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Showing 101 - 110 of 227 results for %22Senate Inquiry%22

ASIC demands last resort compensation scheme

LAURA MILLAN  |  MONDAY, 20 OCT 2014
... advice "where all the other options have truly been exhausted." The regulator made the demand in its submission to the Senate Economics Committee inquiry into forestry managed investment schemes (MIS) and in its submission to the Financial System Inquiry ...

Market Wrap AM

AAP  |  THURSDAY, 2 OCT 2014
... assistant governor (financial system) Malcolm Edey and head of financial stability Luci Ellis, are slated to appear before the Senate Economics References Committee inquiry into affordable housing. The Reserve Bank is also expected to release its annual ...

Coalition Senators head-to-head over FoFA

LAURA MILLAN  |  FRIDAY, 26 SEP 2014
... voice in expressing concern over financial advice legislation. In July 2013, he also tabled the request to start a Senate inquiry into the performance of the Australian Securities and Investments Commission (ASIC), following a number of media reports ...

Hockey accuses Labor of making "a mess" of FoFA

LAURA MILLAN  |  THURSDAY, 25 SEP 2014
... problems in the bill and when he [Bowen] introduced the bill, even if he had enough numbers to pass it here and in the Senate, he was so embarrassed about the state of the bill that he had to introduce 16 amendments on the floor of the House to his own ...

Opposition wants to postpone vote on FoFA bill

LAURA MILLAN  |  TUESDAY, 23 SEP 2014
... work to bridge the widening chasm between the two sides," Labor Senator Sam Dastyari said in a dissenting report of the Senate Economics Committee inquiry into the latest FoFA changes. Dastyari, who is also the Committee's deputy chair, argued that the ...

Bipartisan Senate inquiry to grill financial services again

LAURA MILLAN  |  FRIDAY, 5 SEP 2014
... Dastyari's inquiry will keep a close eye at the government's response to the 61 recommendations made by the previous Senate inquiry. Given the large number of inquiries that the Senate Economics Committee will be conducting in the next months, the committee ...

Senate bill challenges general advice definition

LAURA MILLAN  |  TUESDAY, 2 SEP 2014
... bill to change the definition of 'general advice.' The Senator will introduce the private member bill today during the Senate sitting today, along with a second reading speech, Whish-Wilson's spokesperson confirmed. The bill will amend the Corporations ...

Government tables FoFA bill in House of Reps

LAURA MILLAN  |  WEDNESDAY, 27 AUG 2014
... planning legislation. The government's move follows the opposition's failed attempt to disallow the proposed changes in a Senate vote. A last minute deal with Palmer United Party (PUP) senators allowed the Coalition to maintain the changes to FoFA, which ...

CBA looks for plaintiffs to assist in remediation process

LAURA MILLAN  |  MONDAY, 25 AUG 2014
... to financial advice they received," the bank said. The Open Advice Review program was set up after media reports and a Senate Economics Committee inquiry unveiled systemic problems within CBA's financial advice businesses Commonwealth Financial Planning ...

AMP lifts minimum adviser standards

LAURA MILLAN  |  THURSDAY, 21 AUG 2014
... so. AMP's decision follows a similar announcement by Commonwealth Bank (CBA), which has been at the centre of a Senate inquiry after media reports unveiled cases of adviser misconduct and inconsistent client compensation processes. AMP will also set ...