Stephen Jones 2022

The Albanese Government has today tabled in Parliament the Effectiveness and Capability Review of the Australian Securities and Investments Commission (ASIC) undertaken by the Financial Regulator Assessment Authority (FRAA).

It has never been harder for Australians to access quality financial advice.

The Albanese Government is committed to improving the overall professional qualification framework to attract talent back into the industry.

Today we begin that process with the publication of a consultation paper exploring options for improving the overall advice offering.

GREG JENNETT:

TOM CONNELL:

The Australian Government is today inviting comment on two suites of exposure draft legislation to reduce the complexity of Australia’s corporations and financial services law and improve its navigability.

The Albanese Government will improve the way Australia’s regulatory system manages crypto assets, to keep up with developments and provide greater protections for consumers.

Australians are experiencing a digital revolution across all sectors of the economy, but regulation is struggling to keep pace and adapt with the crypto asset sector.

Australian borrowers could benefit from proposed new obligations to empower them to switch lenders and get the best deal.

Consultation is open on a draft designation instrument that would extend the Consumer Data Right to non-bank lenders.

Advice to government suggests this will lower barriers for borrowers switching lenders, leading to greater competitive tension.

The Australian Government is committed to strengthening our trade and investment relationships with Southeast Asia.

The Albanese Government is committed to saving Australian businesses time and money and is encouraging them to participate in eInvoicing Week, which kicks off today.

KIERAN GILBERT: