Simplification of the Taxation of Financial Arrangements (TOFA) rules was announced in the 2016-17 Budget.
Improving outcomes for financial consumers: Design and Distribution Obligations and Product Intervention Power
The Turnbull Government has today announced the key features of two important reforms for consumers, to ensure Australians are treated fairly and ethically by financial product providers.
The Turnbull Government has released the Supplementary Final Report of the expert panel reviewing external dispute resolution and complaints arrangements in the financial system (Ramsay Review).
Consultation on Asia Region Funds Passport and Corporate Collective Investment Vehicle taxation bills
The Turnbull Government is seeking public comment on draft legislation for the Asia Region Funds Passport (Passport) and on the tax treatment of Corporate Collective Investment Vehicles (CCIVs).
The Minister for Revenue and Financial Services, the Hon Kelly O’Dwyer MP, today announced the reappointments of Mr Michael Andrew AO as the part-time Chair of the Board of Taxation for a further t
The Minister for Revenue and Financial Services, the Hon Kelly O’Dwyer MP, today released for public consultation an issues paper on the rules for early release of superannuation benefits.
Government responds to Northern Australia Insurance Premiums Taskforce and General Insurance Senate Inquiry
The Turnbull Government has today announced its formal response to the Final Report of the Northern Australia Insurance Premiums Taskforce (the Taskforce), along with its response to the Senate Inq
The Minister for Revenue and Financial Services, the Hon Kelly O'Dwyer MP, today welcomed the guidance released by the Financial Adviser Standards and Ethics Authority (FASEA) on the educational qu
Government to review rules for early release of superannuation, including victims of crime compensation
The Turnbull Government has announced that Treasury will review the current rules governing early release of superannuation on grounds of severe financial hardship and compassionate grounds.
Millions of Australians will benefit from a new one-stop shop dispute resolution body with legislation to establish the Australian Financial Complaints Authority (AFCA) passing the Senate yesterday
The Turnbull Government today introduced a Bill to pave the way for stronger protections for whistleblowers who expose corporate and tax misconduct.
The Turnbull Government has today opened a request for information (RFI) to explore solutions for a potential whole-of-government business registry platform.
The Turnbull Government will reform the administration and oversight of organisations with Deductible Gift Recipient (DGR) status, the Minister for Revenue and Financial Services, the Hon Kelly O'D
Criticism that superannuation and insurance should not have been included in the Royal Commission into the Financial Services sector is misguided and unwarranted, according to the Minister for Reve
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
The Australian Competition and Consumer Commission (ACCC) will host a series of public forums across northern Australia over the next few weeks, the Minister for Revenue and Financial Services, the
The Turnbull Government welcomes today’s release by the ASIC Enforcement Review Taskforce of the positions paper ‘ASIC’s Directions Power’.
The Government has released exposure draft legislation for public consultation on improving the integrity of GST on property transactions, as announced in the 2017-18 Budget.
The Turnbull Government today welcomes the release by Dr Malcolm Edey of the Consultation Paper on the terms of reference, governance and funding arrangements for the Australian Financial Complaint
The ACTU is deliberately setting out to mislead MPs over important, long overdue reforms that will put the retirement savings of millions of workers on a sound footing for the coming decades.