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Showing 1111 - 1120 of 2575 results for "Treasury"

Default retirement products not good enough: Milliman

JAMIE WILLIAMSON  |  MONDAY, 22 MAY 2017
... funds will need to get creative if they are to solve such complex retirement problems with a default solution. "As the Treasury paper makes clear, CIPRs are not an excuse to encourage sales of annuities or particular retirement income products. It will ...

Crowe Horwath managing partner to depart for government role

ALEX BURKE  |  FRIDAY, 19 MAY 2017
... Queensland and member of the accounting and audit committee. Before joining, he was chief financial officer of the Queensland Treasury, assistant Auditor-General at the Queensland Audit Office and a senior associate with ASIC. "Brendan has been a key ...

Treasury responds to ABA derision over bank levy

JAMIE WILLIAMSON  |  WEDNESDAY, 17 MAY 2017
Secretary to the Treasury has shot down claims from the Australian Bankers' Association that the proposed bank levy disregards Government best practice guidelines. In a submission to Treasury lodged on Monday, ABA chief executive Anna Bligh claimed ...

Banks hoping to stall new tax

JAMIE WILLIAMSON  |  TUESDAY, 16 MAY 2017
... the Government to hold off on implementing the proposed levy announced in last week's Federal Budget. In submissions to Treasury, both ANZ and Commonwealth Bank identify significant risks to Australia's economic and financial systems as a result of the ...

ACSA names new deputy chair

ALEX BURKE  |  MONDAY, 15 MAY 2017
... ACSA's board also has a new treasurer: BNP Paribas chief administrative officer Daryl Crich, replacing RBC Investor and Treasury Services director, product Asia-Pacific Gordon Little. Explaining the board changes, ACSA chair David Knights said: "We are ...

Three steps and yields stumble

BENJAMIN ONG  |  MONDAY, 15 MAY 2017
... is in line with inflation expectations measured using the yield differential between nominal US Treasuries and TIPS (treasury inflation protected securities). The 10-year yield differential currently stands at 1.82% - down from 2.0% (when the Fed announced ...

LRBA loophole for SMSFs removed

EMMA RAPAPORT  |  THURSDAY, 11 MAY 2017
... banning of all direct borrowing by SMSFs to "cool an overheated housing market." The LRBA measure is estimated to increase treasury revenue by $4 million, while the related-party transaction measures will add $20 million.

Government bond issuance to fall 20pct

ALEX DUNNIN  |  WEDNESDAY, 10 MAY 2017
... $80 billion. Net of buybacks and maturations this gross amount reduces $34 billion, they added. The AOFM said Weekly Treasury Bond tender issuance of around $1.4 billion each week, in addition to tenders held in conjunction with buyback tenders, will ...

APRA announces promotions, new hires

ALEX BURKE  |  WEDNESDAY, 10 MAY 2017
... take over responsibility of APRA's diversified institutions division as general manager. He joined APRA in 2011 from HM Treasury in the UK, where he was a senior policy adviser. Current deputy head of the European Central Bank's financial regulation ...

Major banks receive Budget shakeup

JAMIE WILLIAMSON  |  TUESDAY, 9 MAY 2017
... entities protected by the Financial Claims Scheme. In its Federal Budget, the Government has also allocated $1.1 million to Treasury to oversee the timely implementation of A More Accountable and Competitive Banking System - a continuation of the existing ...