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The Minister for Small Business and Assistant Treasurer, the Hon Kelly O'Dwyer MP has removed an outdated mandatory standard that limited the range of motorcycle helmets available for sale by Austr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