Media releases

2024

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.

Scammer crackdown shows early success as losses fall

A new report by the Australian Competition and Consumer Commission shows the Albanese Government’s plan to crack down on scammers is working.

Buy Now, Pay Later – release of exposure draft legislation

The Albanese Government is opening consultation on draft legislation to regulate Buy Now, Pay Later (BNPL) products in Australia.

Better coordinated financial sector regulation

The Albanese Government will introduce a financial sector regulatory initiatives grid to make sure the standard business of regulation is carried out in a more coordinated way.

Improving the superannuation performance test

The Albanese Government is consulting on options to improve the superannuation performance test to deliver a dignified retirement for more Australians.

Finalisation of the Financial Accountability Regime Minister Rules

The Albanese Government has finalised the Rules to support the full operation of the Financial Accountability Regime as it begins to come into force later this month.

Consultation opens on standardising natural hazard definitions and reviewing standard cover for insurance contracts

The Albanese Government is working to improve insurance affordability as more severe weather events contribute to higher costs.

Meta’s news content announcement

Meta’s decision to no longer pay for news content in a number of jurisdictions represents a dereliction of its commitment to the sustainability of Australian news media.

Appointment – chairperson, Companies Auditors Disciplinary Board

The Albanese Government has appointed Mr Howard Insall SC as the part‑time Chairperson of the Companies Auditors Disciplinary Board (CADB) for a three‑year period.

Appointments – members, Insolvency Practitioner Registration and Disciplinary Committees

The Albanese Government has appointed the following six new part‑time members to the Ministerial pool for the Insolvency Practitioner Registration and Disciplinary Committees (IPRDC), each for a th

Financial services misconduct compensation scheme to start from 2 April 2024

The Government is delivering on its election commitment to give victims of financial services misconduct access to redress and compensation.

Government warns against ruthless romance scammers this Valentines Day

The Albanese Government urges Australians to be vigilant to romance scams as Valentine's Day approaches.

Government’s scam crackdown stops $300,000 transaction

The Albanese government’s scam crackdown shows early signs of success, with scam losses down and call disruption technology saving potential victims from major losses.

2023

Gift safely this holiday season

As 2023 heads into holiday season, people are being reminded that some toys and batteries can pose a risk to young children and babies.

A strong consumer voice in superannuation

The Albanese Government is strengthening the superannuation system to deliver better outcomes for the 16 million Australians with superannuation savings.

Government to implement all recommendations of news media bargaining code review

The Government will implement all recommendations of Treasury’s review of the News Media and Digital Platforms Mandatory Bargaining Code (the Code).

Appointments to Board of Taxation

The Albanese Government has appointed Judy O’Connell and Andrew Mills as part-time members to the Board of Taxation, each for a three-year term.

Consumers in focus as 2023 Australian Consumer Survey released

The Australian Consumer Survey, released publicly today, has helped sharpen the priorities for Commonwealth, State and Territory Consumer Ministers at recent a joint meeting.