Media releases

2023

Government taking decisive action in response to PwC tax leaks scandal

The Albanese Government will oversee the biggest crackdown on tax adviser misconduct in Australian history.

Managed investment schemes regulatory framework review consultation now open

Today, the Government has released a consultation paper examining the regulatory framework for managed investment schemes to ensure it remains fit‑for‑purpose and effectively protects investors fro

Insurance claims handling under the microscope in parliamentary inquiry into insurer responses to the 2022 floods

Today, the Assistant Treasurer will give notice to the House of Representatives tabling a motion to establish a Parliamentary Inquiry into insurer responses to the 2022 floods.

Small business and customer data to be safer under CDR improvements

The Albanese Government has taken another step to protect small businesses and their customers, by making important improvements to the Consumer Data Right.

New eInvoicing Hub for Hunter businesses

A new eInvoicing Hub has been established for businesses in the Hunter region of New South Wales to help boost efficiency and combat scams.

The Albanese Government announces inquiry into insurers' response to the 2022 floods

Today, the Assistant Treasurer joined with Andrew Gee, Member for Calare, to announce a parliamentary inquiry into insurers’ response to the 2022 floods.

More insurers join the cyclone reinsurance pool ahead of the 2023-24 cyclone season

As of 1 July 2023, 65% of all Australian home insurance policies are now covered by the cyclone pool.

Effectiveness and capability review of APRA

The Albanese Government welcomes the report of the Financial Regulator Assessment Authority (FRAA) into the effectiveness and capability of the Australian Prudential Regulation Authority (APRA).

First scam “hit squad” assembles as Government launches new National Anti-Scams Centre

The Albanese Government will today launch the cutting edge National Anti-Scams Centre (NASC) - the first line of defence in the fight against scammers.

Maximising investment opportunities and managing climate risks

The Albanese Government is consulting on detailed proposals that will help Australian companies and investors to maximise economic opportunities in the shift to cheaper, cleaner, and more reliable

Review of the ASIC Industry Funding Model

Today the Albanese Government has released the Final Report on the Review of the Australian Securities and Investments Commission (ASIC) Industry Funding Model (IFM).

Victory at last for victims of financial misconduct

Today, the Senate has passed legislation to establish the Compensation Scheme of Last Resort (CSLR), ensuring victims of financial misconduct will finally have access to redress and compensation.

Albanese Government delivers over $1.5 billion in new tax incentives for small and medium businesses

The Government is helping to supercharge Australia’s small and medium businesses with the delivery of more than $1.5 billion in new tax incentives.

Raising the bar on superannuation performance test update 2023

The Albanese Government will ensure that all superannuation trustees are held to account for the performance of their funds.

Delivering better financial outcomes - roadmap for financial advice reform

The Albanese Government will adopt the bulk of Quality of Advice review recommendations to ensure Australians have access to reliable and affordable financial advice.

Tax scammers are targeting you this tax time

As tax time draws closer, the chance of being targeted by tax scammers increases.

Appointment - Chair - Tax Practitioners Board

The Albanese Government has appointed Mr Peter de Cure AM as the Chair to the Tax Practitioners Board (TPB) for a three-year period.

Ensuring external dispute resolution for consumers of financial services

The Albanese Government has today released for consultation

Appointment – part-time Australian independent member – Australia and New Zealand Electronic Invoicing Board

The Albanese Government has reappointed Ms Sarah Lalor as a part‑time independent member (Australia) to the Australia and New Zealand Electronic Invoicing Board (ANZEIB) for another one‑year period

Fighting back against scammer scourge - Government announces new anti-scams centre

Every day, scammers are ripping money out of the pockets of hard‑working Australians, and the Albanese Government is fighting back.