The Treasury promotes competitive, efficient markets that work for the good of consumers and investors, a secure financial system and sound corporate practices, and foreign investment consistent with Australia's national interests. This includes regulatory reforms to improve the resilience of the financial system, innovation and consumer outcomes and participation in regional and international forums, such as G20 summits.
In response to recommendations of the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry, the Government announced it would introduce a best interests…
In 1998, the Government introduced levy setting arrangements to recover the majority of the operational costs of the Australian Prudential Regulation Authority (APRA) and other specific costs…
In November 2017, the then Treasurer, the Hon Scott Morrison MP, announced that the Government would introduce a mandatory comprehensive credit reporting regime, requiring the big four banks to…