SYDNEY, Aug. 7 -- Australian Prudential Regulation Authority issued the following media release: The Australian Prudential Regulation Authority (APRA) has released a consultation on proposed non-confidentiality determinations for the general insurance (GI) and life insurance (LI) industries and updates to GI & LI statistical publications. The consultation paper, along with content of the publications and the items proposed to be non-confidential, are available on the APRA website: Enhancements...
CANBERRA, ACT, Aug. 7 -- Geoscience Australia issued the following news release: Earth science at work from land to sea As Australia shivers in the winter, it's a good time to look back over a successful summer of Earth science in the Antarctic. Geoscience Australia's Earth science experts play an important role in the Australian Antarctic Program, applying our specific expertise to our frozen territory in the south. Director of Antarctic Geoscience, Dr Steph McLennan, explained that over th...
CANBERRA, ACT, Aug. 7 -- Australian Federal Police issued the following media release: A Far North Queensland man will face Cairns Magistrates Court today (7 August, 2025) charged for his alleged role in a failed attempt to import 110kg of cocaine via the Torres Strait in September last year. The Yorke Island man, 38, was arrested yesterday (6 August, 2025) on Masig Island in the Torres Strait and charged with one count of possession of a commercial quantity of border-controlled drugs, contrar...
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...