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Showing 121 - 130 of 2265 results for %22US Treasury%22

Experience pathway could create two adviser tiers

KARREN VERGARA  |  TUESDAY, 23 MAY 2023
... create two tiers of financial advisers and confuse consumers about who is and isn't qualified to provide advice. As Treasury mulls over finalising education standards for experienced financial advisers and new entrants, which ended on May 3, The ...

Treasury consults on giving AFCA more super powers

JAMIE WILLIAMSON  |  TUESDAY, 23 MAY 2023
Treasury is consulting on whether the Australian Financial Complaints Authority (AFCA) should have its remit expanded to deal with more complaints related to superannuation, following the Federal Court's MetLife decision. As it stands, under Part 7.10A ...

FAAA sounds alarm on no-consultation super reform

ANDREW MCKEAN  |  MONDAY, 22 MAY 2023
The Financial Advice Association Australia (FAAA) has criticised Treasury for neglecting to consult on draft Superannuation Performance Test reforms. FAAA chief executive Sarah Abood voiced concerns regarding the proposal and process of the Performance ...

BNPL to be regulated under Credit Act

CASSANDRA BALDINI  |  MONDAY, 22 MAY 2023
... honestly, efficiently, and fairly, in line with other regulated credit products." Over the coming months, Jones said, Treasury be working closely with the industry and consumer groups, to make sure the regulation around BNPL is right. The aim is to have ...

US default risk: Are credit default swaps signalling trouble?

ANDREW MCKEAN  |  WEDNESDAY, 17 MAY 2023
... "technical" default by the US in 1979 was due to a backlog in word processing causing a delay in the payment of maturing US Treasury bills. Further, he noted that the US debt ceiling has been raised 78 times since 1960, under both Republican and Democratic ...

PwC picks senior leaders to oversee review

CASSANDRA BALDINI  |  TUESDAY, 16 MAY 2023
... firm's tax leak scandal in which PwC senior partners shared information obtained during a confidential consultation with Treasury in relation to tax law changes. According to the firm, Switkowski will commence immediately and has been asked to report ...

VanEck launches US bond ETF

CHLOE WALKER  |  MONDAY, 15 MAY 2023
... its 33rd ETF later this week - the first of its kind to be listed on the ASX, the manager says. The VanEck 1-3 Month US Treasury Bond ETF (TBIL) will list on the ASX on Thursday morning. According to VanEck, TBIL is the first short-term US Treasury bond ...

PwC senior leaders step down over tax scandal

CASSANDRA BALDINI  |  THURSDAY, 11 MAY 2023
... inquiry into PwC executives and their involvement in sharing information obtained during a confidential consultation with Treasury concerning tax law changes continues. PwC assurance leader Kristin Stubbins will take over as acting chief executive in ...

ASIC, APRA reviewer deprioritised by government

JAMIE WILLIAMSON  |  WEDNESDAY, 10 MAY 2023
... deems a budget saving. Outlining the additional $162.4 million in resourcing it will provide itself in delivering on Treasury priorities, the government's budget documents explain the cost of the additional resourcing will be "partially offset by reprioritisation ...

Another round of consultation for veteran super taxation

JAMIE WILLIAMSON  |  TUESDAY, 9 MAY 2023
... outcomes for certain veterans. While the legislation was introduced, it is yet to pass. Now, the government is consulting on Treasury Laws Amendment (Measures for Consultation) Regulations 2023: Military superannuation benefits, which is intended to ...