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Showing 121 - 130 of 1201 results for "Parliament"

IFM blames "unfounded" class action for Tandem worries

KANIKA SOOD  |  FRIDAY, 30 JUL 2021
A Shine Lawyers class action against IFM portfolio company Tandem made it harder for the subcontracting firm to win business in the lead up to its administration, according to IFM Investors chief executive David Neal. Neal was quizzed about the firm's ...

AFA slams skyrocketing ASIC levy

KARREN VERGARA  |  WEDNESDAY, 28 JUL 2021
The Association of Financial Advisers fears that ASIC's FY21 industry levy will blow out even more than its estimates. The association does not want history to repeat itself, pointing to how the FY20 levy jumped 54% higher than ASIC's estimates. ...

Advice association shutters

ELIZABETH MCARTHUR  |  TUESDAY, 27 JUL 2021
... 2020, the UFAA called on members to boycott the FASEA exam. And, in October 2019, the association said it was lobbying parliament to retain life insurance commissions. Former Spectrum chief executive Mark Schroeder was one of the organisers within the ...

FAR draft legislation released

KANIKA SOOD  |  MONDAY, 19 JUL 2021
... the draft legislation for FAR and opened a 28-day consultation. It expects FAR legislation to be introduced in the Parliament in spring. The implementation will start with ADIs which have already been subjected to BEAR. The starting date for large ADIs ...

Hostplus deal doesn't rule out a merger: Maritime

KANIKA SOOD  |  FRIDAY, 9 JUL 2021
Appearing before a parliamentary committee, Maritime Super provided some clarity into its partnership with Hostplus. In his appearance at the House of Representatives Standing Committee on E conomics yesterday Maritime Super chief executive Peter Robertson ...

Aware questioned on bonuses

ELIZABETH MCARTHUR  |  THURSDAY, 8 JUL 2021
... satisfied with the explanation. "The bonuses that you're being paid are more than the entire salaries of members of parliament elected to run the nation," he said. He quizzed Stewart on the average Aware Super member balance, after finding out that ...

Stop abusers hiding super: AIST

ELIZABETH MCARTHUR  |  FRIDAY, 2 JUL 2021
The Australian Institute of Superannuation Trustees (AIST) is calling on Parliament to ensure abusive partners cannot hide their super from domestic violence victims. In a submission, AIST supported the proposed Treasury Laws Amendment (Measures for ...

Better Advice regulations hit parliament

KARREN VERGARA  |  FRIDAY, 25 JUN 2021
... economy Jane Hume introduced The Financial Sector Reform (Hayne Royal Commission Response - Better Advice) Bill 2021 in parliament on June 24. Otherwise known as the Better Advice Bill, the proposed legislation will see the remit of the Financial Services ...

Government to create ASIC, APRA regulator

ANNABELLE DICKSON  |  THURSDAY, 24 JUN 2021
... named by the government shortly. The FRAA will produce biennial reports on the regulators, which will be tabled in parliament. The legislation noted: "While both regulators are accountable to the parliament, the Financial Services Royal Commission noted ...

Family offices should supplement super

KARREN VERGARA  |  WEDNESDAY, 23 JUN 2021
... expert says. HLB Mann Judd wealth management partner Michael Hutton says the passing of some superannuation bills in parliament recently should get wealthy retirees thinking about alternative options to complement their super. The tight superannuation ...