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Showing 101 - 110 of 703 results for "Senator"

FSC releases two new standards

KARREN VERGARA  |  FRIDAY, 17 DEC 2021
... FSC chief executive Sally Loane said. The federal government is looking to apply such exclusions the broader industry. Senator Jane Hume wants to find solutions to problems that arise from occupational exclusions in group insurance provided by MySuper ...

Adviser population drops below 19,000

KARREN VERGARA  |  FRIDAY, 17 DEC 2021
... to this year, the number of advisers shrank by 15%. As the industry continues to grapple with the loss of experience, Senator Jane Hume announced a new pathway for experienced advisers with 10 years of experience - echoing much of Labor's proposal ...

AFCA must improve transparency: Hume

KARREN VERGARA  |  THURSDAY, 25 NOV 2021
... that it needs to be more transparent when dealing with complainants and providing the reasoning behind its decisions. Senator Jane Hume's final report made 14 recommendations, all of which AFCA said it "agrees with in principle". One recommendation is ...

Hume throws shade at trustee rainy day funds

KARREN VERGARA  |  MONDAY, 22 NOV 2021
Senator Jane Hume has slammed superannuation funds for creating rainy day funds that pay for potential penalties because of misconduct. Hume points to a recent trend in which several super funds applied to the courts seeking permission to charge members ...

BTC Markets adds to advisory board

ANNABELLE DICKSON  |  TUESDAY, 16 NOV 2021
... final report last month into the regulation of cryptocurrencies and outlined 12 recommendations. "Following the release of Senator Bragg's report supporting monumental regulatory change to the Australian crypto space, David and Garry will play a vital ...

Government advances adviser levy drop

KARREN VERGARA  |  THURSDAY, 11 NOV 2021
... the introduction of a Single Disciplinary Body and a Compensation Scheme of Last Resort," treasurer Josh Frydenberg and senator Jane Hume said at the time.

Crypto regulation proposed: Bragg

ANNABELLE DICKSON  |  THURSDAY, 21 OCT 2021
... the industry has concerns. The Select Committee on Australia as a Technology and Financial Centre, chaired by Liberal senator Andrew Bragg, tabled its final report into the regulation of cryptocurrencies and outlined 12 recommendations. These included ...

FSC to ban occupational exclusions

ANNABELLE DICKSON  |  TUESDAY, 12 OCT 2021
... default cover for some new MySuper members and may also have significant consequences where a member changes occupation, Senator Jane Hume said. The FSC said Australians must be able to claim on the default cover that they have been paying for through ...

Adviser exam cost jumps under new bill

KARREN VERGARA  |  THURSDAY, 30 SEP 2021
... reporting regime. This includes advisers' failure to comply with education and training standards, and code of ethics. Senator Jane Hume is taking industry feedback on the exposure draft regulations and legislative instrument until October 15. "The ...

Hume puts finfluencer followers on notice

KARREN VERGARA  |  TUESDAY, 21 SEP 2021
Senator Jane Hume is warning consumers who fall victim to bad advice from finfluencers not to rely on the government for compensation. Speaking on the first day of the Association of Financial Advisers national conference, the minister for superannuation ...