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Showing 111 - 120 of 320 results for %22House of Representatives%22

Inquiry denounces franking credit ban

HARRISON WORLEY  |  FRIDAY, 5 APR 2019
The House of Representatives Standing Committee on Economics concluded Labor's proposal to remove refundable franking credits should not go ahead. Releasing the committee's final report last night, Liberal MP and committee chair Tim Wilson said the ...

MP slams prolonged grandfathered commissions carve out

KARREN VERGARA  |  TUESDAY, 2 APR 2019
... grandfathered commissions as of yesterday, the industry is receiving little sympathy from the Government. Deputy chair of the House of Representatives Standing Committee on Economics Review of the Four Major Banks, Matt Thistlethwaite, said last week ...

Don't expect super favouritism: Bowen

HARRISON WORLEY  |  MONDAY, 1 APR 2019
... Treasurer to go easy on underperforming funds - industry or otherwise. Speaking at an FSC BT Political Series lunch at Doltone House in Sydney last week, Shadow Treasurer Chris Bowen said if elected, Labor would afford no favours to underperforming superannuation ...

NAB needs 500 staff for remediation

ELIZABETH MCARTHUR  |  FRIDAY, 29 MAR 2019
... Chronican has acknowledged the institution needs to go to great lengths to repay customers. In his opening statement to the House of Representatives Standing Committee on Economics, Chronican began by saying: "Let me start by acknowledging that as a ...

Westpac exits personal advice, restructures leadership

JAMIE WILLIAMSON  |  TUESDAY, 19 MAR 2019
... or moving to another licensee. Last month, Financial Standard revealed the bank was in talks with Viridian to sell its in-house planners. Viridian chief executive Glenn Calder described the acquisition as exciting for Viridian staff, clients and shareholders ...

Chief economist update: The Fed has hit neutral

BENJAMIN ONG  |  WEDNESDAY, 27 FEB 2019
... For those who missed it, Powell will do a re-run tonight when he stands before the Committee on Financial Services in the House of Representatives. Also inferred from Powell's speech... "The job market remains strong. Monthly job gains averaged 223,000 ...

Super account consolidation to hurt AMP

HARRISON WORLEY  |  MONDAY, 18 FEB 2019
... pinch. The wealth manager said that barring any changes to the Protecting Your Super package - given it now heads back to the House of Representatives after the Senate's amendments last week - it would stand to lose $10 million in operating earnings ...

Industry funds wary of stapling default members

KANIKA SOOD  |  FRIDAY, 15 FEB 2019
... underperforming superannuation funds," Federal Treasurer Josh Frydenberg said in a statement. The legislation needs to pass the House of Representatives, which returns next week.

Westpac mulls sale of in-house planners

JAMIE WILLIAMSON  |  WEDNESDAY, 13 FEB 2019
Westpac has confirmed it is exploring options for its in-house financial planning division, following questions from Financial Standard about a potential sale of 50% of Westpac Financial Planning. Financial Standard understands Westpac is in talks with ...

Stop undermining franking credit refunds: Wilson

KARREN VERGARA  |  FRIDAY, 30 NOV 2018
... the tax system. Wilson presented an economic case on why both sides of politics should safeguard the current system at the House of Representatives Standing Economics Committee this morning, tasked with investigating the implications of removing refundable ...