Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 101 - 110 of 365 results for %22Senate Committee%22

Broaden levy to foreign banks: Big four

KARREN VERGARA  |  MONDAY, 19 JUN 2017
... reached, they said. Conversely, the Customer Owned Banking Association chief executive Mark Degotardi told the Senate committee the levy was a "modest step" towards reducing the unfair funding cost enjoyed by the major banks. The perception that the ...

Banks narrowly avoid parliamentary inquiry

EMMA RAPAPORT  |  FRIDAY, 16 JUN 2017
... Inquiry fell short by a single vote in the House of Representatives yesterday. The Bill, which successfully passed the Senate with the backing of Labor, One Nation, the Nick Xenophon Team, and Senators Lambie, Hinch and Williams, was later defeated in ...

Labor fights phoenix fraud

EMMA RAPAPORT  |  WEDNESDAY, 24 MAY 2017
... Labor in line with continued calls from the Productivity Commission, the Australian Institute of Company Directors, the Senate Economics References Committee, the Phoenix Research Team and the Australian Restructuring Insolvency & Turnaround Association ...

ATO hits back at claims of inadequacy

EMMA RAPAPORT  |  FRIDAY, 5 MAY 2017
The Australia Taxation Office has hit back at claims by the Senate economics committee that its "inadequate" approach to policing superannuation guarantee payments has exacerbated the growing problem of non-compliance. In a press release issued yesterday ...

ATO blamed for SG non-payment

KARREN VERGARA  |  WEDNESDAY, 3 MAY 2017
... approach to policing superannuation guarantee payments has exacerbated the growing problem of non-compliance, a Senate committee report found. The ATO's reactive rather than proactive practices significantly contributed to the fiscal impact of SG non-payment ...

SG non-payment is an 'easy fix': ISA

KARREN VERGARA  |  TUESDAY, 2 MAY 2017
... single touch payroll coverage to all employees or tighten enforcement and penalty regimes, he said. "Both the senate committee and an inter-agency group established by the Financial Services Minister have been working on this for five months. The ducks ...

Banks can offer fintech an olive branch

EMMA RAPAPORT  |  MONDAY, 1 MAY 2017
... the risk of an unauthorised access to a user's bank account, which is simply wrong," Acorns said in a submission to the Senate standing committee on economics. "This is a deliberate campaign of misinformation; they are actively seeking to discourage ...

Labor renews calls for banking Royal Commission

EMMA RAPAPORT  |  MONDAY, 24 APR 2017
Senate Economics References Committee chairman Chris Ketter has justified Labor's calls for a Royal Commission into the banking and financial services sector, citing a flood of angry consumer complaints. In a submission to the Senate Inquiry into Consumer ...

Wages and super should be aligned: Cbus

EMMA RAPAPORT  |  TUESDAY, 14 MAR 2017
... superannuation is to try and prevent it happening in the first place," Cbus chair Steve Bracks said in his submission to the Senate inquiry into unpaid superannuation. "Paying superannuation at the same time as wages is a key part of the answer." Cbus ...

No other way but up

BENJAMIN ONG  |  MONDAY, 13 MAR 2017
... economic conditions "continue to evolve" in line with Fed expectations as Yellen explained in her testimony before the Senate Banking Committee and the House Financial Services Committee. One that's also mentioned in the February monetary policy statement ...