Media Releases


Work test exemption for recent retirees

I am pleased to announce that regulations to give recent retirees an extra year to contribute to superannuation have been made by the Federal Executive Council.

Board of Taxation review into granny flat arrangements

The Morrison Government has requested the Board of Taxation undertake a review of the tax treatment of granny flat arrangements and recommend any potential changes.

Backing small business - easier, cheaper and quicker access to resolve tax disputes

The Liberal National Government will make it easier, cheaper and quicker for small businesses to resolve tax disputes with the Australian Taxation Office (ATO).

Government continues to modernise business registers

The Morrison Government is continuing to consult on the modernisation of business registers by undertaking a review of the Australian Securities and Investments Commission's (ASIC) registry fees.

Government calls on business to exempt vulnerable consumers from paper billing fees

The Morrison Government is calling on businesses to take action to promote their exemption programs for paper billing fees to reduce the number of vulnerable and disadvantaged consumers paying fees

Government consults to improve black economy offences and enforcement

The Morrison Government is determined to help honest Australians and their businesses by disrupting the black economy and its unfair advantages.

Commencement of the review of UCTs for small businesses

The Morrison Government is undertaking a review of the current legislative protections provided to small businesses regarding unfair contract terms (UCTs), as part of the Government’s dedication to

Consultation on draft proposals for reform of the early release of superannuation rules

Today I’ve publicly released a consultation paper on changes to the rules governing the early release of superannuation benefits on compassionate grounds and financial hardship grounds.

Improving visibility of superannuation assets in family law proceedings

Women will get a better deal in accessing superannuation assets at the end of a relationship as a consequence of a new information-sharing initiative announced today as part of the Coalition Govern

Have your say on Grocery Unit Pricing

The Morrison Government wants to hear from people and retailers whether the requirement to display the unit price of grocery staples, together with the “headline” price, needs reconsideration, befo

Enhancing the economic independence of women

The Morrison Government has announced new measures supporting women’s economic independence and increase women’s workforce participation, reaffirming its commitment to improving the economic wellbe

Increasing integrity in Government procurement

The Morrison Government is protecting honest businesses by increasing integrity in Government procurement processes.

Morrison Government strengthens NHFIC

The Morrison Government has strengthened the National Housing Finance and Investment Corporation (NHFIC), ensuring Australia is responsive to potential demand for bond aggregator lending to provide

Strengthening competition in the financial system

The Morrison Government continues to demonstrate its commitment to improving competition in the financial sector, with legislation relaxing the restriction on ownership of banks and insurers as wel

Legislation passed to target the black economy and illicit tobacco

The final piece of legislation designed to strengthen the Government’s response to illicit tobacco has passed through Parliament.

FASEA consultations

The Assistant Treasurer, the Hon Stuart Robert MP, welcomes the release of the details by the Financial Adviser Standards and Ethics Authority (FASEA) of its revised standards framework for financi

Consultation on tax implication of AASB17 and other insurance tax issues

Today I’ve released a paper for public consultation on the adoption of a new accounting standard for insurance contracts (AASB17), which will apply mandatorily for annual reporting periods beginnin

Thanking the Inspector-General of Taxation

On behalf of the Morrison Government and the public, I take this opportunity to thank Mr Ali Noroozi and acknowledge his 10 years of service as the Inspector-General of Taxation.

Retirement income covenant and ensuring a fair and effective superannuation system

The Morrison Government has announced new technical changes to address some minor but important issues that affect retirees.

One-stop-shop for financial complaints opens for business

Australian consumers and small businesses will be spared the expense and inconvenience associated with taking financial complaints to court, with the Coalition Government's Australian Financial