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Media releases

2008

Minister Approves Extra ASIC Commissioners

Senator the Hon Nick Sherry, Minister for Superannuation and Corporate Law, is pleased to announce that two additional Commissioners are to be appointed to the Australian Securities and Investmen

Improved Governance for Australia's Accounting and Auditing Standards Bodies

Senator the Hon Nick Sherry, Minister for Superannuation and Corporate Law, has welcomed the passage through Parliament of the Governance Review Implementation (AASB and AUASB) Bill 2008

Indexation of Australian Government Superannuation Schemes to be Examined

Senator the Hon Nick Sherry, Minister for Superannuation and Corporate Law, has today announced the delivery of a Labor election commitment to review the pension indexation arrangements for Austral

Relief from Double Super Payments for Employers

Tax Laws Amendment (2008 Measures No.2) Bill 2008, which provides relief to employers who make superannuation contributions after the due date, has received Royal Assent.

Statement on Parliamentary Committee Report

Senator the Hon Nick Sherry, Minister for Superannuation and Corporate Law, has welcomed the Parliamentary Joint Committee on Corporations and Financial Services Report Better Shareholders

Tax Free Superannuation Payouts Now Available for Terminal Illness

Senator the Hon Nick Sherry, Minister for Superannuation and Corporate Law, has welcomed the passage through Parliament of Tax Laws Amendment (2008 Measures No.2) Bill 2008, which makes superannu

Advice to Super Fund Members on Long-Term Performance

Senator the Hon Nick Sherry, Minister for Superannuation and Corporate Law, has welcomed the release of two Australian Securities and Investments Commission initiatives to help superannuation fun

New Framework for Cross Border Financial Recognition

Senator the Hon Nick Sherry, Minister for Superannuation and Corporate Law, has today welcomed the release of the joint Treasury-ASIC consultation paper Cross Border Recognition: Facilitatin

Minister Welcomes CAMAC Report on Long Tail Liabilities

Senator the Hon Nick Sherry, Minister for Superannuation and Corporate Law, has welcomed today's release of the Corporations and Markets Advisory Committee's report on Long Tail Liabilities.

Super Fund Returns and Retirement Incomes Key Issues for Peak Super Advisory Group

Senator the Hon Nick Sherry, Minister for Superannuation and Corporate Law, has today held high level discussions with the Superannuation Advisory Group on key issues in superannuation.

Minister Launches Financial Literacy Package for Teachers

Senator the Hon Nick Sherry, Minister for Superannuation and Corporate Law and Mr Paul Clitheroe, Chairman of the Financial Literacy Advisory Board, today launched a package of support materials an

Fundamental Reform of Australia's Financial Services and Credit Regulation

Senator the Hon Nick Sherry, Minister for Superannuation and Corporate Law, has today released the Rudd Government's first major step in reforming Australia's financial services and bringing Aus

Reduced Red Tape for Managed Investment Schemes

Senator the Hon Nick Sherry, Minister for Superannuation and Corporate Law, today welcomed amendments to the Corporations Regulations 2001 to reduce the regulatory compliance burden for

Simple Superannuation Advice a Step Closer

Minister for Superannuation and Corporate Law, Senator the Hon Nick Sherry and the Hon Lindsay Tanner MP, Minister for Finance and Deregulation, today welcomed the release of a

Australian Review of Credit Rating Agencies

Senator the Hon Nick Sherry, Minister for Superannuation and Corporate Law, today announced that he has asked the Treasury, working closely with the Australian Securities and Investment Commissio

Company Directors' Survey Launched

Senator the Hon Nick Sherry, Minister for Superannuation and Corporate Law, has today welcomed the launch of a survey of Australian company directors which will provide valuable input to Govern

Prudential Rule Changes Ensure Confidence in Financial Systems

Senator the Hon Nick Sherry, Minister for Superannuation and Corporate Law, has welcomed the passage of the Financial Sector Legislation Amendment (Review of Prudential Decisions) Act 2008 w

Cross Border Insolvency Law Passes

Senator the Hon Nick Sherry, Minister for Superannuation and Corporate Law, has welcomed the passage through Parliament of the Cross-Border Insolvency Act 2008 which will provide busine

$16 Million for Super Clearing House to Slash Business Red Tape

The Rudd Government will provide funding of $16 million over three years to set up an optional superannuation clearing house facility to cut the red tape burden on businesses across Australia, Se