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Showing 91 - 100 of 127 results for "Cormann 15"

Coalition releases super manifesto

ALEX DUNNIN  |  WEDNESDAY, 20 JUN 2012
Shadow spokesperson for superannuation, Senator Mathias Cormann, has released a wishlist for what he believes is needed to fix falling confidence in superannuation and the list looks very much like a superannuation policy manifesto for the 2013 federal ...

Coalition clears up FOFA questions

MELANIE TIMBRELL  |  MONDAY, 28 MAY 2012
With FOFA legislation due for debate in the Senate next month, the Opposition's spokesperson on Financial Services has provided details on what FOFA would look like under a coalition government. Speaking at an Association of Financial Advisers Budget ...

PJC blasts Trio follow-up

MELANIE TIMBRELL  |  WEDNESDAY, 16 MAY 2012
The Parliamentary Joint Committee on Corporations and Financial Services has expressed strong concern over lack of follow-up from regulators and criminal authorities in the wake of the Trio Capital collapse. In the report on the largest superannuation ...

Less tax appeal for high income earners in super

MELANIE TIMBRELL  |  MONDAY, 30 APR 2012
High-income earners are set to see superannuation tax concessions cut in next week's budget. The move to increase tax on concessional contributions to 30% is likely to affect the approximately 128,000 Australians who earn more than $300,000 a year. ...

Industry rejects changes to super tax

MELANIE TIMBRELL  |  MONDAY, 23 APR 2012
Superannuation industry bodies have launched strident opposition to leaks revealing superannuation tax concessions will be impacted by the Government return to surplus. Tax concessions currently cost Treasury in the order of $30bn each year, with Labor ...

Speculation grows on super tax breaks

ALEX DUNNIN  |  FRIDAY, 20 APR 2012
Two days after opposition Treasurer Joe Hockey said in a landmark interview that Australia needs to end its cult of welfare entitlement, speculation is rising the government is considering a clampdown on untargeted superannuation tax concessions. On ...

Budget tightening to hit IMR

MELANIE TIMBRELL  |  WEDNESDAY, 11 APR 2012
Revenue constraints and an unwillingness to concede reductions in the tax base may impact the timing of the Investment Manager Regime. That was the inference made by Treasury official Rob Heferen at the Senate Standing Committee on Economics yesterday. ...

FOFA discontent rumbles on after PJC findings

CLAIRE MCGREAL  |  THURSDAY, 1 MAR 2012
Opt-in, annual fee disclosure and 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 ...

No time for FOFA impact statement: OBPR

MELANIE TIMBRELL  |  WEDNESDAY, 15 FEB 2012
The Office of Best Practice Regulation has said time pressures prevented an adequate regulatory impact statement being prepared on six elements of the FOFA legislation. Speaking before a Senate Estimates committee, Jason McNamara, executive director ...

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  ...