Stephen Jones 2022

SABRA LANE:

If you received your home insurance renewal recently, you'll know premiums are skyrocketing. The median price has gone up 28 per cent in the past year, according to the Australian Actuaries Institute and in flood-prone areas, that figure's 50 per cent. The federal government knows it's a big problem. Parliament set up an inquiry into it.

The Albanese Government has appointed Douglas Niven as the full-time Chair of the Auditing and Assurance Standards Board for a period of five years. 

The AUASB plays an incredibly important role in our economy by developing, issuing and maintaining auditing and assurance standards.

The Albanese Government has appointed Kevin Lewis as a part‑time independent reviewer of recent amendments to Australia’s continuous disclosure laws under the Corporations Act 2001. 

The review will consider whether the legislation introduced by the former government in 2021 is working in support of an efficient, effective and well‑informed market.

STEPHEN JONES:

PETER STEFANOVIC:

Prominent Yes campaigner Marcia Langton has claimed most No arguments are based on racism or sheer stupidity. Ms Langton made the claims at a forum in Western Sydney on the weekend.

[Excerpt]

MARCIA LANGTON:

The Albanese Government is delivering significant new practical measures to support Australian small businesses and to help them prosper.

The Government has today introduced the Treasury Laws Amendment (Support for Small Business and Charities and Other Measures) Bill 2023 (the Bill) into Parliament.

The Albanese Government is making it easier for young Australians looking to purchase their first home through the First Home Super Saver Scheme (FHSSS).

The FHSSS is intended to allow first home buyers to make voluntary contributions to their superannuation and release these savings, with associated earnings, for a home deposit.

The Albanese Government is taking another step towards making financial advice more available and affordable for Australians.

Parliament has passed legislation to deliver on the Government’s election commitment to make it easier for experienced advisers to stay in the industry. Without these measures, thousands of advisers would be forced to leave the industry.

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 modernise our economy.

Today, the Parliament has passed the Albanese Government’s legislation to implement the Financial Accountability Regime (FAR). This completes the final major recommendation to Government made by the Banking Royal Commission.

Financial services executives make decisions that impact upon the lives of all Australians. They must be held to high standards of accountability and integrity.