Media releases

2025

Parliament passes world-leading scams prevention framework

The Albanese Government has legislated the world’s toughest anti‑scam laws to make Australia the hardest target for scammers.

Commonsense changes to help more Australians into a home

Financial regulators will update their guidance to make it easier for Australians with a HELP debt to responsibly take out a mortgage and buy a home, and also unlock the construction of more units,

Technical consultation open on the ban on the use of adverse genetic testing results in life insurance

The Albanese government is progressing work to implement a total ban on the use of adverse genetic test results in life insurance underwriting.

Securing regional banking services

The Albanese Government has secured commitments from the banks to ensure banking services remain available in the regions.

Albanese Government creating a better pathway for financial advisers

The Albanese Government is rebuilding a strong and sustainable financial advice industry that ensures Australians can access high quality and affordable financial advice.

New data shows scam losses continue to fall under Labor

The Albanese Government is taking the fight to scammers and this has driven a 33 per cent drop in scam losses in 2024.

Buy Now, Pay Later regulations set to be finalised

The Albanese Government has released a further exposure draft of regulations governing Australia’s Buy Now, Pay Later (BNPL) sector for technical consultation.

Government response to the independent Review of the Meetings and Documents Amendments

Today, the Government tabled in Parliament its response to the independent review of legislative amendments made in 2021 and 2022 to provide for virtual company meetings and the electronic distribu

Review of the Compensation Scheme of Last Resort

The Albanese Government is directing the Treasury to undertake a comprehensive review of the Compensation Scheme of Last Resort (CSLR) to ensure victims of financial misconduct have a sustainable a

Statement from the Hon. Stephen Jones MP, Assistant Treasurer and Minister for Financial Services, and Member for Whitlam

After 15 years and 5 elections, I am announcing that I won’t be standing for re‑election as the member for Whitlam.

Mandatory service standards for the superannuation industry

The Albanese Government is taking action to raise the bar for member service in superannuation by introducing mandatory and enforceable service standards for all large APRA‑regulated superannuation

Next steps in streamlining Australia’s financial reporting architecture

The Albanese Government is streamlining Australia’s financial reporting bodies to help build a more competitive, dynamic and productive economy.

Beware of Australian Open finals ticket scams

The Albanese Government is calling on Australians to STOP CHECK PROTECT and stay alert to ticket scams as we approach the Australian Open finals.

Reappointment to Board of Taxation

The Albanese Government has reappointed Ms Andrea Laing as a part‑time member to the Board of Taxation (BoT) for a three‑year term until 20 October 2027.

Albanese government launches Fighting Scams Campaign

Today the Albanese government launched the Fighting Scams Campaign, which includes TV commercials and social media ads running until 22 March.

Beware of New Year’s resolution subscription traps

The Albanese Government is cracking down on unfair trading practices that are ripping off Australians.

2024

Australians urged to stay scam-aware this holiday season

The Albanese Government is urging Australians to be vigilant to criminal scammers this holiday season.

Albanese Government opens consultation on the tax regulator secrecy exceptions

The Albanese Government is continuing to strengthen trust and integrity in our tax system as part of our comprehensive response to the PwC tax leaks scandal.

Next steps in ensuring the future of cash

The Albanese Government is taking action so Australians can continue to pay with cash for essential items if they want to or need to.

New tool to streamline and better coordinate financial sector regulation

The Albanese Government has today released a new tool to better streamline and coordinate regulation in the financial sector to help build a more competitive, dynamic and productive economy.