The government has called an election and is now in caretaker
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Media releases
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
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.