Media releases

2016

Turnbull government delivers on fairer, more sustainable superannuation

The Turnbull Government today secured parliamentary passage of the most comprehensive suite of superannuation reforms in a decade, delivering on our commitment to improve the fairness, sustainabili

Professional Standards For Financial Advisors Introduced

The Minister for Revenue and Financial Services, the Hon Kelly O’Dwyer MP, today introduced legislation into Parliament to mandate professional standards for financial advisers.

A fortnight is a long time in politics

Bill Shorten has had an epiphany following the US election.

Labor’s super backflip to hit women, carers, small business and farmers

Labor’s superannuation tax grab will thwart people who are in and out of the workforce from catching up on their super contributions, the Minister for Revenue and Financial Services Kelly O’Dwyer s

Government moves to protect client monies

The Minister for Revenue and Financial Services, the Hon Kelly O’Dwyer MP, today announced that the Government will proceed with reforms that will provide better protection for retail investors in

Consultation on collective investment vehicle non-resident withholding taxes

The Minister for Revenue and Financial Services, the Hon Kelly O'Dwyer MP, today released a collective investment vehicle (CIV) non-resident withholding taxes paper for public consultation.

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.