Media Releases

Consultation on disclosure in general insurance

16 January 2019

The Morrison Government is continuing to enhance consumer understanding and access to information by today releasing a discussion paper on improving disclosure in the general insurance sector. This discussion paper follows from recommendations made in the Senate Economics References Committee report into the general insurance industry, and seeks views on the issues and objectives behind […]

Country by Country reporting – stopping tax avoidance by multinationals

15 January 2019

Today marks the beginning of the second year of Country by Country (CbyC) report lodgements. Since the first CbyC reports became due in December 2017, the ATO has received 275 reports filed domestically by multinational enterprises and 2,553 reports via automatic exchange from 52 other jurisdictions. CbyC reporting requires multinationals to describe their global operations, […]

Final productivity commission report into superannuation

10 January 2019

The Liberal National Government has today released the final report by the Productivity Commission into the efficiency and competitiveness of Australia's superannuation system. This report was commissioned by our Government just over three years ago. With significant changes in Australia and our workforce since the compulsory superannuation system was introduced in 1992, this review is […]

Government calls on senate to support super bills

9 January 2019

With Industry Superannuation Funds (ISFs) set to overtake Self-Managed Super Funds (SMSFs) as the largest sector in Australian superannuation, Australians need the Coalition Government's Protecting Your Super Package (PYSP) and Member Outcomes No. 2 Legislation passed more than ever. Millions of people will be better off under the Government's superannuation reforms. We're trying to cap […]