Media releases

2024

Consultation on the eligibility requirements for tax practitioner registration with the Tax Practitioners Board is now open

Today, the Albanese Government has released a consultation paper reviewing the Tax Practitioners Board (TPB) registration requirements for tax practitioners.

Albanese Government backs Pacific banking for stability and prosperity in our region

The Albanese Government is making further investments to help prevent the loss of banking services in the Pacific.

The ATO joins the Australian Financial Crimes Exchange

The Albanese government is implementing a world leading anti‑scam plan, that has already seen scam losses fall for the first time since 2016.

Albanese government passes financial advice laws

The Albanese government has passed the first tranche of legislation to deliver its comprehensive package of reforms to ensure Australians have access to quality and affordable financial advice.

Albanese Labor Government support for small business passes Parliament

The Albanese Labor Government’s practical measures to support millions of small businesses and help them invest and grow has passed the Parliament today.

Appointment – Inspector-General of Taxation

The Albanese Government has appointed Ms Ruth Owen CBE as the Inspector‑General of Taxation (IGT) for a five‑year period commencing on 15 July 2024.

Government joins cutting edge intel tool to fight scammers

Today the Albanese Government will join a cutting‑edge intel exchange between Australian banks, telecommunications companies, digital platforms, and the Australian Financial Crimes Exchange (AFCX).

Singapore delegation a show of strength against scammers

This week the Assistant Treasurer will lead a delegation to Singapore to strengthen collaboration on our scammer crack down across the region.

Government introduces consumer protections for Buy Now Pay Later

The Albanese Government will today introduce new consumer protection legislation for Buy Now Pay Later (BNPL) that will see BNPL operators regulated as consumer credit.

Insurance Affordability and Natural Hazards Risk Reduction Taskforce

The Albanese Government is establishing the Insurance Affordability and Natural Hazards Risk Reduction Taskforce as part of the federal budget to develop an integrated, cross‑government ap

Albanese Government continues crackdown on scammers

The Albanese Government has delivered an additional $67.5 million in the 2024–25 Budget as part of our second tranche of reforms to crackdown on scammers.

Tax reform to ease cost‑of‑living pressure, support investment and a Future Made in Australia, and create a fairer system

The Albanese Labor Government is delivering a tax cut for every taxpayer because we want hardworking Australians to keep more of what they earn.

Albanese Government’s Joint Select Committee into social media

The Albanese Government will move to establish a Joint Parliamentary Select Committee into the influence and impacts of social media on Australian society.

Consultation commences on regulation of the tax and accounting sectors

The Albanese Government is acting to rebuild resilience and confidence in our tax and accounting sectors.

Government plan working as scam losses drop

A new report released today shows annual scam losses have declined for the first time since 2016, following the Albanese Government launching the National Anti‑Scam Centre in July 2023.

Appointments – members, Takeovers Panel

The Government has recently appointed and reappointed the following part‑time members to the Takeovers Panel (the Panel) for a three‑year period beginning on 30 April 2024.

Financial services misconduct compensation scheme up and running

The Albanese Government is strengthening the financial system to provide victims of financial services misconduct with access to redress and compensation.

Government warns of malicious myGov scammers

The Albanese Government urges Australians to be vigilant to scammers targeting ATO log in details to commit tax fraud.

New legislation to increase the accessibility and affordability of financial advice

Today, the Albanese Government has introduced the first tranche of legislation to deliver its comprehensive package of reforms to ensure Australians have access to quality and affordable financial

New bicycle helmet safety standard to save industry millions

Today, the Assistant Treasurer has accepted the Australian Competition and Consumer Commission’s recommendation to implement a new safety standard for bicycle helmets.