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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

  •  - Open699 days left to have your say

    Each year, Australian businesses process around 1.2 billion invoices.  Paper and email based invoicing is manually intensive and prone to human error resulting in increased processing costs and payment times for businesses. Electronic invoicing (or e‑Invoicing) is the direct, electronic exchange of invoices between suppliers’ and buyers’ financial systems. e‑Invoicing is a clear opportunity to […]

  •  - ClosedConsultation Paper

    On 8 November 2017 the Government committed to implementing the recommendations of the inquiry into Reforms for Cooperatives, Mutuals and Member-owned Firmed, conducted by Greg Hammond OAM. The Government has today released for public consultation an exposure draft of the Treasury Laws Amendment (Mutual Entities) Bill 2018 and explanatory materials. The Bill introduces a definition of a […]

  •  - ClosedExposure Draft

    The Government is seeking public comment on draft legislation to strengthen penalties for corporate and financial sector misconduct. The draft legislation seeks to: update the penalties for certain criminal offences in ASIC-administered legislation, including: increasing the maximum imprisonment penalties for certain criminal offences; introducing a formula to calculate financial penalties for criminal offences; removing imprisonment […]

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