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Showing 1071 - 1080 of 1727 results for "Provisio"

Senate FoFA conclusions expected today

LAURA MILLAN  |  MONDAY, 16 JUN 2014
The Senate Economics Committee is expected to release its conclusions on the Future of Financial Advice (FoFA) inquiry later today. The report will allow the government to form a final opinion on the amendments to the FoFA legislation, which have been ...

Majority of Australians say 'no' to fossil fuel investment

JAMES FERNYHOUGH  |  WEDNESDAY, 4 JUN 2014
The vast majority of Australians do not like the idea that their superannuation is invested in fossil fuels, a new survey has found. According to the report, 67% of Australians would choose a superannuation fund that does not invest in fossil fuels ...

Treasury consults on unclaimed monies time window

ALEX DUNNIN  |  WEDNESDAY, 28 MAY 2014
Treasury has issued a discussion paper announcing a review into the period before which monies held in inactive bank accounts and life insurance policies are transferred to the government. In releasing the discussion paper this week, Finance minister ...

FSC apologises to AusSuper for misinformed tweet

JAMES FERNYHOUGH  |  MONDAY, 26 MAY 2014
The Financial Services Council (FSC) has issued an apology on Twitter after it wrongly stated that AustralianSuper collects $19 million a year for intra-fund advice. The tweet, which was issued on 22 May, stated: "$19 million collected by AustralianSuper ...

Intra-fund advice is also a commission: FSC

LAURA MILLAN  |  FRIDAY, 23 MAY 2014
The Financial Services Council (FSC) said that asking for a ban of commissions on general advice is "hypocritical" when intra fund advice itself is "non-transparent." FSC policy and global markets director Andrew Bragg and senior policy manager Cecilia ...

FPA and AFA unite: stop commissions on general advice

LAURA MILLAN  |  THURSDAY, 22 MAY 2014
The two advice bodies have asked for a complete removal of commissions on general advice during their appearance at the Senate hearing about the Future of Financial Advice (FoFA). The Association of Financial Advisers (AFA) and the Financial Planning ...

Macquarie admits "unresolved matters" with ATO

LAURA MILLAN  |  WEDNESDAY, 21 MAY 2014
Macquarie Group has admitted it has "unresolved matters" with the Australian Tax Office (ATO), but it considers it holds "appropriate provisions" in those. The group reacted to information published by Fairfax Media, which revealed a full-scale audit ...

CBA, CSSA promote FoFA legal loophole

JAMES FERNYHOUGH  |  MONDAY, 19 MAY 2014
Corporate super specialist advisers have found a legal loophole that could allow them to maintain a business model that has been banned under the Future of Financial Advice (FoFA) legislation. The loophole, as described by Commonwealth Bank of Australia ...

Budget speech 2014 -15

Madam Speaker, I move that the Bill for the Budget be now read a second time. Our future depends on what we as a nation do today. For our children, for our seniors, for individuals, for families, for our disabled and for our frail, for all of us, the ...

Westpac weighs in on FoFA debate

LAURA MILLAN  |  FRIDAY, 9 MAY 2014
Westpac said that the government's proposed changes to the Future of Financial Advice (FoFA) legislation are "necessary" to ensure consumer protection. Westpac is the first of the Big Four to have its say on the FoFA changes, which are A currently being ...