The Financial Services Council (FSC) welcomes ASIC’s proposal that financial services businesses no longer need to report minor or technical breaches that do not cause financial loss to consumers under certain circumstances, but more needs to be done. Read more

Australians overwhelmingly distrust the Albanese Government on superannuation taxes and are undecided on whether they can trust the Opposition, a new nationwide poll has found. Read more

The Financial Services Council (FSC) welcomes the Government’s announcement that the Treasury will undertake a review into the Compensation Scheme of Last Resort (CSLR). Read more

The Financial Services Council (FSC) extends its congratulations to the Assistant Treasurer and Financial Services Minister Stephen Jones following the announcement of his retirement. Read more

The financial services industry is calling on both sides of politics to commit to an economic growth agenda, an evidence-based tax review, and to form a red tape razor gang responsible for slashing inefficient regulation to lift Australia out of its economic malaise. Read more

By Blake Briggs, CEO of the FSC The Australian economy is in a malaise, with Gross Domestic Product (GDP) slowing over the course of 2024 and, outside the COVID-19 economic shock, now recording the weakest rate of GDP growth in a generation.   Read more