Media releases


Government committed to implementing the Investment Manager Regime

The Government is committed to implementing a practical Investment Manager Regime with the release of updated exposure draft legislation in early 2015.

Fairfax Media wrong again on corporate tax

Fairfax Media this morning ran a story on tax by Heath Aston. The story is wrong. The Government has not let corporate tax avoiders off the hook.

Making over-the-counter derivatives markets safer

The Government is implementing a range of reforms to make over‑the‑counter derivatives markets safer and ensure that regulatory reforms do not impose an unnecessary compliance burden on industry.

Appointments to the Board of Taxation

The Government is pleased to announce four new appointments to the Board of Taxation.

Supporting crowd-sourced equity funding

The Government is committed to creating the right conditions to drive economic growth, support innovation and create jobs by improving Australia’s competitiveness.

Australian Government Actuary’s report on insurance affordability in North Queensland

The Government is today releasing a report by the Australian Government Actuary into home and contents insurance pricing in North Queensland.

Tax offset to boost search for new mineral deposits

The Government is acting to boost exploration for new mineral deposits, bringing legislation into Parliament today that delivers on our election commitment to support junior mineral explorers with

Government on track to deliver financial adviser register

Contrary to inaccurate assertions in the Fairfax press this morning, the Government remains fully committed and on track to deliver on its enhanced, industry-wide public register of financial advis

Agreement reached to re-instate broadly supported elements of FOFA reforms

The Government has agreed with the Opposition that a revised regulation to progress the broadly supported elements of the disallowed Future of Financial Advice (FOFA) Regulations be re-made by the

Senate vote on FOFA

The Senate's vote to disallow the Government's improvements to our financial advice laws, after supporting them twice over the past four months, is bad news for consumers and for small business fin

Australia signs new social security agreement with India

The Australian Government today signed a new social security agreement with the Indian Government which will make retirement easier for residents of both countries and help improve their retirement

More than 2.7 million tax returns lodged via myGov

More than 2.7 million Australians have used myGov to lodge their tax returns this year.

Inspector-General releases two follow up reviews into the Australian Taxation Office

The Inspector-General of Taxation today releases two reports:

Reforms to align, simplify and strengthen insolvency rules

The Government is today releasing draft legislation to implement the first phase of reforms to strengthen and streamline Australia's personal bankruptcy and corporate insolvency regimes.

Treasury increasing productivity by reducing regulation

The Government has delivered on its election promise to cut $1 billion in red and green tape each year with its second Repeal Day.

New tax treaty with Switzerland enters into force

Australia’s new tax treaty with Switzerland entered into force on 14 October 2014.

An enhanced public register of financial advisers

The Government is delivering on our commitment to establish an enhanced, industry-wide public register of financial advisers.

Government response to Senate Inquiry into the Performance of ASIC

The Government has carefully considered all of the 61 recommendations made by the Senate Economics Committee inquiry into the performance of the Australian Securities and Investments Commission and

Initiatives to help address insurance affordability for North Queensland

The Government is delivering on its commitment to assist consumers and increase competition in the North Queensland insurance market.

Electricity prices fall by 5.1 per cent after scrapping the carbon tax

The latest Consumer Price Index shows that all Australians are now benefiting from a 5.1 per cent reduction in electricity prices following the scrapping of the carbon tax.