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Showing 131 - 140 of 1204 results for "Federal government"

ASIC to ease hardline stance

KARREN VERGARA  |  FRIDAY, 27 AUG 2021
The federal government is expecting ASIC to tone down its regulatory powers even though the Hayne Royal Commission exposed its ineffectiveness at enforcing corporate law. Federal treasurer Josh Frydenberg overnight released a new set of expectations ...

Industry associations slam last resort scheme

KARREN VERGARA  |  FRIDAY, 13 AUG 2021
... Financial Advisers Association, and the Boutique Financial Planning Principals Association are pushing the federal government to make structural changes to the scheme. The draft legislation proposes the CSLR to be a subsidiary of the Australian Financial ...

Industry Fund Services executive departs

KANIKA SOOD  |  FRIDAY, 13 AUG 2021
Industry Fund Services' deputy general manager of unpaid super business unit has left the organisation. Pauline Olson has left IFS after 20 years, Financial Standard's sister publication Industry Moves first reported. "Her role has been absorbed into ...

Vanguard incentivises staff to get the jab

KARREN VERGARA  |  FRIDAY, 6 AUG 2021
Vanguard is offering its US staff US$1000 ($1300) to get vaccinated against COVID-19. A spokesperson said the fund manager has no plans to roll out the incentive for its Australian workers as yet. "While Vanguard strongly encourages staff to get a COVID-19 ...

Relief payments confirmed for NSW

ELIZABETH MCARTHUR  |  WEDNESDAY, 14 JUL 2021
As the Greater Sydney lockdown is extended a further fortnight, the federal government has confirmed disaster relief payments are on the way to support businesses. "The Morrison government is upgrading its national response to COVID-19 outbreaks with ...

Insurers dodging Royal Commission reform

ELIZABETH MCARTHUR  |  MONDAY, 12 JUL 2021
Last week, the federal government announced exemptions for the insurance industry in relation to Royal Commission reforms. According to the Consumer Action Law Centre, these exemptions allow the insurance industry to side-step the Royal Commission recommendations ...

AMP board adds former banking chief

KARREN VERGARA  |  FRIDAY, 25 JUN 2021
A former bank chief executive has joined the board of AMP as an independent non-executive director. Michael Hirst joins the ASX-listed firm on July 1, bringing over 40 years of experience in leadership roles across funds management, treasury and banking. ...

Industry split on paid vaccine leave

JAMIE WILLIAMSON  |  FRIDAY, 25 JUN 2021
The Finance Sector Union is petitioning for paid vaccination leave, saying employers can help ensure the community is safe from COVID-19. So, who is and who isn't on board? The FSU is calling for two days of paid leave to be offered to employees ...

ME Bank acquisition receives green light

KARREN VERGARA  |  MONDAY, 21 JUN 2021
The federal government has approved the Bank of Queensland's acquisition of ME Bank, which was formerly owned by industry superannuation funds. ME Bank will officially become part of the BOQ group. The two firms said they will continue to operate ...

Chief economist update: It's raining jobs

BENJAMIN ONG  |  FRIDAY, 18 JUN 2021
... "jobs full" recovery brings with it that horrible thought that the Reserve Bank of Australia (RBA) and/or the federal government withdrawing their policy largesse. Que horror! Monetary and fiscal accommodation no more! We all wish and hope and pray that ...