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Showing 1241 - 1250 of 1807 results for "Bill 2013"

Re-financing of aged care announced

RACHEL DAVIS  |  TUESDAY, 9 AUG 2011
The Productivity Commission's inquiry into Australia's aged care system has released its final report. Fundamental changes to the way aged care is delivered and financed are proposed, including the move towards user pays. The Productivity Commission's ...

Market dives on US downgrade, China demands new reserve currency

ALISON BEVEGE  |  MONDAY, 8 AUG 2011
The Australian share market dropped sharply on the open as nervous investors reacted to Standard & Poor's historic weekend downgrade of US sovereign credit. At time of writing the All Ordinaries Index had fallen 66.1 points or 1.59% to 4103.6 while ...

Govt provides reverse mortgage guarantees

ELISE BURGESS  |  MONDAY, 8 AUG 2011
The Federal Government has made its first move in the race to fiscally manage the ageing population, with the release of draft legislation to increase protection around reverse mortgages. Assistant Treasurer and Minister for Financial Services and Superannuation ...

Markets crash as recession fears hit

ALISON BEVEGE  |  FRIDAY, 5 AUG 2011
Australian stocks plunged at the open after world markets fell sharply overnight and experts say more grief is to come. At time of writing, the All Ordinaries Index was down 173 points or 3.97% to 4179.9 while the S&P ASX 200 had given up 156.5 points ...

Industry looks to draw line under reforms

MATT WOODINGTON  |  THURSDAY, 4 AUG 2011
By comparing the government to a gestating sperm whale at the FSC conference, Assistant Treasurer Bill Shorten made light of slow progress implementing financial services reforms but patience is wearing thin within the industry. Shorten himself has ...

Government bowing to pressure on super risk commissions

MATT WOODINGTON  |  THURSDAY, 4 AUG 2011
The government looks set to revoke plans to altogether ban commissions on risk insurance within superannuation as it prepares to submit draft legislations on the future of financial advice in September. Speaking at the Financial Services Council conference ...

Market Wrap - Midday

AAP  |  TUESDAY, 2 AUG 2011
Australian shares were down by 1.3 per cent at noon as weaker than expected building approval data released late Tuesday morning prompted shares to fall further from initial losses. At 1200 AEST on Tuesday, the benchmark S&P/ASX200 index was down 56.9 ...

Intrafund advice a sticking point for Stronger Super group

ALISON BEVEGE  |  TUESDAY, 2 AUG 2011
No agreement was reached by representatives of the Stronger Super Peak Consultative Group on the contentious issue of intra-fund advice, a source present at the meetings has said. The 15-member group could not reach common ground as to what constituted ...

Now for the denominator

BENJAMIN ONG  |  TUESDAY, 2 AUG 2011
Will it or won't it? No, I'm not talking about the deal on Washington, 'no mas' -- I'm so over it. Although there are still a few that won't take my word for it - they still refuse to believe until they see the deal bill inked. There's also an equal ...

Government takes no sides in industry-retail super split

ALISON BEVEGE  |  MONDAY, 1 AUG 2011
The Federal Government said today it is not leaning one way or the other on the split between retail and industry funds on super fees. Paul Costello, chairman of the Stronger Super Peak Consultative Group last week handed Assistant Treasurer Bill Shorten ...