Media releases

2018

Turnbull Government Seeks States’ Support to Expand Financial Literacy in Schools

The Turnbull Government knows that supporting financial literacy can improve the lives of Australians, as poor financial literacy is an impediment to financial security for Australian families.

Supporting early release of superannuation benefits on compassionate grounds

The Turnbull Government has today released for consultation the exposure draft regulations on the transfer of the early release of superannuation benefits on compassionate grounds to the Australian

Further consultation on revised Asia Region Funds Passport legislation

The Turnbull Government is seeking further public comment on revisions to draft legislation for the Asia Region Funds Passport (Passport) following substantive consultations occurring between Decem

Delivering security and choice for older Australians

Minister for Revenue and Financial Services, the Hon Kelly O'Dwyer MP, today announced the establishment of a consumer and industry advisory group to assist in the next phase of development for a f

Acting to ensure multinationals pay their fair share

The Government is acting to improve the integrity and operation of the business tax system by introducing legislation to close loopholes in the tax consolidation regime that create unintended tax o

Combating illicit tobacco

The Turnbull Government is continuing the fight against illicit tobacco – today introducing into Parliament legislation to create a comprehensive set of offences targeting illicit tobacco.

Consumers win as a one-stop-shop for financial complaints passes through parliament

Millions of Australian consumers and small businesses are today the big winners, with the passage of legislation to establish the Australian Financial Complaints Authority (AFCA), and confirmation

Release of the Board of Taxation's report on Bare Trusts

The Government welcomes the release of the Board of Taxation's report Review of the Tax Treatment of Bare Trusts and Similar Arrangements, which follows the completion of a self-initiated review.

Consultation on the treatment of reversionary transition to retirement income streams

The Government has today released exposure draft legislation to ensure that a reversionary Transition to Retirement Income Stream (TRIS) will always be allowed to automatically transfer to eligible

Public consultation on draft legislation to toughen the Multinational Anti-Avoidance Law

If a multinational corporation makes money in Australia, it’s only right that they pay tax in Australia, which is why the Turnbull Government has introduced new laws to close loopholes and ensure p

Consultation on multilateral treaty preventing tax avoidance

The Government today has released for public consultation Exposure Draft legislation and an accompanying draft Explanatory Memorandum for the implementation of the Multilateral Convention to Im

Targeting key areas of the black economy

The Minister for Revenue and Financial Services, the Hon Kelly O'Dwyer MP, today introduced a Bill into Parliament specifically aimed at black economy activities.

Clamping down on tax evasion

The Government has today introduced legislation that delivers on its 2017-18 Budget commitment to strengthen compliance with GST law in the property development sector.

Appointment of members to the Australian Government Financial Literacy Board

The Minister for Revenue and Financial Services, the Hon Kelly O’Dwyer MP, has today announced reappointments to the Australian Government Financial Literacy Board (the Board).

Consultation on protecting your superannuation entitlements

It is not acceptable for people not to be paid their superannuation entitlements.

Consultation on key Turnbull Government housing measures

Acting Treasurer, the Hon Kelly O'Dwyer MP, today released for public consultation exposure draft legislation to establish a new corporate Commonwealth entity, the National Housing Finance and Inve

Consultation on Superannuation Taxation Integrity Measures

The Minister for Revenue and Financial Services, the Hon Kelly O'Dwyer MP, today released for public consultation draft legislation and a consultation paper entitled ‘Superannuation Taxation Integr

Australian companies take up crowdfunding opportunity

The Coalition Government welcomes ASIC's ground-breaking issuance of the first batch of licences allowing seven intermediaries to help small and innovative companies to raise funds from a crowd of

Transparency of business tax debts

The Minister for Revenue and Financial Services, the Hon Kelly O'Dwyer MP, today released exposure draft legislation and explanatory material for public consultation that will authorise the Austral

Encouraging innovation and trade in funds management in our region

On 15 January, the Minister for Revenue and Financial Services, the Hon Kelly O'Dwyer MP will attend the Asian Financial Forum in Hong Kong.