The government has called an election and is now in caretaker
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Media releases
2023
Improving the flexibility of the First Home Super Saver Scheme
The Albanese Government is making it easier for young Australians looking to purchase their first home through the First Home Super Saver Scheme (FHSSS).
Recognising experienced financial advisers
The Albanese Government is taking another step towards making financial advice more available and affordable for Australians.
New legislation to promote more competition in financial markets
The Albanese Government has today passed legislation to improve competition in the trading of shares and other securities as part of important reforms to strengthen Australia’s financial system and
Albanese Government passes major Hayne Royal Commission recommendations
Today, the Parliament has passed the Albanese Government’s legislation to implement the Financial Accountability Regime (FAR).
Time’s up for tricky tactics
The Albanese Government has its sights on the tricky tactics that confuse and frustrate Australians, with the release of a new consultation paper into unfair trading practices.
Data sharing under the microscope
The Albanese Government will examine the practice of ‘screen scraping’ with the release of a new discussion paper.
The Albanese Government stops Business Registers Program after independent review damning assessment
The Albanese Government has today announced it will stop the Coalition’s Modernising Business Registers (MBR) program following independent review findings that the program could not deliver value
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.