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Showing 151 - 160 of 1204 results for "Parliament"

Admin fees could balloon from BFID

KARREN VERGARA  |  TUESDAY, 16 MAR 2021
... industry experts warn. The reforms, which are part of the Your Future Your Super legislation currently sitting before parliament, will force trustees to prove they are acting in the best financial interests of members thanks to the introduction of the ...

Super for house deposits will push up prices: ASFA

KANIKA SOOD  |  MONDAY, 15 MAR 2021
... buy property will push up house prices and worsen affordability for low-income earners, says ASFA. Liberal member of parliament Tim Wilson is currently campaigning to let Australians use their superannuation savings to pay for house deposits. Meanwhile ...

Aged care RC unveils 148 recommendations

KARREN VERGARA  |  TUESDAY, 2 MAR 2021
... found in its in final report. The final report of the Royal Commission into Aged Care Quality and Safety, tabled in parliament yesterday, formulated 148 recommendations to overhaul a system that enables the persistent neglect and abuse of the elderly. ...

Possible delay for SG rise: Hume

ANNABELLE DICKSON  |  MONDAY, 1 MAR 2021
... "absolutely essential" due to the low average balances at retirement. "Is it sustainable for any elected member of parliament '15.4% is absolutely essential for us but 9.5% is adequate for the person cleaning our office'?" Jones asked. Jones explained ...

Chief economist update: Fed fights back bond bears

BENJAMIN ONG  |  MONDAY, 1 MAR 2021
... bond yields. So has the Bank of Japan (BOJ) and the Bank of Korea (BOK). BOJ governor Haruhiko Kuroda told Japan's parliament: "The BOJ has no intention of pushing up (10-year bond yields) above its target of around 0%... "It's important now ...

Big super locking Aussies out of homes: Wilson

ELIZA BAVIN  |  FRIDAY, 19 FEB 2021
... Wilson's hare-brained scheme to stop super funds investing in affordable housing is that it could become a reality if the parliament passes the Your Future, Your Super legislation. Fringe backbenchers will soon have the power to pressure the minister ...

Continuous disclosure laws to stay

KARREN VERGARA  |  WEDNESDAY, 17 FEB 2021
... dry up investment," he said. Separately, the landmark Your Future, Your Super package of reforms were introduced in parliament today. Treasury Laws Amendment (Your Future, Your Super) Bill 2021 is the culmination of about three years' work of the ...

Hume slams superannuation circus

KARREN VERGARA  |  MONDAY, 15 FEB 2021
... solutions. Too often, Hume said, "the super industry lobbyist leviathan" have spoken with a megaphone on the floor of parliament opposing efficiency reforms. Hume reminded the audience that the super industry is far from perfect and that pockets of underperformance ...

Chief economist update: Nikkei not so fine

BENJAMIN ONG  |  TUESDAY, 9 FEB 2021
... effect, freezes economic activity. More so now that the directive was given more teeth after the Diet - Japan's Parliament - enacted laws introducing fines for non-compliance. This disconnect between the real economy and stockmarket pricing has led ...

Future Super, Verve accused of misleading members

ELIZABETH MCARTHUR  |  WEDNESDAY, 3 FEB 2021
... where all Australians are members of AustralianSuper, they will have lower fees but there will be other issues for the Parliament to consider," he said. He pointed to MAP and LESF Super's recent successor fund transfer to SmartSave as an example ...