Media releases

2022

Tax cheats put on notice

Australians expect everyone to pay their fair share of tax. But new ATO figures released today show an estimated annual shortfall of $33.4 billion between tax owed and tax paid.

Landmark funding to help reduce insurance costs

An Albanese Government initiative to help reduce the cost of insurance in communities at risk of natural disasters, will enhance mitigation measures and drive better outcomes for insurance holders.

Remaking sunsetting Superannuation Auditor Registration Imposition Regulations

The Albanese Government has released for public consultation the Superannuation Auditor Registration Imposition Regulations 2022 (the Regulations) which remake and improve the operation of

Director ID campaign launch

The Albanese Government is today launching a new awareness campaign to help company directors get their director identification number (director ID) as the 30 November deadline quickly approac

New Westpac scam prevention centre welcomed

Protecting Australians from scammers is a key priority for the Albanese Government.

Responding to the challenge of de-banking

The Albanese Government welcomes the Council of Financial Regulators’ paper on potential policy responses to address the problem of de‑banking in Australia.

Regional Banking Taskforce: final report

The Albanese Government has today released the final report of the Regional Banking Taskforce, which was set up to examine the impact of bank branch closures on regional communities and identify po

Statutory Review of the Consumer Data Right

Today, the Albanese Government released the report of the independent Statutory Review of the Consumer Data Right (CDR), led by Ms Elizabeth Kelly PSM.

ASIC Industry Funding Model discussion paper released

The Albanese Government has released a Discussion Paper to support public consultation as part of the review of the Australian Securities and Investments Commission (ASIC) Industry Funding Model (I

More competition and better prices

The Albanese Government is introducing legislation to protect Australian households and ease the cost of living by increasing penalties for breaches of competition and consumer law.

Appointments to CADB announced

The Albanese Government has today appointed Ms Inge Kindermann as the part‑time Deputy Chairperson to the Companies Auditors Disciplinary Board (CADB) and Ms Naomi Rule and Mr Tony Marks as busines

Expanded CDR draft legislation released

The Australian Government has today released draft legislation to expand the functionality of the Consumer Data Right (CDR) to make it easier and safer for consumers and small businesses to carry o

YFYS Technical Working Group

Australian super fund members deserve the best possible returns on their contributions so they have the most comfortable possible retirement.

CDR to ease pressure on family budgets

Driving down household bills to combat inflation is a key priority for the Albanese Government and technology can help.

Release of Financial Accountability Regime Minister rules for consultation

The Albanese Government has today released the Financial Accountability Regime Minister rules 2022 (Minister rules) for public consultation.

Consultations out for faith-based superannuation legislation

Australians of faith should be able to choose a super fund that invests in accordance with their beliefs.

Hayne Royal Commission recommendations advanced

The Albanese Government is finalising the response to the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry (FSRC) recommendations and the 2016 Review

Consultation open on Your Future, Your Super

The Albanese Government will always look for ways to strengthen Australia’s world-class superannuation system.

Youpla Group Funeral Benefits Program begins Wednesday

The Albanese Government is delivering on its commitment to support the families of deceased Youpla Group policy holders, so they can get on with Sorry Business and bury their loved ones.

Unfair hurdles to class action funding unwound

The Albanese Government has today released draft regulations which unwind the previous government’s unfair treatment of class action plaintiffs.