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Showing 101 - 110 of 1322 results for "Parliament"

ASIC to launch new criminal investigation team

ELIZA BAVIN  |  WEDNESDAY, 24 JUL 2024
The Australian Securities and Investments Commission (ASIC) has released its final report on equity market integrity in Australia. ASIC said it will be establishing a dedicated criminal investigation team to swiftly progress insider trading investigations ...

AFCA caps Dixon claimants at 2773

KARREN VERGARA  |  FRIDAY, 12 JUL 2024
... million in the Federal Court and did not pursue any other criminal matters. The fine has yet to be paid. Bragg told Parliament last year: "There's no criminal prosecution, there's no civil process other than a small fine, which is now not going ...

First advice reform bill passes parliament

KARREN VERGARA  |  FRIDAY, 5 JUL 2024
The first tranche of the Delivering Better Financial Outcomes (DBFO) legislation passed both the upper and lower houses yesterday. Treasury Laws Amendment (Delivering Better Financial Outcomes and Other Measures) Bill aims to reduce red tape for financial ...

Committee calls for 'sick agency' ASIC to be split in half

JAMIE WILLIAMSON  |  THURSDAY, 4 JUL 2024
The Senate committee tasked with assessing the capabilities of ASIC says the government should recognise the regulator has "comprehensively failed to fulfil its regulatory remit", calling for a complete overhaul of its structure, powers and how it's ...

New NALE rules, AFCA's super powers passed

KARREN VERGARA  |  THURSDAY, 27 JUN 2024
... (NALE) and income (NALI) and expands the Australian Financial Complaints Authority's (AFCA) remit over super passed Parliament on June 25. Treasury Laws Amendment (Support for Small Business and Charities and Other Measures) Bill 2023, which contains ...

Financial advice profession 'lacks consistent protocols'

ELIZA BAVIN  |  TUESDAY, 25 JUN 2024
The financial advice profession "lacks consistent protocols" for handling suspected financial abuse and there are insufficient whistleblower protections, according to the Financial Advice Association Australia (FAAA). In its submission to the Parliamentary ...

Coalition's housing policy could cut Commonwealth Rent Assistance costs

ANDREW MCKEAN  |  THURSDAY, 20 JUN 2024
Senator Andrew Bragg requested a costing analysis on savings in Commonwealth Rent Assistance (CRA) anticipated from the Coalition's proposed super for housing policy. This policy would allow individuals to withdraw up to $50,000, up to a maximum 40% ...

Advisers call for apology from Super Members Council

JAMIE WILLIAMSON  |  FRIDAY, 14 JUN 2024
... that extend access to financial advice with strong consumer protections to more Australians and are currently before parliament. Such reforms will ensure millions of Australians can plan confidently for their retirement informed by reputable financial ...

Advice reforms draft laws consultation opens

KARREN VERGARA  |  WEDNESDAY, 12 JUN 2024
... Act 1993 to continue to be met electronically. On March 27, Treasury introduced the first tranche of the reforms in parliament.

Super leaders take out King's Birthday honours

ELIZABETH FRY  |  TUESDAY, 11 JUN 2024
... was awarded Officer of the Order of Australia in the general division for "distinguished service to the people and Parliament of Australia, and to the banking and superannuation industries." Finally, Sputore, a former president of the Australian Chamber ...