Media releases

2022

Responding to the challenge of de-banking

The Albanese Government welcomes the Council of Financial Regulators’ paper on potential policy responses to address the problem of de‑banking in Australia.

Regional Banking Taskforce: final report

The Albanese Government has today released the final report of the Regional Banking Taskforce, which was set up to examine the impact of bank branch closures on regional communities and identify po

Statutory Review of the Consumer Data Right

Today, the Albanese Government released the report of the independent Statutory Review of the Consumer Data Right (CDR), led by Ms Elizabeth Kelly PSM.

ASIC Industry Funding Model discussion paper released

The Albanese Government has released a Discussion Paper to support public consultation as part of the review of the Australian Securities and Investments Commission (ASIC) Industry Funding Model (I

More competition and better prices

The Albanese Government is introducing legislation to protect Australian households and ease the cost of living by increasing penalties for breaches of competition and consumer law.

Appointments to CADB announced

The Albanese Government has today appointed Ms Inge Kindermann as the part‑time Deputy Chairperson to the Companies Auditors Disciplinary Board (CADB) and Ms Naomi Rule and Mr Tony Marks as busines

Expanded CDR draft legislation released

The Australian Government has today released draft legislation to expand the functionality of the Consumer Data Right (CDR) to make it easier and safer for consumers and small businesses to carry o

YFYS Technical Working Group

Australian super fund members deserve the best possible returns on their contributions so they have the most comfortable possible retirement.

CDR to ease pressure on family budgets

Driving down household bills to combat inflation is a key priority for the Albanese Government and technology can help.

Release of Financial Accountability Regime Minister rules for consultation

The Albanese Government has today released the Financial Accountability Regime Minister rules 2022 (Minister rules) for public consultation.

Consultations out for faith-based superannuation legislation

Australians of faith should be able to choose a super fund that invests in accordance with their beliefs.

Hayne Royal Commission recommendations advanced

The Albanese Government is finalising the response to the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry (FSRC) recommendations and the 2016 Review

Consultation open on Your Future, Your Super

The Albanese Government will always look for ways to strengthen Australia’s world-class superannuation system.

Youpla Group Funeral Benefits Program begins Wednesday

The Albanese Government is delivering on its commitment to support the families of deceased Youpla Group policy holders, so they can get on with Sorry Business and bury their loved ones.

Unfair hurdles to class action funding unwound

The Albanese Government has today released draft regulations which unwind the previous government’s unfair treatment of class action plaintiffs.

Notice of AMM disclosure rules finalised

The Governor‑General and the Executive Council have today approved updated regulations relating to requirements for superannuation funds to disclose expenditures with the Annual Member’s Meeting no

Exposure draft legislation: Small business tax incentives

Draft legislation released today will introduce two tax incentives that support small businesses to train and upskill employees, and improve their digital and tech capacity.

Modernising business communications in Treasury portfolio laws

The Australian Government is committed to reducing costs for consumers and businesses by addressing unnecessary barriers to the use of digital communications in Treasury portfolio laws.

Effectiveness and capability review of ASIC

The Albanese Government has today tabled in Parliament the Effectiveness and Capability Review of the Australian Securities and Investments Commission (ASIC) undertaken by the Financial Regulator A

Consultation open on financial adviser education standards

It has never been harder for Australians to access quality financial advice.