significant improvements to life insurance industry

Today, I am pleased to announce that industry has come together to reach consensus on the implementation of important improvements to the remuneration arrangements in the life insurance advice sect

Australia hosts APEC workshop to promote SMES and innovation

Small and medium enterprises (SMEs) are at the forefront of services exports growth and the Australian Government is committed to supporting SMEs to thrive in an increasingly interconnected global

Consultations on free range eggs information standard – extension for written submissions

Minister for Small Business and Assistant Treasurer the Hon Kelly O’Dwyer MP today announced an extension period for written submissions in response to the egg labelling consultation paper.

Government response to the Financial System Inquiry

Today we are pleased to release the Turnbull Coalition Government’s response to the Financial System Inquiry (FSI).

Tax Transparency Bill passes Parliament

The Coalition Government has ensured the taxation details of Australian-owned private companies will remain exempt from Labor’s public disclosure taxation rules, after the Senate passed the Tax and

Government multi-agency approach to fight serious financial crimes

Serious financial crime has the potential to undermine the integrity of Australia’s economy and law enforcement activities and poses a significant threat to the Australian community, estimated to c

New small business protections from unfair contract terms

Minister for Small Business and Assistant Treasurer, the Hon Kelly O'Dwyer MP, announced today that the Coalition Government is delivering one of its key election commitments to extend consumer unf

Base erosion and profit shifting package

It is self-evident that multinationals operating in Australia should pay tax on profits properly attributable to Australia.

Consultation paper released for national standard on egg labelling

Minister for Small Business and Assistant Treasurer the Hon Kelly O'Dwyer MP today released the consultation paper to consider options to enhance consumer confidence and certainty around