executives. Duty Free Allowances Cigarettes and Tobacco – Completed Reduces the inbound duty-free allowance for cigarettes E/c Sep 2012 Feb 2017 Published and tobacco from 250 cigarettes or 250 of tobacco to 50 cigarettes or 50 grams of other tobacco products. Excise Tariff Amendment (Tobacco) Bill 2010 and Customs Tariff Amendment (Tobacco) Bill 2010 Completed Increase the excise tariff applying to tobacco products Apr 2010 May 2013 Published by 25 per cent and increase of rates of duty applying to tobacco products imported into Australia by 25 per cent. Farm Management Deposits Completed May 2010 Feb 2014 Early access for primary producers suffering natural Published disasters and improved administration arrangements. Financial Claims Scheme (General Insurers) Levy Bill 2008 Completed Oct 2008 Nov 2012 Provides for the imposition of a levy on general Published insurers in the event of the activation of the Financial Claims Scheme. Foreign Acquisitions and Takeovers Amendment Bill 2009 Completed Feb 2010 Feb 2013 Ensure that any foreign investment irrespective of the Published way it is structured is treated equally under the Foreign Acquisitions and Takeovers Act. Foreign Acquisitions and Takeovers Regulations 2010 (No. 2) Completed May 2010 Feb 2013 Published Remove an exemption that applied to temporary residents buying residential real estate in Australia. Future of Financial Advice Prospective ban on up-front and trailing commissions Completed and like payments for both individual and group risk Jul 2013 Aug 2017 Published insurance within superannuation. Requirement for advisers to client agreement to Completed Jul 2013 Aug 2017 ongoing advice fees every two years (opt-in regime). Published
executives. Duty Free Allowances – Cigarettes and Tobacco Reduces the inbound duty-free allowance for cigarettes and tobacco from 250 cigarettes or 250 of tobacco to 50 cigarettes or 50 grams of other tobacco products. E/c Sep 2012 Feb 2017 Completed Published Excise Tariff Amendment (Tobacco) Bill 2010 and Customs Tariff Amendment (Tobacco) Bill 2010 Increase the excise tariff applying to tobacco products by 25 per cent and increase of rates of duty applying to tobacco products imported into Australia by 25 per cent. Apr 2010 May 2013 Completed Published Farm Management Deposits Early access for primary producers suffering natural disasters and improved administration arrangements. May 2010 Feb 2014 Completed Published Financial Claims Scheme (General Insurers) Levy Bill 2008 Provides for the imposition of a levy on general insurers in the event of the activation of the Financial Claims Scheme. Oct 2008 Nov 2012 Completed Published Foreign Acquisitions and Takeovers Amendment Bill 2009 Ensure that any foreign investment irrespective of the way it is structured is treated equally under the Foreign Acquisitions and Takeovers Act. Feb 2010 Feb 2013 Completed Published Foreign Acquisitions and Takeovers Regulations 2010 (No. 2) Remove an exemption that applied to temporary residents buying residential real estate in Australia. May 2010 Feb 2013 Completed Published Future of Financial Advice Prospective ban on up-front and trailing commissions and like payments for both individual and group risk insurance within superannuation. Jul 2013 Aug 2017 Completed Published Requirement for advisers to client agreement to ongoing advice fees every two years (opt-in regime). Jul 2013 Aug 2017 Completed Published