Media releases
2017
Higher standards for financial advisers to commence
The Turnbull Government has delivered on its commitment to lift the professional, education and ethical standards of financial advisers, Minister for Revenue and Financial Services, the Hon Kelly O
Carnell report into banking practices released
The Turnbull Government today released the report of the Australian Small Business and Family Enterprise Ombudsman, Kat
Labor denies job opportunities for Australians
The Labor Party clearly can't be trusted with the economic security of our nation. They are divided on job producing company tax cuts.
Government acting on Super Guarantee non-compliance
Superannuation Guarantee non-compliance is a very serious issue. Employers who do not pay employees their superannuation entitlements are breaking the law.
Commonwealth contribution to Bourke Street Fund
The Turnbull Government joins all Australians in offering our love, solidarity and deepest sympathies to the victims of the vicious and cowardly attack that took place in Bourke Street, Melbourne o
Black Economy Taskforce – invitation for public comment
The Minister for Revenue and Financial Services, the Hon Kelly O'Dwyer MP, today called for stakeholder submissions to the Black Economy Taskforce.
2016
Consultation on whistleblower protections
The Minister for Revenue and Financial Services, the Hon Kelly O'Dwyer MP, today released the 'Review of tax and corporate whistleblower protections in Australia' paper for consultation.
Government appointments
The Turnbull Government has today announced appointments to the Superannuation Complaints Tribunal, the Auditing and Assurance Standards Board (AUASB), the Financial Reporting Council (FRC), the Pr
Government delivers on commitment to facilitate more efficient retirement income products
The Turnbull Government has today released a discussion paper exploring key policy issues to facilitate further development of a framework for the retirement phase of the superannuation system.
Black Economy Taskforce
Australians need to have confidence in our tax system.
New tax treaty with Germany enters into force
The Turnbull Government is pleased to announce that instruments of ratification were exchanged between Australia and Germany on Wednesday 7 December 2016, bringing the new Australia-Germany tax tre
Increasing the accountability of financial product issuers and distributors
Minister for Revenue and Financial Services, the Hon Kelly O’Dwyer MP, today released a consultation paper seeking feedback on two key proposals from the Financial System Inquiry.
Multinationals paying tax on Australian profits
The Turnbull Government's Multinational Anti-Avoidance Law (MAAL) powers have so far forced 24 multinational companies to either restructure their arrangements or signal their intention to do so in
One-stop mega Ombudsman backed by consumer groups
While consumer groups have welcomed a proposal for a mega ombudsman body to resolve banking and finance disputes and complaints, Labor continues to plays cynical games with people's lives.
Landmark interim report paves the way for new financial disputes framework for consumers
The Turnbull Government welcomed the release today of the Interim Report by the independent expert panel reviewing the financial system’s external dispute resolution and complaints framework.
Backing Australia's Wine Industry
The Turnbull Government today announced enhancements to the Wine Equalisation Tax (WET) Rebate to better assist grape growing, winemaking and associated tourism in regional Australia.
Government delivers on commitment to protect client money
The Turnbull Government has today introduced client money reforms to further protect retail investors and increase consumer confidence in the financial services sector.
Life insurance commission reductions to benefit consumers
High upfront life insurance commissions will be reduced with the passage of the Corporations Amendment (Life Insurance Remuneration Arrangements) Bill 2016 in the House of Representatives, the Mini
Government response to the final report of the review of the small amount credit contract laws
The Turnbull Government has today released its response to the final report of the independent review of the small amount credit contract (SACC) laws.
OECD finalises new multilateral convention on tax avoidance
The Organisation for Economic Co -Operation and Development (OECD) has released the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit