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Showing 41 - 50 of 50 results for "Labor Senator"

Senate votes against disallowing FoFA amendments

LAURA MILLAN  |  TUESDAY, 15 JUL 2014
... government had succeeded in "removing unnecessary red tape that Labor imposed on the behest of the union movement." Labor Senator Sam Dastyari, who initially forced the vote, reacted strongly to the unexpected announcement. "The government has completely ...

Labor forces tabling of FoFA regulations

LAURA MILLAN  |  THURSDAY, 10 JUL 2014
... tabled the regulations of amendments to the Future of Financial Advice (FoFA) amendments yesterday in the Senate. Labor Senator Sam Dastyari presented an order for the production of the Corporations Amendment (Streamlining Future of Financial Advice) ...

CBA boss to be grilled on Senate report

AAP  |  THURSDAY, 3 JUL 2014
... forging of client signatures to facilitate profit-producing product switches. The committee's chairman, retiring Labor senator Mark Bishop, said CBA failed to open its books and fully identify the number of clients affected and those entitled to compensation. ...

FoFA changes designed to protect big players: opposition

LAURA MILLAN  |  TUESDAY, 17 JUN 2014
Labor, the Greens and Industry Super Australia (ISA) strongly opposed amendments to the Future of Financial Advice (FoFA) legislation on the grounds that changes "seem designed to protect the profits of larger financial services companies." Both Labor ...

ASIC admits wrongdoing in Senate hearing

LAURA MILLAN  |  FRIDAY, 11 APR 2014
... have acted earlier," senior executive leader Greg Kirk said. The hearing reached its most dramatic moments when Labor Senator Mark Bishop asked ASIC officials if they knew that CFP was "sanitising" or "doctoring" client files. During the morning, it ...

CBA promoted Nguyen to keep him away from clients

LAURA MILLAN  |  THURSDAY, 10 APR 2014
... He would supervise, but he would actually physically see fewer clients." This came in response to a question by Labor Senator Mark Bishop about Nguyen's promotion following an internal investigation that included accusations of alleged forgery and fraud. ...

Better ASIC-AFP relationship could lead to more prosecutions

LAURA MILLAN  |  MONDAY, 24 FEB 2014
... clearly that would be far more efficient and would avoid us running out of time to take action," Medcraft admitted. Labor Senator Sam Dastyari noted that "there is obviously a clear divide between the role of ASIC and the role of the AFP" and added that ...

Coonan responds to Labor super initiatives

The government has responded to the first two instalments of Labor's superannuation strategy, claiming the proposals would burden workers and businesses with more red tape and without any real benefit. Minister for revenue and minister assisting the ...

Senate Super Committee calls for rewrite of government portability regulations

Senator Nick Sherry, the shadow minister for retirement incomes and savings, has said that the Senate Super Committee has unanimously requested the Government rewrite its so-called portability regulations. "The portability regulations claim to allow ...

Crean reaffirms opposition to Telstra sell-off

... using government ownership in Telstra to ensure that people get the services they deserve," he said. Yesterday, Labor Senator Sue Mackay said Telstra intended to cut capital expenditure by $600 million in a plan reportedly revealed during a Senate committee ...
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