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Showing 121 - 130 of 161 results for %22Parliamentary Joint Committee%22

Conflict of interest still key issue: ASIC shadow shop

CLAIRE MCGREAL  |  TUESDAY, 21 FEB 2012
... "consequences of how it might be applied". Sanders also maintained the number of submissions received by the Parliamentary Joint Committee (PJC) reflected the ambiguity surrounding the legislation. "I think the general noise...in relation to the 73 submissions ...

No time for FOFA impact statement: OBPR

MELANIE TIMBRELL  |  WEDNESDAY, 15 FEB 2012
... existed but timing was a factor in getting the statements to a suitable standard. In evidence to the Parliamentary Joint Committee inquiry into the FOFA reforms held last month Jim Murphy, market group executive director for Treasury said, "the fact ...

Trio super victims receive compensation

CLAIRE MCGREAL  |  WEDNESDAY, 8 FEB 2012
... Government said it is continuing to review future compensation arrangements. Meanwhile separate ASIC and Parliamentary Joint Committee investigations into the Trio collapse are ongoing.

APRA MySuper changes burden for industry

MELANIE TIMBRELL  |  MONDAY, 6 FEB 2012
... draft MySuper Bill is unnecessary and inefficient, according to retail bodies. Submissions to the Parliamentary Joint Committee on Corporations and Financial Services call into question the new authorisation requirements for tailored products, saying ...

FOFA debate due after PJC report: Shorten

CLAIRE MCGREAL  |  MONDAY, 6 FEB 2012
... Assistant Treasurer Bill Shorten has confirmed FOFA legislation won't be debated by MPs until after the Parliamentary Joint Committee has delivered its report and recommendations on the bill. Opposition spokesman on Financial Services Mathias Cormann ...

ASIC questioned over new powers

ELISE BURGESS  |  WEDNESDAY, 25 JAN 2012
... faced questions over the potential risks in its proposed increase in powers under FOFA during the Parliamentary Joint Committee yesterday in a session where the regulator gave preliminary results to its planning shadow shop survey with "woeful" results ...

AMP: FOFA needs a rigorous stocktake

CLAIRE MCGREAL  |  TUESDAY, 24 JAN 2012
... Bill as it stands had "so many problems" a "rigorous stocktake" was needed. Appearing before the Parliamentary Joint Committee yesterday, managing director AMP Financial Services, Craig Meller, expressed a number of underlying concerns, including the ...

Annual fee collation too complex: FPA to PJC

MELANIE TIMBRELL  |  TUESDAY, 24 JAN 2012
Chair of the Parliamentary Joint Committee on Corporations and Financial Services Bernie Ripoll has grilled the Financial Planning Association over claims the proposed annual Fee Disclosure Statement (FDS) as part of FOFA is unnecessary. Speaking at ...

FOFA moderate and reasonable: ISN

CLAIRE MCGREAL  |  TUESDAY, 24 JAN 2012
... line in the coming years once the changes trickled down to back office staff. But speaking at the Parliamentary Joint Committee (PJC) hearing this morning, Whiteley refuted the figures, saying the ISN report on which it appeared the comments were based ...

PJC concedes FOFA amendment may be warranted

MELANIE TIMBRELL  |  TUESDAY, 24 JAN 2012
Insurance advice issued inside and outside superannuation needs to be treated the same, the Parliamentary Joint Committee on Corporations and Financial Services heard today. While the majority of super funds provide general advice, where individuals ...