Media releases

2009

Minister Sherry Launches ANZAC Coin for the Perth Mint

Senator Nick Sherry, Minister for Superannuation and Corporate Law, has today launched the first Australian ANZAC coin from a new annual legal tender program honouring all men and women who have

Minister Releases RBA/ASIC Report on Central Counterparty Requirements and Welcomes Rapid Action By ASX/ACH on The Review Findings

Senator Nick Sherry, Minister for Superannuation and Corporate Law, today released the Reserve Bank of Australia (RBA) and Australian Securities and Investments Commission (ASIC) Review of Pa

Opposition's Reckless $5 Billion Super Policy a Poorly Targeted, Job Killing, Administrative Nightmare

Senator Nick Sherry, Minister for Superannuation and Corporate Law, has called the latest Budget attack by the Leader of the Opposition a poorly targeted piece of policy-on-the-run that would lik

Minister Announces Changes to Superannuation Return Reporting

Senator Nick Sherry, Minister for Superannuation and Corporate Law, today announced regulatory changes that will require superannuation funds to report long-term returns prominently in member sta

Australia Fully in Line with International Direction on Short Selling

Key international securities body, the International Organisation of Securities Commissions (IOSCO), today released a report on its preferred international direction for the regulation of short s

Sherry Welcomes Confirmation of Australia's Approach to Credit Rating Agencies

Senator Nick Sherry, Minister for Superannuation and Corporate Law, today welcomed the endorsement of Australia's regulatory response to credit rating agencies (CRAs) by key international securi

Australia-New Zealand Insolvency Law Program

CANBERRA, AUSTRALIA – Senator Nick Sherry, Australian Minister for Superannuation and Corporate Law and the Hon Simon Power, New Zealand Minister of Commerce, met today in Canberra and agreed tha

Productivity Commission and Allan Fels to Examine Executive Remuneration

The Rudd Government has today tasked the Productivity Commission (PC) with examining Australia's framework in relation to the remuneration of directors and executives.

Action on Golden Handshakes

Today Treasurer, Wayne Swan, and Minister for Superannuation and Corporate Law, Senator Nick Sherry, announced reforms aimed at curbing excessive "golden handshakes" - or termination payments - p

Regulations Released for Pension Drawdown Measure to Benefit Retirees

Senator Nick Sherry, Minister for Superannuation and Corporate Law, today announced the release of regulations which give effect to the Government's decision to halve the minimum payment amounts

Amendments to Improve Superannuation Guarantee Late Payment Offset

Senator Nick Sherry, Minister for Superannuation and Corporate Law, has welcomed the successful passage through Parliament of the Tax Laws Amendment (2008 Measures No.

Minister Meets World First Responsible Investment Academy

Senator Nick Sherry, Minister for Superannuation and Corporate Law, has today attended the inaugural Responsible Investment Academy Advisory Council to hand over $2.5 million in funding from the

Minister Sherry Convenes Industry Roundtables to Improve the Quality of Credit Ratings

Senator Nick Sherry, Minister for Superannuation and Corporate Law, has today met with banking and finance industry representatives in Sydney to discuss how to improve the usefulness and quality

Government Enhances Prudential Regulator's Supervisory and Enforcement Power

The Assistant Treasurer Chris Bowen and the Minister for Superannuation and Corporate Law, Senator Nick Sherry, today announced that the Government will shortly introduce legislation to regulate

Minister Welcomes Parliamentary Inquiry

Senator Nick Sherry, Minister for Superannuation and Corporate Law, has today welcomed a Parliamentary Joint Committee on Corporations and Financial Services Inquiry into recent corporate collapses

Opportunity for Hockey to Drop Reckless, Uncosted and Anti-Job Super Policy

Senator Nick Sherry, Minister for Superannuation and Corporate Law, has called on the new Shadow Treasurer Joe Hockey to take the opportunity to officially drop the Opposition's reckless, uncosted

Minister Launches "Step Up" Microfinance Program

Senator Nick Sherry, Minister for Superannuation and Corporate Law, has today launched the StepUP low interest loan program in Tasmania, which is designed to help vulnerable, low income

Senator for Tasmania and Federal Member for Bass Host Economic Roundtable

Senator Nick Sherry, Minister for Superannuation and Corporate Law and Senator for Tasmania, and Jodie Campbell, Federal Member for Bass, today hosted an Economic Roundtable to hear firsthand ab

Treasurer and Minister for Superannuation Announce Pension Drawdown Relief for Retirees

Treasurer Wayne Swan and Senator Nick Sherry, Minister for Superannuation and Corporate Law, today announced relief from minimum account-based pension draw down requirements.

Banned Foreign Directors to be Banned in Australia

Senator Nick Sherry, Minister for Superannuation and Corporate Law, has today welcomed the passage through Parliament of the Corporations Amendment (No 1) Bill 2008 which will ensure that