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Showing 1201 - 1210 of 1929 results for "Treasurer"

Ageing population threatens welfare system: Hockey

LAURA MILLAN  |  MONDAY, 24 FEB 2014
Treasurer Joe Hockey questioned whether the health and welfare systems could cope with the country's ageing population and asked for a debate about the cost of the age pension. Hockey spoke during the G-20 Finance ministers meeting that took place in ...

Sinodinos announces SuperStream governance structure

JAMES FERNYHOUGH  |  MONDAY, 24 FEB 2014
... of industry participants, including gateway operators, superannuation funds and employer representatives," Assistant Treasurer Arthur Sinodinos said. One of the ATO's main tasks will be to facilitate an industry agreement on the design of a "self-regulated ...

Ripoll demands parliamentary debate for FoFA reforms

ALICE URIBE  |  FRIDAY, 21 FEB 2014
... businesses having to adjust to new models againA "creates more confusion, uncertainty and cost." Last month Assistant Treasurer Arthur Sinodinos announced plans to implement the FoFA reform measures through regulations, rather than via legislation. Sinodinos ...

Sinodinos rules out LRBA review for SMSFs

ALICE URIBE  |  WEDNESDAY, 19 FEB 2014
Assistant Treasurer Arthur Sinodinos has ruled out a full review into limited recourse borrowing arrangements (LRBAs), but emphasised that licensing is necessary. Speaking at the 2014 SPAA SMSF National Conference in Brisbane today, Sinodinos said that ...

Sinodinos holds strong on FoFA regs despite legal concerns

LAURA MILLAN  |  TUESDAY, 18 FEB 2014
Assistant Treasurer Arthur Sinodinos remained resolute about his plan to introduce the amendments to the Future of Financial Advice (FoFA) via regulations "to the extent legally possible," despite some industry opposition. Sinodinos said that the aim ...

Actuaries call for overhaul of retirement phase rules

JAMES FERNYHOUGH  |  MONDAY, 17 FEB 2014
... lifetime annuities under the same tax regime as other post-retirement income products. The submission referred to Assistant Treasurer Arthur Sinodinos' plan to conduct a broad review into the regulation of retirement income which he announced in December ...

Industry resists full portfolio disclosure

JAMES FERNYHOUGH  |  MONDAY, 17 FEB 2014
... industry has universally resisted the move towards full transparency of portfolio holdings. In submissions to Assistant Treasurer Arthur Sinodinos' discussion paper, 'Better regulation and governance, enhanced transparency and improved competition in ...

Blame it on the boogie

BENJAMIN ONG  |  FRIDAY, 14 FEB 2014
... among others, gave the negativity in the latest jobs numbers an extra kick. Australian Prime Minister Tony Abbott and Treasurer Joe Hockey must be wishing they "could blame it on the sunshine, blame it on the moonlight... blame it on the boogie" (thanks ...

Bowen's FoFA fears "complete rubbish": AFA

LAURA MILLAN  |  WEDNESDAY, 12 FEB 2014
The Association of Financial Advisers (AFA) has slammed comments by Shadow Treasurer Chris Bowen that proposed amendments to the Future of Financial Advice (FoFA) regulation may make Storm or Trio Capital cases "more likely" as "complete rubbish." "The ...

PROFILE: Assistant Treasurer Arthur Sinodinos

ALICE URIBE  |  WEDNESDAY, 12 FEB 2014
A career in the public and private sector has set the Assistant Treasurer Arthur Sinodinos in good stead for his challenge to change the financial services sector. Alice Uribe reports. By his own admission, politics was not always on the cards for Senator ...