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Showing 111 - 120 of 264 results for %22House Economics Committee%22

ASFA slams Grattan as 'out of touch'

EMMA RAPAPORT  |  MONDAY, 16 JAN 2017
... class and one that is delivering a higher standard of living for retirees," Fahy said. In its submission to the Senate Economics Committee's inquiry into the Superannuation (Objective) Bill 2016, the public policy think tank recommended that the committee ...

Bank inquiry recommends breaking big four oligopoly

ALEX BURKE  |  FRIDAY, 25 NOV 2016
The House of Representatives Standing Committee on Economics' first report in its review of the four major banks has recommended breaking the big four's "oligopoly" and introducing competition into the sector. The report said this could be achieved ...

Cooper defends BT life insurance figures

ALEX BURKE  |  MONDAY, 17 OCT 2016
... TPD claims denial rate was "not comparable" with other insurers. He explained: "ASIC said at its recent appearance at the House of Representatives Economics Committee that the data that has been provided by industry participants is not consistent. Any ...

Poll provides fresh defence against Royal Commission

MARK SMITH  |  FRIDAY, 14 OCT 2016
... claiming to be clearly positive towards banks compared to those who were clearly negative. In its opening address to the House of Representatives Standing Committee on Economics, ASIC called out recent scandals, saying: "In recent times banks have fallen ...

CommInsure under fire again

JAMIE WILLIAMSON  |  TUESDAY, 4 OCT 2016
... be rejected. The fresh allegations and the inquiry findings are expected to be discussed when CBA's Ian Narev faces the House of Representatives Economics Committee in Canberra today. Narev will be the first of the big four banks' chief executives to ...

ABA denies precedent for matching RBA cash rates

ALEX BURKE  |  FRIDAY, 5 AUG 2016
... not done so." Subsequently, Turnbull and Treasurer Scott Morrison proposed an annual meeting with the big four banks at a House of Representatives standing committee on economics where the institutions would, in Turnbull's words, "give a full account ...

Super governance at top of APRA agenda

MARK SMITH  |  MONDAY, 21 MAR 2016
... appropriate benchmarks. This is an area where we observe industry practices can be improved," APRA chair Wayne Byres told the House of Representatives Standing Committee on Economics in Canberra. APRA is also taking a closer look at board member appointment ...

ZIRP to bring back "animal spirits"?

BENJAMIN ONG  |  FRIDAY, 26 FEB 2016
... Seems like nothing much has changed in 18 months - the time back in August 2014 when RBA Governor Glenn Stevens told the House of Representatives Standing Committee on Economics that he has done enough, "You can't make people be confident, I certainly ...

Be alert to recession amid growth headwinds: PIMCO

MARK SMITH  |  WEDNESDAY, 16 DEC 2015
... consider the real possibility of recession, warns PIMCO. While the chair of the fund manager's Asia-Pacific portfolio committee, Adam Bowe, said his base case was for the economy to successfully shift from mining-led to services and people-led, there ...

Fairy tales may come true

BENJAMIN ONG  |  THURSDAY, 3 DEC 2015
... consumption's 0.4 pp add (up from 0.3 pp contribution in the second quarter). GDP is not made up of business investments alone. Economics 101 tells us that GDP equals C+I+G+(X-M) - or consumption plus investment plus government spending plus (exports ...