Stephen Jones 2022

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.

We want to make it simpler and easier to do business in Australia and that’s what this will help achieve in the financial services sector.

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

The performance test helps deliver super returns for Australians and we want to make the test even better.

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.

The Albanese Government is working to improve insurance affordability as more severe weather events contribute to higher costs. As these events intensify and become more frequent, it’s also important consumers know exactly what they are covered for.

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.

The Government has made its expectations clear.

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.

This appointment follows the retirement of Ms Maria McCrossin who has served on the CADB since August 2013 and was appointed Chairperson in December 2015.

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 three‑year period beginning on 2 March 2024:

KIERAN GILBERT:

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

From 2 April 2024, consumers will be able to lodge claims for compensation under the Compensation Scheme of Last Resort (CSLR) with payments to follow for eligible consumers.

TOM CONNELL:

Scams are increasingly costing everyday Australians the tune of at least $3 billion a year, many go unreported for various reasons. The government is pledging to try to protect consumers. Will it do so?