Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 121 - 130 of 703 results for "Senator"

Your Future, Your Super passes

ELIZABETH MCARTHUR  |  THURSDAY, 17 JUN 2021
... objected to it. However, an amendment was passed which will delay benchmarking and stapling until November. Independent Senator Rex Patrick failed to find support for his proposed amendment, which would have extended performance tests to more choice ...

More super tax concessions on table

ELIZABETH MCARTHUR  |  THURSDAY, 17 JUN 2021
... Treasury Laws Amendment (More Flexible Superannuation) Bill was debated in the Senate today, with an amendment suggested by Senator Pauline Hanson. Hanson and her One Nation colleagues circulated an amendment that would see people over the age of 67 ...

ASIC releases ongoing fee obligations guidance

KARREN VERGARA  |  WEDNESDAY, 16 JUN 2021
... As a result, INFO 256 will replace Regulatory Guide 245 Fee disclosure statements, which will be withdrawn," ASIC said. Senator Jane Hume announced last week that advisers will have 60 days to provide clients an estimate of fees they will pay prior to ...

FPA to manage $1.5m scholarship mandate

KARREN VERGARA  |  TUESDAY, 15 JUN 2021
... enter and achieve leadership roles in the financial planning, accounting, business, finance and economics industries. Senator Marise Payne selected the FPA to provide 38 scholarships valued at up to $50,000 for over two years. FPA chief executive Dante ...

Advisers win annual renew law relief

KARREN VERGARA  |  FRIDAY, 11 JUN 2021
... federal government will introduce a carve out to help financial advisers to meet their ongoing fee disclosure obligations. Senator Jane Hume announced this evening that advisers will have 60 days to provide clients an estimate of fees they will pay prior ...

YFYS on its way to Senate

KANIKA SOOD  |  FRIDAY, 4 JUN 2021
... block. Greens, who sided with Labor in the House of Representatives, have nine seats in the Senate. The one independent senator, Rex Patrick, has already tabled amendments to YFYS which side with Labor's views. This means, in a best-case scenario Labor ...

Labor won't support YFYS Bill in current form

KANIKA SOOD  |  FRIDAY, 30 APR 2021
... assess the impacts of the bill on the superannuation system," Labor said. "It should be noted that the Chair [Liberal senator Slade Brockman] of this committee previously recommended that regulations should be presented in a timely fashion so the Senate ...

Senate report on YFYS reforms delayed

KANIKA SOOD  |  THURSDAY, 22 APR 2021
... await specifics ahead of the proposed July 1 start date. The senate economics legislation committee, chaired by Liberal senator Slade Brockman, was tasked with producing the report on February 18. The due date was set for today, April 22. Senator Brockman ...

Commissions likely to stay: Hume

KARREN VERGARA  |  THURSDAY, 22 APR 2021
... priority is to align financial advisers' professionalism and remuneration structures with other professional industries, Senator Jane Hume is not taking the future viability of commissions paid on life insurance products out of the equation. "That ...

Chief economist update: The pause that refreshes

BENJAMIN ONG  |  WEDNESDAY, 21 APR 2021
... lift inflation. But have no fear, the Fed is here. In an exclusive, Reuters prints Fed Chairman Powell's letter to Senator Rick Scott that, "we are fully committed to both legs of our dual mandate - maximum employment and stable prices. In not so ...