Stephen Jones 2022
The Hon Stephen Jones MP
Assistant Treasurer and Minister for Financial Services
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.
Competition plays a vital role in driving down prices and changes to the law are necessary to ensure a level playing field and stop big companies from using their size to dominate markets.
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 business members to the CADB each for a three‑year period.
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 out everyday tasks online.
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.
The Consumer Data Right can boost competition and deliver consumers more choices to help them manage the family budget.
CDR is already delivering gains for consumers in the banking market.
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.
That’s why the Albanese Government recently introduced legislation to adjust how faith‑based products are treated under the Your Future, Your Super annual performance test.
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 of Small Amount Credit Contracts (the Review).
Address to Australian Institute of Superannuation Trustees, teleconference
Hey, good to be with you, Eva and the board of AIST, thanks for the invitation. Sorry I can't be there in person but, as Eva explained in the intro, we've got Parliament sitting this week and it's a pretty hectic schedule. I always enjoy my get-togethers with you guys and I'm sure you're going to have a very productive gathering over the next couple of days.