Media releases

2018

ATO Gosford officially open for business

The Minister for Revenue and Financial Services, the Hon Kelly O'Dwyer MP, today officially opened the Australian Taxation Office's (ATO) new site in Gosford with Federal Member for Robertson, Lucy

Consultation on ASIC Industry Funding Levy Amendments

The Government is committed to improving consumer outcomes in the financial services sector.

Boosting penalties to protect Australian consumers from corporate and financial misconduct

The Turnbull Government is strengthening criminal and civil penalties for corporate misconduct and boosting the powers of the Australian Securities and Investments Commission (ASIC) to protect Aust

Consultation on regulations to protect client money in the financial sector

The Turnbull Government has today released exposure draft regulations (the Regulations) to support and improve the powers of the Australian Securities and Investments Commission (ASIC) to enforce t

Consultation on Ipso Facto Insolvency Regulations

The Turnbull Government is committed to promoting a culture of entrepreneurship and innovation to help drive economic growth, investment and local jobs.

Consultation on ASIC fees-for-service draft legislation

The Turnbull Government is committed to ensuring that ASIC has the resources and powers it needs to combat misconduct in Australia's financial services industry and bolster consumer confidence in t

Appointments to the Takeovers Panel

I am pleased to announce the appointments of part-time members to the Takeovers Panel (the Panel).

Serious financial crime taskforce smashes Australia’s biggest ever tax fraud

Australia's biggest tax fraud was brought to an end today following the hard work of the Turnbull Government's Serious Financial Crime Taskforce (SFCT).

New laws will clamp down on tax evasion in property development sector

The Turnbull Government has successfully passed legislation to clamp down on GST evasion in the property development sector.

Protecting workers’ superannuation

After the inaction of the previous Labor Government, where Bill Shorten and Chris Bowen were responsible for superannuation, it has taken a Liberal Government to protect members' money.

Government takes action to enhance ASIC’s capabilities

The Turnbull Government has today introduced legislation into the Parliament to enhance the Australian Securities and Investments Commission’s (ASIC’s) capabilities, by providing it with greater op

Crackdown on tax avoidance

The Turnbull Government has introduced legislation to further ensure the integrity of Australia’s international tax arrangements, building on our strong measures to ensure if profit is earned here,

Introduction of the Asia Region Funds Passport Bill

The Minister for Revenue and Financial Services, the Hon Kelly O’Dwyer MP, today introduced the Corporations Amendment (Asia Region Funds Passport) Bill.

Strengthening ASIC's leadership

The Government has today introduced legislation into Parliament to enhance the Australian Securities and Investments Commission’s (ASIC’s) capability by creating a second Deputy Chairperson positio

Closing tax consolidation loopholes

Today the Turnbull Government’s commitment to ensure multinationals pay the right amount of tax in Australia continued with the passage through Parliament of the Treasury Laws Amendment (Income Tax

New Educational Standards for Financial Advisers Released for Comment

The Turnbull Government established the Financial Adviser Standards and Ethics Authority (FASEA) – a body comprising industry, consumer ethics and education experts – to raise the education, traini

Building and strengthening ASIC

Today I am pleased to announce that the Turnbull Government intends to create a new Deputy Chairperson role at the Australian Securities and Investments Commission (ASIC).

Labor's retiree tax

The Labor party's latest bright idea, a $59 billion raid on imputation credits, is a direct attack on retirees, pensioners and low income earners that will mean dividends are no longer protected fr

ASIC consults on its oversight of AFCA

The Minister for Revenue and Financial Services, the Hon Kelly O'Dwyer MP, today welcomed the Australian Securities and Investments Commission’s (ASIC) public consultation on draft regulatory guida

Inaugural Chair of the Australian Financial Complaints Authority

The Turnbull Government is focussed on ensuring that the Australian Financial Complaints Authority (AFCA) provides consumers and small businesses with access to a free, fast and binding dispute res