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Media releases

2016

Consultation on making Employee Share Schemes more user-friendly

The Minister for Revenue and Financial Services, the Hon Kelly O’Dwyer MP, today released the ‘National Innovation and Science Agenda – Employee Share Schemes’ paper for consultation.

Government releases revised life insurance remuneration regulations for consultation

The Minister for Revenue and Financial Services, the Hon Kelly O'Dwyer MP, today released revised life insurance remuneration regulations for consultation.

ASIC Enforcement Review Taskforce

As announced last week, in keeping with the Government's commitment to better protect Australian consumers by strengthening the Australian Securities and Investments Commission (ASIC), the Minister

Professional standards for financial advisers to benefit consumers

The Turnbull Government will introduce legislation into the Parliament this year to mandate professional standards for financial advisers, Minister for Revenue and Financial Services, the Hon Kelly

Takeover Panel Cross-appointment

I am pleased to announce the appointment of Mr Richard Andrew (Andy) Coupe as the part-time New Zealand member of the Australian Takeovers Panel for a five year period.

Release of ASIC report on claims handling in life insurance industry

The Turnbull Government welcomes the release today of the Australian Securities and Investments Commission’s (ASIC) report on claims handling practices in the life insurance industry.

Key life insurance reforms to assist consumers

Minister for Revenue and Financial Services, the Hon Kelly O’Dwyer MP, today reintroduced legislation into Parliament to improve the quality of financial advice and boost consumer confidence in the

Government welcomes release of Life Insurance Code of Practice

The Turnbull Government welcomes today’s release by the Financial Services Council (FSC) of the Life Insurance Code of Practice (the Code).

Greater certainty on integrity rules regarding the taxation of debt and equity: Exposure draft legislation

Minister for Revenue and Financial Services, the Hon Kelly O’Dwyer MP, today released Exposure Draft legislation and explanatory material to provide greater certainty in relation to integrity rules

New budgeting tool helps Australians take control of their finances

The Minister for Revenue and Financial Services, the Hon Kelly O’Dwyer MP, has today launched ASIC’s MoneySmart ‘Simple Money Manager’ at the Australian Bankers’ Association Financial Literacy conf

Appointment of part-time members of the Australian Reinsurance Pool Corporation

I am pleased to announce today the appointment to the Board of the Australian Reinsurance Pool Corporation (ARPC) of two part-time members for three year terms and the reappointment of one part-tim

Superannuation reform: Second tranche of exposure draft

 The Turnbull Government has today released further Exposure Draft legislation and explanatory material for the superannuation reforms first announced in the 2016-17 Budget.

Even fairer, more flexible and sustainable superannuation

The Government has today announced improvements to the superannuation changes announced in the 2016-17 Budget that make Australia’s superannuation system even fairer, more flexible and more sustain

Government introduces further tax improvements

The Turnbull Government is ensuring the sustainability of Australia's tax system through the introduction of the Tax and Superannuation Laws Amendment (2016 Measures No.

External dispute resolution framework issues paper released

The independent expert panel that is conducting the review into the financial system’s external dispute resolution and complaints framework has today released an Issues Paper calling for submission

Superannuation reforms: first tranche of Exposure Drafts

Today the Turnbull Government has released the first tranche of Exposure Draft legislation for superannuation reforms announced in the 2016-17 Budget.

No one hides outside the tax system

Tax criminals have nowhere to hide following investigations by the Serious Financial Crime Taskforce (SFCT) as part of a 'week of action’ in response to tax evasion and crime identified in the Pana

Wine Equalisation Tax rebate paper released

The Turnbull Government today released an implementation paper on tightened eligibility criteria for the Wine Equalisation Tax (WET) rebate, the Minister for Revenue and Financial Services, the Hon

New Australia-Germany double taxation agreement

The Minister for Revenue and Financial Services, the Hon Kelly O’Dwyer MP today introduced legislation to give the force of law to a new tax treaty between Australia and Germany.

Inquiry into small business lending practices

The Australian Small Business and Family Enterprise Ombudsman has been directed by the Turnbull Government to undertake an inquiry into the adequacy of the law to address concerns raised by the Par