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Showing 101 - 110 of 132 results for "Mathias Cormann"

Advisers urged to keep up pressure on FOFA change

CLAIRE MCGREAL  |  FRIDAY, 16 MAR 2012
... changes to elements of the planned legislation. Leading the charge from the Opposition benches is shadow assistant Mathias Cormann, who welcomed what he called the government's "back-down" on the mandatory implementation date, and re-iterated his party's ...

FOFA discontent rumbles on after PJC findings

CLAIRE MCGREAL  |  THURSDAY, 1 MAR 2012
... key concerns over the FOFA legislation in the wake of the PJC report. Opposition spokesman on Financial Services Mathias Cormann said he believed implementation costs would likely amount to around $700 million, with a further $350 million per year required ...

FOFA debate due after PJC report: Shorten

CLAIRE MCGREAL  |  MONDAY, 6 FEB 2012
... Committee has delivered its report and recommendations on the bill. Opposition spokesman on Financial Services Mathias Cormann announced on Friday that FOFA would be debated in parliament during the week 13- 16 February, nearly two weeks before the Parliamentary ...

ASIC questioned over new powers

ELISE BURGESS  |  WEDNESDAY, 25 JAN 2012
... regulator gave preliminary results to its planning shadow shop survey with "woeful" results for planners. Senator Mathias Cormann questioned the Australian Securities and Investments Commission (ASIC) commissioner Peter Kell about the enhancement in ...

Annual fee collation too complex: FPA to PJC

MELANIE TIMBRELL  |  TUESDAY, 24 JAN 2012
... in and create some kind of consolidated report." The FPA concluded in agreement with a statement from Senator Mathias Cormann on the possibility of consumers paying an adviser to collate all fees in a single statement if they so wish, rather than creating ...

FOFA moderate and reasonable: ISN

CLAIRE MCGREAL  |  TUESDAY, 24 JAN 2012
... $2,130 to $1,188, "largely driven by the increase in uptake of scaleable advice". Meanwhile Opposition Senator Mathias Cormann quizzed Industry Super Network (ISN) representatives on whether they were "surprised" by the government's inclusion of a retrospective ...

Default super inquiry receives positive response

CLAIRE MCGREAL  |  MONDAY, 23 JAN 2012
... not competitive and inappropriately favours union dominated industry super funds". Shadow Assistant Treasurer Mathias Cormann also said the process shouldn't take as long as eight months. "The government should also amend its My Super legislation currently ...

Ripoll defends FOFA integrity

ELISE BURGESS  |  MONDAY, 21 NOV 2011
... cost attached to it but the overall service of providing advice will be more affordable and accessible." Senator Mathias Cormann responded that the Ripoll enquiry never recommended opt-in or a ban on insurance commissions inside super. "Since Bernie ...

Industry funds not our focus: Cormann

ELISE BURGESS  |  WEDNESDAY, 26 OCT 2011
... the Opposition on the introduction of reforms in the advice industry. Senator and shadow assistant treasurer, Mathias Cormann, received a warm reception when he addressed delegates yesterday at the Association of Financial Advisers (AFA) conference to ...

Future Fund not for sale: Wong

ELISE BURGESS  |  MONDAY, 12 SEP 2011
... - the same year the government was forecasting a $3.5 billion surplus. This morning Shadow Assistant Treasurer Mathias Cormann said a "secret plan" had been revealed during a Senate Estimates hearing when questioning Finance Department head, David Tune. ...