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Showing 141 - 150 of 761 results for %22Senate%22

Axe super for low-income earners: Senator

HARRISON WORLEY  |  THURSDAY, 25 JUL 2019
... superannuation voluntary for those earning less than $50,000 per annum. Lashing the super industry in his first speech to the Senate, new Liberal Senator for New South Wales Andrew Bragg said compulsory super had "made the unions, banks and insurers ...

Member interests delay recommended

HARRISON WORLEY  |  WEDNESDAY, 24 JUL 2019
The Senate Economics Legislation Committee has recommended MPs waive the Government's member interests superannuation reforms through Parliament, almost untouched. Releasing the report into its inquiry of the Putting Members Interests First Bill (PMIF) ...

SG debate puts super in a spin

HARRISON WORLEY  |  TUESDAY, 23 JUL 2019
... should be good enough for the women of Australia," Goodwin added. The issue was brought to a head during a fiery day in the Senate yesterday, where Shadow Minister for Finance, Senator Katy Gallagher questioned whether Australians should trust the Government ...

Super body opposes member interests bill

HARRISON WORLEY  |  MONDAY, 22 JUL 2019
... employed in superannuation and financial services, Women in Super (WIS), has condemned the bill in a submission to the Senate Economics Legislation Committee's inquiry into the Government's proposal. Steadfastly refusing to support the Putting ...

Advice associations weigh in on member interests bill

HARRISON WORLEY  |  FRIDAY, 19 JUL 2019
... advisers have taken similar positions on the Government's latest round of superannuation reforms. In submissions to the Senate Economics Legislation Committee on the Putting Members' Interests First Bill that riled AustralianSuper earlier in ...

Reform implementation timeframe too short: AustralianSuper

HARRISON WORLEY  |  WEDNESDAY, 17 JUL 2019
... recently re-introduced Treasury Laws Amendment (Putting Members' Interests First) Bill 2019 in a submission to the Senate Economics Legislation Committee, AustralianSuper head of insurance product Richard Land said the bill's implementation deadline ...

Super, life risk face election test

HARRISON WORLEY  |  MONDAY, 6 MAY 2019
... monthly earning threshold are two key planks of the Women in Super 'Make Super Fair' campaign and key recommendations of the Senate Inquiry into Economic Security for Women in Retirement," Wood said at the time. While SMSFs may end up heavily impacted ...

APRA to boost staff numbers

HARRISON WORLEY  |  FRIDAY, 12 APR 2019
... APRA has confirmed it will hire around 100 more permanent staff after its funding boost. In a planned statement to the Senate Economics Legislation Committee, APRA chair Wayne Byres revealed the prudential regulator is looking to hire 100 more permanent ...

Banks push to leave vertical integration on the table

HARRISON WORLEY  |  WEDNESDAY, 10 APR 2019
... time, Australia's banks want to leave the door ajar for a return to the much maligned vertical integration model. As the Senate Standing Committees on Economics probe a Pauline Hanson bill looking to forcefully separate deposit taking banks from wealth ...

APRA receives new super powers

KARREN VERGARA  |  FRIDAY, 5 APR 2019
... position to further their own interests, the explanatory memorandum shows. "For serious contraventions, amendments made by the Senate to this Schedule that were tabled by the Opposition allow for a Court to fine the trustee or director up to 2,400 penalty ...