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Showing 111 - 120 of 143 results for "Cormann"

No time for FOFA impact statement: OBPR

MELANIE TIMBRELL  |  WEDNESDAY, 15 FEB 2012
... products outside of super were named as the six elements without an OBPR-passed RIS. When opposition senator Matthias Cormann referenced Treasury evidence that the breach was due to time pressures, McNamara confirmed some drafts had existed but timing ...

FOFA debate due after PJC report: Shorten

CLAIRE MCGREAL  |  MONDAY, 6 FEB 2012
... Committee has delivered its report and recommendations on the bill. Opposition spokesman on Financial Services Mathias Cormann announced on Friday that FOFA would be debated in parliament during the week 13- 16 February, nearly two weeks before the Parliamentary ...

ASIC questioned over new powers

ELISE BURGESS  |  WEDNESDAY, 25 JAN 2012
... regulator gave preliminary results to its planning shadow shop survey with "woeful" results for planners. Senator Mathias Cormann questioned the Australian Securities and Investments Commission (ASIC) commissioner Peter Kell about the enhancement in ...

Annual fee collation too complex: FPA to PJC

MELANIE TIMBRELL  |  TUESDAY, 24 JAN 2012
... in and create some kind of consolidated report." The FPA concluded in agreement with a statement from Senator Mathias Cormann on the possibility of consumers paying an adviser to collate all fees in a single statement if they so wish, rather than creating ...

FOFA moderate and reasonable: ISN

CLAIRE MCGREAL  |  TUESDAY, 24 JAN 2012
... $2,130 to $1,188, "largely driven by the increase in uptake of scaleable advice". Meanwhile Opposition Senator Mathias Cormann quizzed Industry Super Network (ISN) representatives on whether they were "surprised" by the government's inclusion of a retrospective ...

PJC concedes FOFA amendment may be warranted

MELANIE TIMBRELL  |  TUESDAY, 24 JAN 2012
... member of the fund and that's why you have that discrepancy," Vamos said. Responding to questioning by Senator Matthias Cormann on whether member shared costs for intra-fund advice was appropriate, Vamos spoke of the importance for a solution whereby ...

Default super inquiry receives positive response

CLAIRE MCGREAL  |  MONDAY, 23 JAN 2012
... not competitive and inappropriately favours union dominated industry super funds". Shadow Assistant Treasurer Mathias Cormann also said the process shouldn't take as long as eight months. "The government should also amend its My Super legislation currently ...

Ripoll defends FOFA integrity

ELISE BURGESS  |  MONDAY, 21 NOV 2011
... cost attached to it but the overall service of providing advice will be more affordable and accessible." Senator Mathias Cormann responded that the Ripoll enquiry never recommended opt-in or a ban on insurance commissions inside super. "Since Bernie ...

Industry funds not our focus: Cormann

ELISE BURGESS  |  WEDNESDAY, 26 OCT 2011
... the Opposition on the introduction of reforms in the advice industry. Senator and shadow assistant treasurer, Mathias Cormann, received a warm reception when he addressed delegates yesterday at the Association of Financial Advisers (AFA) conference to ...

Future Fund not for sale: Wong

ELISE BURGESS  |  MONDAY, 12 SEP 2011
... - the same year the government was forecasting a $3.5 billion surplus. This morning Shadow Assistant Treasurer Mathias Cormann said a "secret plan" had been revealed during a Senate Estimates hearing when questioning Finance Department head, David Tune. ...