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Showing 41 - 50 of 1201 results for "Parliament"

New laws to end unpaid super

ANDREW MCKEAN  |  WEDNESDAY, 29 MAR 2023
... underpayment of workers' superannuation. Treasurer Jim Chalmers announced that new legislation will be introduced to Parliament this week, focused on enshrining workers' right to superannuation payments in the National Employment Standard. This measure ...

Jones to prioritise CSLR legislation

KARREN VERGARA  |  TUESDAY, 21 MAR 2023
... consumers will be waiting until 2024 to receive compensation." Jones aims to put the legislation over the line when parliament reconvenes in about a fortnight. The CSLR aims to provide compensation to eligible consumers who have received a determination ...

ASIC grants MSC Trustees new powers

KARREN VERGARA  |  MONDAY, 20 MAR 2023
The corporate watchdog has bestowed MSC Trustees new powers to act as a trustee for debt instruments such as debentures, notes and bonds issued by public companies, a first for an Australian corporate trustee. MSC Trustees is the first trustee firm ...

FPA voices concern on proposed CSLR, FAR laws

ANDREW MCKEAN  |  FRIDAY, 10 MAR 2023
... promoting consumer trust in financial advice, the FPA expressed reservations about the legislation introduced into Parliament this week, citing concerns about its scope, moral hazard, and cost implications for members. "An effective CSLR will promote ...

Review of managed investment schemes kicks off

JAMIE WILLIAMSON  |  THURSDAY, 9 MAR 2023
... within the scope of the Compensation Scheme of Last Resort (CSLR), legislation for which was once again introduced to Parliament just yesterday. This will come as a blow to the likes of the Financial Planning Association of Australia which last year ...

Government introduces FAR, CSLR Bills

ANDREW MCKEAN  |  WEDNESDAY, 8 MAR 2023
The Financial Accountability Regime and Compensation Scheme of Last Resort have been introduced to Parliament by Assistant Treasurer Stephen Jones. The Financial Accountability Regime (FAR) Bill 2023 aims to promote accountability and responsible behaviour ...

We did too much: Lowe

CASSANDRA BALDINI  |  FRIDAY, 17 FEB 2023
Fronting another parliamentary hearing today, Reserve Bank of Australia (RBA) governor Philip Lowe acknowledged the central bank incorrectly predicted rates wouldn't rise until 2024, admitting he's embarrassed. Lowe explained that the pandemic ...

Government housing measures progress

CASSANDRA BALDINI  |  THURSDAY, 16 FEB 2023
... housing and fund specialist services for veterans who are experiencing homelessness or at-risk of homelessness. In Parliament, Prime Minister Anthony Albanese said: "A home to call your own, whether you own it or not is more than just a place to sleep." ...

ASIC dodges PGPA investigation questioning

CASSANDRA BALDINI  |  THURSDAY, 16 FEB 2023
... existence of the inquiry into the Commissioner provided by ASIC's leadership. "ASIC narrowly averted misleading Parliament and further undermining its reputation," he added. "From ASIC's admission, we now know this inquiry was instigated by the ...

Government progresses social housing measures

KARREN VERGARA  |  FRIDAY, 10 FEB 2023
The Albanese government's package of social and affordable housing legislation was introduced in parliament overnight. Under the Housing Australia Future Fund Bill 2023, some $10 billion will be used to deliver 30,000 social and affordable homes. ...