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Showing 91 - 100 of 363 results for %22Senate Committee%22

APRA pushes for greater control over super

KARREN VERGARA  |  WEDNESDAY, 11 OCT 2017
APRA is calling on the Senate to increase its regulatory powers to help improve superannuation governance, transparency and member outcomes. APRA deputy chair Helen Rowell told the Senate Economics Legislation Committee aiming to address weaknesses ...

Members better off with equal representation: AIST

KARREN VERGARA  |  TUESDAY, 10 OCT 2017
... mandatory for member funds from 1 July 2018. Separately, SMSF Association chief John Maroney recently told a Senate Committee employees have the fundamental right to choose their own super fund - SMSF members are not the only ones affected by lack of ...

Industry body questions AFCA funding model

EMMA RAPAPORT  |  THURSDAY, 28 SEP 2017
... distributed across the financial services industry to reflect the accountability of each sector. In its submission to the Senate Standing Committee on Economics, the Australian Institute of Superannuation Trustees will argue that the funding model for ...

Group insurance inaction is "robbery": Inquiry

KARREN VERGARA  |  FRIDAY, 8 SEP 2017
... superannuation funds and life insurance premiums is equivalent to theft, according to today's life insurance parliamentary inquiry. Senate Parliamentary Joint Committee on Corporations and Financial Services chair Steve Irons said the responsibility ...

Complex operations leaving life customers confused

KARREN VERGARA  |  FRIDAY, 18 AUG 2017
... what they are insured for, a public hearing found. TAL group chief executive and managing director Brett Clark told the Senate Parliamentary Joint Committee on Corporations and Financial Services today how frustrating it is to modernise an industry that's ...

Low inflation exporter

BENJAMIN ONG  |  TUESDAY, 11 JUL 2017
... the Eurozone, among others. We'll soon find out what the Fed makes of all these when Chair Janet Yellen testifies before Senate Banking Committee this Wednesday and before the House Financial Services Committee the following day. Will Janet still maintain ...

FoFA should also protect retail banking customers: FSU

KARREN VERGARA  |  THURSDAY, 29 JUN 2017
... sales-based incentives, according to the employee, this is yet to take effect at the branch level. Also addressing the Senate committee was Kilian Colin, a former personal banker at Wells Fargo for three years until June 2016. He stated there were "unreasonable ...

Industry supports super threshold removal

EMMA RAPAPORT  |  TUESDAY, 20 JUN 2017
... along with other steps to ensure workers receive their superannuation entitlements." The proposal was put forward by the Senate Economics Committee and supported by Liberal Senator Jane Hume and Labor Senator Chris Ketter. It calls for the $450-a-month ...

Broaden levy to foreign banks: Big four

KARREN VERGARA  |  MONDAY, 19 JUN 2017
... reached, they said. Conversely, the Customer Owned Banking Association chief executive Mark Degotardi told the Senate committee the levy was a "modest step" towards reducing the unfair funding cost enjoyed by the major banks. The perception that the ...

Banks narrowly avoid parliamentary inquiry

EMMA RAPAPORT  |  FRIDAY, 16 JUN 2017
... Inquiry fell short by a single vote in the House of Representatives yesterday. The Bill, which successfully passed the Senate with the backing of Labor, One Nation, the Nick Xenophon Team, and Senators Lambie, Hinch and Williams, was later defeated in ...