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Showing 151 - 160 of 320 results for %22House of Representatives%22

Life insurance commissions bill passes lower house

ALEX BURKE  |  WEDNESDAY, 30 NOV 2016
... almost a reality following The Corporations Amendment (Life Insurance Remuneration Arrangements) Bill 2016 passing in the House of Representatives. Should the legislation also pass the Senate, upfront commissions will be capped at a 60% maximum and ongoing ...

Bank inquiry recommends breaking big four oligopoly

ALEX BURKE  |  FRIDAY, 25 NOV 2016
The House of Representatives Standing Committee on Economics' first report in its review of the four major banks has recommended breaking the big four's "oligopoly" and introducing competition into the sector. The report said this could be achieved ...

Cooper defends BT life insurance figures

ALEX BURKE  |  MONDAY, 17 OCT 2016
... TPD claims denial rate was "not comparable" with other insurers. He explained: "ASIC said at its recent appearance at the House of Representatives Economics Committee that the data that has been provided by industry participants is not consistent. Any ...

Poll provides fresh defence against Royal Commission

MARK SMITH  |  FRIDAY, 14 OCT 2016
... claiming to be clearly positive towards banks compared to those who were clearly negative. In its opening address to the House of Representatives Standing Committee on Economics, ASIC called out recent scandals, saying: "In recent times banks have fallen ...

ANZ blames tech and training for bank mishaps

JAMIE WILLIAMSON  |  THURSDAY, 6 OCT 2016
... conceded the bank has not always met the standards it sets for itself or that the community rightly expects. In addressing the House of Representatives' parliamentary committee yesterday, Elliott said: "Each time we fall short, we potentially harm a ...

CommInsure under fire again

JAMIE WILLIAMSON  |  TUESDAY, 4 OCT 2016
... be rejected. The fresh allegations and the inquiry findings are expected to be discussed when CBA's Ian Narev faces the House of Representatives Economics Committee in Canberra today. Narev will be the first of the big four banks' chief executives to ...

ASIC hands down permanent and four year bans

KERRIE SYDEE  |  FRIDAY, 16 SEP 2016
... International Finance Consortium convinced a number of investors to pay approximately $618,000 to acquire interests in 'a house and land' property development in Queensland. Hill was found guilty of fraudulently misappropriating $281,000 of invested ...

ABA denies precedent for matching RBA cash rates

ALEX BURKE  |  FRIDAY, 5 AUG 2016
... not done so." Subsequently, Turnbull and Treasurer Scott Morrison proposed an annual meeting with the big four banks at a House of Representatives standing committee on economics where the institutions would, in Turnbull's words, "give a full account ...

Super governance at top of APRA agenda

MARK SMITH  |  MONDAY, 21 MAR 2016
... appropriate benchmarks. This is an area where we observe industry practices can be improved," APRA chair Wayne Byres told the House of Representatives Standing Committee on Economics in Canberra. APRA is also taking a closer look at board member appointment ...

Labor wants stronger LIF rules

ALEX BURKE  |  FRIDAY, 4 MAR 2016
... Superannuation, Jim Chalmers. Discussing the Corporations Amendment (Life Insurance Remuneration Arrangements) Bill 2016 in the House of Representatives on March 3, Chalmers said that while the legislation "picks up some of the concerns in these reviews," ...