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Showing 111 - 120 of 148 results for "Parliamentary Joint Committee"

AFA urges Independents to help change FOFA

CLAIRE MCGREAL  |  THURSDAY, 8 MAR 2012
... that Independents would be key in efforts to amend the legislation as its stands. It followed the Parliamentary Joint Committee's (PJC) 220 page report on FOFA, which recommended the legislation come into effect on July 1 as planned. "It was disappointing ...

FOFA provisions will go ahead: PJC

ELISE BURGESS  |  THURSDAY, 1 MAR 2012
The date is set for FOFA to start on July 1 this year with the Parliamentary Joint Committee releasing its report, complete with 15 new recommendations. In its 220-page report, the Parliamentary Joint Committee (PJC) noted that despite industry calls ...

FOFA discontent rumbles on after PJC findings

CLAIRE MCGREAL  |  THURSDAY, 1 MAR 2012
... best interest remain the sticking points for industry bodies following yesterday's release of the Parliamentary Joint Committee report on FOFA. The 220 page report, which took into account over 70 submissions from concerned groups, contained 15 recommendations ...

Conflict of interest still key issue: ASIC shadow shop

CLAIRE MCGREAL  |  TUESDAY, 21 FEB 2012
... "consequences of how it might be applied". Sanders also maintained the number of submissions received by the Parliamentary Joint Committee (PJC) reflected the ambiguity surrounding the legislation. "I think the general noise...in relation to the 73 submissions ...

No time for FOFA impact statement: OBPR

MELANIE TIMBRELL  |  WEDNESDAY, 15 FEB 2012
... existed but timing was a factor in getting the statements to a suitable standard. In evidence to the Parliamentary Joint Committee inquiry into the FOFA reforms held last month Jim Murphy, market group executive director for Treasury said, "the fact ...

Trio super victims receive compensation

CLAIRE MCGREAL  |  WEDNESDAY, 8 FEB 2012
... Government said it is continuing to review future compensation arrangements. Meanwhile separate ASIC and Parliamentary Joint Committee investigations into the Trio collapse are ongoing.

APRA MySuper changes burden for industry

MELANIE TIMBRELL  |  MONDAY, 6 FEB 2012
... draft MySuper Bill is unnecessary and inefficient, according to retail bodies. Submissions to the Parliamentary Joint Committee on Corporations and Financial Services call into question the new authorisation requirements for tailored products, saying ...

FOFA debate due after PJC report: Shorten

CLAIRE MCGREAL  |  MONDAY, 6 FEB 2012
... Assistant Treasurer Bill Shorten has confirmed FOFA legislation won't be debated by MPs until after the Parliamentary Joint Committee has delivered its report and recommendations on the bill. Opposition spokesman on Financial Services Mathias Cormann ...

ASIC questioned over new powers

ELISE BURGESS  |  WEDNESDAY, 25 JAN 2012
... faced questions over the potential risks in its proposed increase in powers under FOFA during the Parliamentary Joint Committee yesterday in a session where the regulator gave preliminary results to its planning shadow shop survey with "woeful" results ...

AMP: FOFA needs a rigorous stocktake

CLAIRE MCGREAL  |  TUESDAY, 24 JAN 2012
... Bill as it stands had "so many problems" a "rigorous stocktake" was needed. Appearing before the Parliamentary Joint Committee yesterday, managing director AMP Financial Services, Craig Meller, expressed a number of underlying concerns, including the ...