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Banking and finance

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.

Consultations

  •  - Open33 days left to have your sayInvitation to Comment

    In the 2018-19 Budget, the Government responded to the Black Economy Taskforce’s Final Report. This included an announcement of an economy-wide cash payment limit of $10,000 for payments to businesses for goods and services, to apply from 1 July 2019. Transactions in excess of this amount would need to be made using the electronic payment […]

  •  - ClosedDraft Regulations

    Treasury is seeking stakeholder views on the draft Corporations Amendment (Client Money Reporting Rules Enforcement Powers) Regulations 2018. These Regulations complete the Government’s client money reform agenda, designed to strengthen the protection of retail clients of financial services. Specifically, the Regulations propose to give the regulator (the Australian Securities and Investments Commission, or ASIC) necessary […]

  •  - ClosedConsultation Paper

    In the 2017-18 Budget, the Government announced that the it would look to relax the legislative 15 per cent ownership cap so as to reduce barriers for innovative new entrants into the banking sector. This consultation seeks stakeholder views on the exposure draft of the Financial Sector (Shareholdings) Amendment (Relaxing Ownership Restrictions) Bill 2018 and […]

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