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Showing 121 - 130 of 266 results for "Treasurer Josh Frydenberg"

Litigation funders will need AFSLs

ELIZABETH MCARTHUR  |  FRIDAY, 22 MAY 2020
... regulated under the Corporations Act and required to hold an Australian financial services licence, Treasurer Josh Frydenberg announced today. The Treasurer said the government wants litigation funders to be subject to greater regulatory oversight. "Litigation ...

Australia facing largest ever GDP fall

ELIZA BAVIN  |  WEDNESDAY, 13 MAY 2020
Treasurer Josh Frydenberg outlined a bleak future for the Australian economy in a speech to parliament, forecasting GDP to fall over 10% in the June quarter. The figure would be the largest contraction in GDP in Australia's history. "At $50 billion ...

Government delays RC implementation timeline

HARRISON WORLEY  |  MONDAY, 11 MAY 2020
... Commission related draft exposure legislation issued before the pandemic will be extended by six months. Treasurer Josh Frydenberg said the deferral would allow the industry to focus on "planning for the recovery and supporting their customers". "This ...

Frydenberg amends Corporations Act

ALLY SELBY  |  WEDNESDAY, 6 MAY 2020
Treasurer Josh Frydenberg has announced changes to the Corporations Act, in a bid to relieve Australia's public companies from financial stress over the coming months. The changes, enacted from May 5, allow companies to hold virtual Annual General Meetings ...

Chief economist update: The outlook for Australia, according to COVID-19

BENJAMIN ONG  |  WEDNESDAY, 6 MAY 2020
... government's JobSeeker payments that limited the issuance of pink slips. But even this isn't good enough. Treasurer Josh Frydenberg estimates that the economy will lose A$4 billion for every week restrictions remain. It's a tough choice - ...

Lockdown measures cost $4bn a week: Frydenberg

ELIZA BAVIN  |  TUESDAY, 5 MAY 2020
Treasurer Josh Frydenberg has revealed the COVID-19 social restrictions are costing the Australian economy $4 billion a week. New analysis from Treasury estimates the mass closure of businesses and activities, designed to stop the spread of the virus ...

More super funds will merge: QMV

ELIZABETH MCARTHUR  |  THURSDAY, 30 APR 2020
... funds, if they haven't already been talking about merging, COVID-19 will push it up the agenda." Treasurer Josh Frydenberg has pointed out that APRA does have the ability to direct super funds to merge, and has implied that this could be the outcome ...

AustralianSuper pays out $320m

JAMIE WILLIAMSON  |  TUESDAY, 28 APR 2020
... million requested by AustralianSuper members represents about 17% of the $3.8 billion in withdrawals Treasurer Josh Frydenberg confirmed had been approved by the ATO in the first three days of the scheme, which commenced on April 20. With more than $180 ...

Billions withdrawn from super

ELIZA BAVIN  |  FRIDAY, 24 APR 2020
Treasurer Josh Frydenberg has confirmed $3.8 billion in withdrawals from super was approved by the ATO over the course of three days. Frydenberg said the average withdrawal was $8000 and the super funds will now begin to release the money. "Those applications ...

Future Fund board members reappointed

KANIKA SOOD  |  FRIDAY, 17 APR 2020
... experience and expertise across financial markets, corporate governance and public policy," Federal Treasurer Josh Frydenberg said in a statement. Kay has worked in finance in executive and non-executive roles for about 30 years. She is a former banker ...