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Showing 91 - 100 of 149 results for "Economics Committee"

Advisers applaud "historic" ban on commissions

LAURA MILLAN  |  FRIDAY, 20 JUN 2014
... Rantall spoke shortly after Minister for Finance Mathias Cormann issued a response statement to the Senate Economics Committee report on the government's proposed changes to FoFA. "It is a historic day: commissions have been banned in Australia and we ...

Government to pass most FoFA changes through regulation

LAURA MILLAN  |  FRIDAY, 20 JUN 2014
... strong opposition to the amendments. Minister for Finance Mathias Cormann issued a response to the Senate Economics Committee report about the government's proposed amendments to FoFA. "The government's changes to FoFA will be implemented through regulations ...

SPAA voices concern over conflicted remuneration

LAURA MILLAN  |  THURSDAY, 19 JUN 2014
The SMSF Professionals' Association of Australia (SPAA) expressed concern at the Senate Economics Committee decision to back the government's amendments to the Future of Financial Advice (FoFA) law on conflicted remuneration. The organisation also said ...

Cormann ready to issue views on Senate FoFA report

LAURA MILLAN  |  WEDNESDAY, 18 JUN 2014
Minister of Finance Mathias Cormann is ready to issue a response to the Senate Economics Committee report on the Future of Financial Advice (FoFA) reform. A spokesperson for the Minister confirmed to Financial Standard that "the government will announce ...

Xenophon rejects Senate FoFA report

LAURA MILLAN  |  WEDNESDAY, 18 JUN 2014
Independent Senator Nick Xenophon has confirmed that does not support the Senate Economics Committee report on the Future of Financial Advice (FoFA) reform. Xenophon said via his Twitter account that he does not support "the government's FoFA repeal ...

FoFA changes designed to protect big players: opposition

LAURA MILLAN  |  TUESDAY, 17 JUN 2014
... companies." Both Labor and the Greens tabled dissenting reports to the Parliament yesterday, as the Senate Economics Committee presented the conclusions to its inquiry into the Coalition's proposed FoFA amendments. Labor recommended that the bill not ...

Senate report supportive of government FoFA reforms

LAURA MILLAN  |  TUESDAY, 17 JUN 2014
The Senate Economics Committee has shown broad support of the Coalition's proposed amendments to the Future of Financial Advice (FoFA) law, although it suggested some changes. The Committee made public the conclusions of the Senate inquiry into the ...

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 ...

Financial Wisdom to face class action for poor advice

LAURA MILLAN  |  MONDAY, 16 JUN 2014
... and join the class action. The news of a class action against Financial Wisdom comes days before the Senate Economics Committee reports its conclusions of an inquiry into the Australian Securities and Investments Commission's (ASIC) failure to address ...

Palmer United will hold the key to FoFA approval

LAURA MILLAN  |  TUESDAY, 10 JUN 2014
... (FPA) and the Association of Financial Advisers (AFA) have begun to lobby the senators, ahead of the Senate Economics Committee presentation of the report on the FoFA inquiry, on June 16. With 33 representatives in the new Senate, the Coalition will ...