No roadblocks to success: CormannBY BEN COLLINS | FRIDAY, 3 AUG 2012 11:45AMMathias Cormann, Shadow Assistant Treasurer and Shadow Minister for Financial Services and Superannuation, came out swinging yesterday, accusing the Federal government of implementing "chaotic and unpredictable" regulations. |
Editor's Choice
Vanguard to acquire custodian Altruist
Vanguard will acquire custodian and investment platform Altruist in a bid to expand into the American independent financial adviser market.
FAAA pushes to expand NCA to financial advisers
Financial Advice Association Australia (FAAA) said it will advocate strongly to expand the scope of the New Class of Advisers' to all financial advisers, which will currently be limited to only superannuation funds and life insurers.
SMSFA appoints head of professional standards
The Self-Managed Super Fund Association (SMSFA) has appointed Keddie Waller as the head of professional standards.
UniSuper unlocks close to $15k for members moving into retirement
Eligible UniSuper members will receive a tax-free bonus of up to $14,700 when they move into retirement phase from October 1.
Further Reading
Products
Featured Profile

Liza McDonald
HEAD OF RESPONSIBLE INVESTMENT
AWARE SUPER
AWARE SUPER
Liza McDonald would have you believe her path from a legal secretary to the head of responsible investment at Aware Super was a matter of good fortune. Her career says otherwise. Riddhima Talwani writes.







Interesting comments given Tony's latest regarding Foreign Investment. The Liberals seem to be becoming protectionists and clearly have given no thought to foreign investment. For starters we are told that Farms are to be protected. So we are taking away the ability of farmers to sell their property at market prices so they now are forced to take a lower price, given that farmland is relatively expensive here compared to the USA , the farms will become considerably cheaper. On the subject of investment, Tony and Co seem to have forgotten that I can control a company through debt as well, especially if I own or control significant portions. I don't think Clive Palmer will be all too pleased if Citic and BOC are told to sell their loans. Nor can I see Clive being funded by the Big 4 Australian Banks. Twiggy, Gina, Nathan, Clive et al have all required Foreign investment to get their companies to where they are today. Tell me the mechanism by which the RBA or AOFM are going to tell the BOC or the People Bank, Banco de Brasil, ADB, ECB, Fed, MAS, HKMA, Bank Negara Dagang, and all the other Supranationals and Central Banks that they cannot invest in the Australian Governbment Bond Market. Talk about off with the fairies the whole process as developed by Julie Bishop clearly shows a distinct and total lack of understanding about investment and is very much policy on the hop. To finish , so Tony is going to tell, Emirates, Singapore Air, Etihad that they cannot own or part own Australian Airlines. What about Optus, and the various Malaysian Governement entities that have significant stakes in our infrastructure, or Ford and GM where there are significant US Government stakes. This smells of paternalism and racism to the extreme