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Showing 101 - 110 of 761 results for %22Senate%22

Litigation funding fight heats up

ELIZABETH MCARTHUR  |  MONDAY, 13 JUL 2020
The Senate Parliamentary Joint Committee, Corporations and Financial Services looking into litigation funding and the regulation of the class action industry sparked a heated debate today. Menzies Research Centre chief of staff James Mathias was questioned ...

FASEA extension passes

ELIZABETH MCARTHUR  |  WEDNESDAY, 17 JUN 2020
... financial advisers the extension was contained in an omnibus bill which hit a snag last week when it was bounced out of the Senate and back to the House of Representatives after Centre Alliance Senator Rex Patrick sought an amendment. The amendment Patrick ...

Senator remains firm on FASEA extension

ELIZABETH MCARTHUR  |  MONDAY, 15 JUN 2020
... some large corporations on an 'exempted companies' list to not file financial records with ASIC. Patrick insinuated in the Senate that many of the companies on the list are Liberal party donors. He argued an amendment to the omnibus bill was necessary ...

ASIC ends relief for advisers

ELIZABETH MCARTHUR  |  FRIDAY, 12 JUN 2020
... would repeal the instruments following the COVID-19 crisis," the regulator said. "However, following feedback from the Senate Standing Committee for the Scrutiny of Delegated Legislation, ASIC has decided to amend these instruments to include specific ...

FASEA extension hits snag

ELIZABETH MCARTHUR  |  FRIDAY, 12 JUN 2020
... requirements was returned to the House of Representatives after an amendment was sought. Despite being introduced to the senate with bipartisan support, an amendment sought by Centre Alliance Senator Rex Patrick on an unrelated issue has seen the omnibus ...

Short consultation window for stamping fee exemption

HARRISON WORLEY  |  FRIDAY, 5 JUN 2020
... government's decision to remove the exemption a week after Labor's amendment was due to be given airtime in the Senate. Assuming there are no further delays, the exemption being quashed should ensure the FASEA extension's passage through ...

Raiz Super bleeds red

ALLY SELBY  |  WEDNESDAY, 3 JUN 2020
... It comes as superannuation consolidation tool SuperMatch is suspended by the ATO and APRA over fresh fraud fears. In a Senate hearing last week on COVID-19, APRA deputy chair Helen Rowell confirmed that the regulator had identified scammers trying to ...

FASEA boycott sparks in-fighting

ELIZABETH MCARTHUR  |  TUESDAY, 2 JUN 2020
... working Australians and rebuilding confidence in the financial advice industry." She added that legislation is before the Senate to extend the period during which advisers can sit the exam to 1 January 2022.

Chief economist update: What to expect when you're expecting

BENJAMIN ONG  |  TUESDAY, 2 JUN 2020
... lockdown measures are starting to have a positive impact on confidence. So much so, that on May 28, Governor Lowe told the Senate Select Committee on COVID-19 that: "The evidence so far is that our mid-March package is working as expected and it is helping ...

Red tape to slow recovery: Lowe

ELIZA BAVIN  |  FRIDAY, 29 MAY 2020
... called for de-regulation, warning excess regulation threatens the "dynamism" of the Australian economy. Speaking to the Senate Select Committee on COVID-19, Lowe said the past three months have been extraordinary and there has been an unprecedented policy ...