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Showing 101 - 110 of 480 results for "Parliamentary"

Industry funds revise ERS modelling

HARRISON WORLEY  |  WEDNESDAY, 13 MAY 2020
... how it calculated the impact of the ERS initiative on retirement balances of super fund members, a response to a Parliamentary Joint Committee on Corporations and Financial Services question on notice reveals. ASIC was asked by Liberal Senator and Committee ...

Calls for super funds, government to collaborate on energy security

KANIKA SOOD  |  THURSDAY, 23 APR 2020
... energy reserves since 2011. He authored three reports for NRMA, assisted with a 2015 senate enquiry and with a 2018 parliamentary joint committee. "We should be thinking about some of our superannuation funds investing in this, with government agreement ...

ScoMo launches $17b stimulus package

ALLY SELBY, ELIZA BAVIN  |  THURSDAY, 12 MAR 2020
... protected." The stimulus measures will need to be approved by the federal parliament before they are legislated. The next parliamentary sitting is March 23. Morrison said he is willing to inject more fiscal stimulus into the economy if needed. "It's ...

Advice groups criticise rushed legislation

ELIZABETH MCARTHUR  |  WEDNESDAY, 4 MAR 2020
... intra-fund advice as not personal advice. "This is wrong on more than one level. As has been made clear through the Parliamentary committee process, by Senator Andrew Bragg and ASIC, intra-fund advice is personal advice," the AFA submission said. "The ...

Regulators circle as scandal engulfs Westpac

ALLY SELBY  |  WEDNESDAY, 4 DEC 2019
... of senior directors and executives as it considers whether to launch legal action. APRA chair Wayne Byres told a parliamentary hearing on Monday that the watchdog would confirm by the end of the month whether it would launch legal proceedings under the ...

AMP transfers 25% of accounts to ATO

ELIZA BAVIN  |  MONDAY, 25 NOV 2019
AMP executive Alex Wade has told a parliamentary inquiry that the company has transferred a quarter of its superannuation fund account to the Australian Taxation Office. Wade said these accounts were inactive, and AMP felt that transferring them to ...

Complexity of grandfathered commissions overlooked

ELIZABETH MCARTHUR  |  FRIDAY, 27 SEP 2019
... "Supposedly the writing was on the wall; however the reality is very different." Anderson points out that during the Parliamentary Joint Committee on Corporations and Financial Services Inquiry into the FOFA legislation grandfathering was not the subject ...

Chief economist update: What price Australian budget surplus?

BENJAMIN ONG  |  TUESDAY, 27 AUG 2019
... Financial Standard 's earlier prescriptions. As printed in the Australian Financial Review on August 27: "He told a parliamentary committee on August 9 that smaller scale and regional infrastructure present opportunities including the "maintenance ...

Frydenberg flags new advice disciplinary system

HARRISON WORLEY  |  MONDAY, 19 AUG 2019
... Frydenberg said. "In comparison, the Future of Financial Advice Reforms (FOFA), took almost 23 months from when the Parliamentary Joint Committee on Corporations and Financial Services tabled its report to when legislation was first introduced. "There ...

Super sector needs to end culture war

KRISTI CHENG  |  FRIDAY, 16 AUG 2019
... spend more effort on ensuring the sector delivers bigger retirement balances for members. Reflecting on his pre-parliamentary career as a policy adviser for the Financial Services Council, he said his participation in this "civil war" was "unproductive" ...