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Showing 121 - 130 of 320 results for %22House of Representatives%22

FSC moves to protect retail super from ALP 'tinkering'

HARRISON WORLEY  |  WEDNESDAY, 14 NOV 2018
... to bat for retail superannuation fund members over Labor's proposed changes to franking credits. In a submission to the House of Representatives Economics Committee, the FSC outlined the impact of the current franking system, noting more than 2.6 million ...

Argo Investments attacks Labor franking policy

HARRISON WORLEY  |  MONDAY, 22 OCT 2018
... shareholders who are "deeply concerned" with the policy and its implications. Higgins confirmed Argo made a submission the House of Representatives Standing Committee on Economics inquiry into the implications of Labor's policy, which strongly voices ...

ANZ chief says remediation is "distracting"

KARREN VERGARA  |  FRIDAY, 12 OCT 2018
... programs as a "distraction" and at one point took up to 15 years to compensate some customers. This morning, Elliott told the House of Representatives Standing Committee on Economics in Canberra that it was one of the two major banks that admitted to ...

Banks to answer for Hayne report

JAMIE WILLIAMSON  |  MONDAY, 8 OCT 2018
... will head to Canberra to face questioning over the findings published in Commissioner Kenneth Hayne's interim report. The House of Representatives Standing Committee on Economics will commence its next round of public hearings on October 11, 12 and 19. ...

Franking credits inquiry launched

HARRISON WORLEY  |  THURSDAY, 20 SEP 2018
... An inquiry has been launched to examine the implications of Labor's policy to remove refundable franking credits. The House of Representatives Standing Committee on Economics will investigate the implications of removing refundable franking credits. ...

Life insurers admit to misconduct: Royal Commission

HARRISON WORLEY  |  MONDAY, 10 SEP 2018
... point, Orr said a quarter of the life insurance products on the APL for AMP Financial Planning between 2013 and 2017 were in house products. However, in 2015 57% of new insurance premiums were paid in respect of in house products. Orr said the number ...

BNP Paribas AM sells Arnhem stake, appoints new investment manager

JAMIE WILLIAMSON  |  WEDNESDAY, 1 AUG 2018
... Trust will be offered to retail investors. The existing fund is currently under review by Morningstar, with the ratings house saying it will determine whether to maintain coverage of the new strategy in the coming weeks.

Macquarie axes grandfathered commissions

JAMIE WILLIAMSON  |  WEDNESDAY, 4 JUL 2018
... eliminate the practice "as soon as reasonably practicable and to the maximum possible extent." More recently, fronting the House of Representatives Standing Committee on Economics, ASIC deputy chair Peter Kell said the regulator has not had a chance ...

ASIC not to blame for trust deficit: Shipton

JAMIE WILLIAMSON  |  TUESDAY, 26 JUN 2018
... regulator contributed to the significant trust deficit present in Australia's financial services industry. Appearing before the House of Representatives Standing Committee on Economics in Canberra last Friday, Shipton was asked what responsibility ASIC ...

ASIC admits AMP inaction

JAMIE WILLIAMSON  |  FRIDAY, 22 JUN 2018
... was aware prior to the Royal Commission that AMP was allegedly attempting to mislead the regulator. Appearing before the House of Representatives Standing Committee on Economics in Canberra today, senior leaders at ASIC admitted they were not surprised ...