SYDNEY, Aug. 7 -- Australian Prudential Regulation Authority issued the following media release: The Australian Prudential Regulation Authority (APRA) will make changes to its banking framework to increase proportionality and reduce regulatory burden as part of the Council of Financial Regulators' (CFR) Review into Small and Medium-sized Banks. The findings and recommendations of the Review, undertaken by the CFR1 and the Australian Competition and Consumer Commission, were released yesterday ...
CANBERRA, ACT, Aug. 7 -- The Treasurer of Australia issued the following media release: The government is taking the next step in reforming and improving the retirement phase of superannuation to help deliver a more dignified retirement for more Australians. Today we are releasing 2 consultation papers on 2 key planks of our retirement phase reforms to help ensure Australians have the choice, guidance and products they need to make the most of retirement. These reforms are all about ensuring ...
CANBERRA, ACT, Aug. 7 -- The Treasurer of Australia issued the following media release: Today we have released three issues papers ahead of the Albanese Government's Economic Reform Roundtable from 19-21August. The Roundtable is all about building consensus around reforms, the issues papers do the problem definition. The issues papers released today cover each of the three themes of the Economic Reform Roundtable - resilience, productivity, and budget sustainability and tax reform. They defi...
CANBERRA, ACT, Aug. 7 -- Murray-Darling Basin Authority issued the following news release: The trip started in Shepparton, for meetings with the Goulburn Broken Catchment Management Authority, and the Goulburn Murray Water Leadership Group. It was great to hear local perspectives and have an opportunity to update them on MDBA projects. Both groups were keen to hear about the next steps in the Basin Plan Review and to share their views on key issues in the region. The team then travelled to Ec...
CANBERRA, ACT, Aug. 7 -- Murray-Darling Basin Authority issued the following news release: The MDBA has released its Annual Operating Outlook for 2025-26, which outlines how the River Murray System might be managed under different water availability scenarios for the year ahead. The report outlines 6 possible scenarios, ranging from extreme dry to wet conditions. These scenarios are developed as a tool to inform active management of water to meet system needs. As at 1 June 2025, active stora...
CANBERRA, ACT, Aug. 6 -- The Treasurer of Australia issued the following transcript: Note Subjects: Fifth Investor Roundtable, Economic Reform Roundtable, artificial intelligence, PC five pillar reports, working from home, tax, EPBC Act, the Middle East Jim Chalmers: Today I'm convening around $3trillion of institutional investors here in Canberra. This will be the fifth meeting of the Treasurer's Investor Roundtable. It involves big super funds, other large institutional investors, banks an...
CANBERRA, ACT, Aug. 6 -- The Treasurer of Australia issued the following transcript: Note Subjects: artificial intelligence, Investor Roundtable, data centres Sarah Ferguson: Treasurer Jim Chalmers joins me now. Treasurer, welcome to the programme. Jim Chalmers: Thanks very much, Sarah. Ferguson: Clearly, regulation is one of the early fault lines in this debate. But first of all, can you regulate a technology that is evolving so fast? Chalmers: I believe we can. But it's a complex tas...
Belconnen, ACT, Aug. 6 -- ACT Policing issued the following media release: ACT Policing is reminding Canberrans to secure their homes and hide valuables after three teenagers were charged with breaking into a Griffith home. Last month (23 July 2025), three teenagers and an unknown offender in a stolen BMW sedan stopped on a street in Griffith, ACT. A 14-year-old boy and 15-year-old boy attempted to enter a home through the front and rear doors but were unsuccessful as both were locked. At th...
CANBERRA, ACT, Aug. 6 -- The Treasurer of Australia issued the following media release: At today's Investor Roundtable I released the Council of Financial Regulators' (CFR) review into small and medium‑sized bank competition and the government's response to the review. This review looked into ways to help create a more dynamic, diverse and resilient Australian banking sector. A more diverse banking sector is good for competition, good for consumers, good for industry and good for the ec...
CANBERRA, ACT, Aug. 6 -- The Treasurer of Australia issued the following media release: Today we have issued more invitations to the Government's Economic Reform Roundtable, this time for specific sessions of the agenda. The Roundtable is all about building consensus on long term economic reform, with a focus on resilience, productivity and budget sustainability. These invitees bring deep expertise in their respective fields. They include policy experts, economists, heads of key government ag...