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Showing 101 - 110 of 274 results for "Financial System Inquiry"

Bankers see ASIC user pays model as burden

LAURA MILLAN  |  FRIDAY, 28 AUG 2015
... consultation paper seeking stakeholder views. This consultation is part of the government's consideration of the Financial System Inquiry (FSI), which recommended that ASIC's regulatory activities be funded by industry. The government said that an industry ...

Frydenberg relaxed about SMSF borrowing

DARREN SNYDER  |  MONDAY, 24 AUG 2015
... spoke widely about the parliament's tax and financial services reviews, including that, as part of the Financial System Inquiry (FSI), the government would make a measured response around problems associated with limited recourse borrowing arrangements ...

New draft super governance standards released

MARK SMITH  |  WEDNESDAY, 19 AUG 2015
... Authority (APRA) regulated superannuation funds. Consistent with both the 2010 Cooper Review and the Financial System Inquiry, the Government's proposed reforms will include a requirement that all APRA-regulated superannuation funds have a minimum of ...

Murray slams "silly suggestions"

MARK SMITH  |  TUESDAY, 11 AUG 2015
David Murray, chair of the Financial System Inquiry, has stirred the debate around super board independence, saying it has deteriorated into a "set of silly suggestions." In his final FSI report, Murray recommended that super funds appoint a majority ...

Challenger annuities join CFS platforms

DARREN SNYDER  |  MONDAY, 10 AUG 2015
... launch of the first Comprehensive Income Product for Retirement-style solution, a recommendation by the Financial System Inquiry (FSI). Administration provider AAS also recently partnered with Challenger A to make annuities accessible on its platform ...

Frydenberg slams modern awards as poorly-conceived

DARREN SNYDER  |  FRIDAY, 7 AUG 2015
... have not fallen to expectations, given the system's substantial increase in size and scale. He noted the Financial System Inquiry (FSI) cited data showing that between 2004 and 2013, average fees only fell by 20 basis points "whereas the size of the ...

FSC calls for 12% super by 2022

MARK SMITH  |  THURSDAY, 6 AUG 2015
... approach to define the objective of superannuation and to enshrine it in legislation as recommended by the Financial System Inquiry. "The FSC's definition of the objective of superannuation is to ensure that the majority of Australians achieve an adequate ...

Government to review ASIC

ALEX BURKE  |  FRIDAY, 24 JUL 2015
... and future regulatory changes." Frydenberg noted that the review has come about as a response to the Financial System Inquiry recommendation for periodic reviews of Australia's financial regulators. "Findings of the capability review will also provide ...

SMSF direct property investment jumps 60pct

MARK SMITH  |  FRIDAY, 17 JUL 2015
... advice for SMSFs rather than these sorts of figures. I'm surprise to see them commenting," he said. The Financial System Inquiry (FSI) has recommended banning LRBAs, a move which was drawn criticism from industry quarters. The Association of Financial ...

Banks need to increase capital ratios: APRA

DARREN SNYDER  |  MONDAY, 13 JUL 2015
... comfortably positioned in the top quartile of international peers. In response to a recommendation of the Financial System Inquiry (FSI) that bank capital ratios must be "unquestionably strong" APRA conducted a study comparing the capital position of ...