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Showing 91 - 100 of 100+ results for "Senate"

Super, life risk face election test

HARRISON WORLEY  |  MONDAY, 6 MAY 2019
... monthly earning threshold are two key planks of the Women in Super 'Make Super Fair' campaign and key recommendations of the Senate Inquiry into Economic Security for Women in Retirement," Wood said at the time. While SMSFs may end up heavily impacted ...

APRA to boost staff numbers

HARRISON WORLEY  |  FRIDAY, 12 APR 2019
... APRA has confirmed it will hire around 100 more permanent staff after its funding boost. In a planned statement to the Senate Economics Legislation Committee, APRA chair Wayne Byers revealed the prudential regulator is looking to hire 100 more permanent ...

Banks push to leave vertical integration on the table

HARRISON WORLEY  |  WEDNESDAY, 10 APR 2019
... time, Australia's banks want to leave the door ajar for a return to the much maligned vertical integration model. As the Senate Standing Committees on Economics probe a Pauline Hanson bill looking to forcefully separate deposit taking banks from wealth ...

APRA receives new super powers

KARREN VERGARA  |  FRIDAY, 5 APR 2019
... position to further their own interests, the explanatory memorandum shows. "For serious contraventions, amendments made by the Senate to this Schedule that were tabled by the Opposition allow for a Court to fine the trustee or director up to 2,400 penalty ...

Don't expect super favouritism: Bowen

HARRISON WORLEY  |  MONDAY, 1 APR 2019
... which would have forced super funds to report their performance for comparison with others. "Labor amended this bill in the Senate to make the outcomes test tougher, make director penalties higher and make APRA's powers stronger," he said. "Millions ...

'Best in show' a no go: KPMG

JAMIE WILLIAMSON  |  WEDNESDAY, 27 FEB 2019
... period, the total number of APRA-regulated funds has dropped from 2149 to 2004. Last week APRA chair Wayne Byres told the Senate Economics Legislation Committee the regulator has "upped the ante" over the past year in identifying underperforming funds ...

Chief economist update: The Fed has hit neutral

BENJAMIN ONG  |  WEDNESDAY, 27 FEB 2019
... Chairman Jerome Powell's semi-annual testimony before the Committee on Banking, Housing, and Urban Affairs of the US Senate - turned out to be a bummer. We've seen this movie before. Copied and pasted below is an excerpt from his speech so you ...

New reforms to smash major super funds

JAMIE WILLIAMSON  |  TUESDAY, 26 FEB 2019
... insight. More than five million superannuation accounts are set to benefit from the new legislation passed through the Senate last week, which includes the capping of fees at 3% for all accounts with a balance of $6000 or less. According to Rainmaker ...

MLC MySuper switches to lifestage

KANIKA SOOD  |  FRIDAY, 22 FEB 2019
... exit/entry fees of 0.05% of the amount moved in or out, following the end to exit fees legislation for which was passed by the Senate on February 14. Rainmaker Information executive director of research and compliance Alex Dunnin said the changes appear ...

More consolidation to come: APRA

JAMIE WILLIAMSON  |  FRIDAY, 22 FEB 2019
... to do so. And a further three could also be headed for the exit door, APRA chair Wayne Byres said. Appearing before the Senate Economics Legislation Committee yesterday, Byres said the regulator has "upped the ante" over the past year in identifying ...