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Showing 171 - 180 of 703 results for "Senator"

Billionaires targeted in Twitter bitcoin scam

ELIZA BAVIN  |  FRIDAY, 17 JUL 2020
... Committee on Commerce has requested Twitter brief the committee on the issue no later than July 23, with committee chair Senator Roger Wicker writing to Dorsey: "I understand that Twitter is investigating the matter and has taken steps to remove the ...

Changes to advice incoming: Bragg

ELIZA BAVIN  |  THURSDAY, 16 JUL 2020
Senator Andrew Bragg has confirmed legislative changes to advice are around the corner, telling Michael Rice the Corporations Act needs to be updated. Bragg, in conversation with Rice for a Financial Services Council webinar, said he is an avid user ...

AMP advisers low priority for ASIC

ELIZABETH MCARTHUR  |  WEDNESDAY, 15 JUL 2020
Senator Deborah O'Neil has revealed she was told by ASIC that AMP's Buyer of Last Resort (BOLR) agreements being altered and subsequently slashing the value of advice businesses was not a priority for the regulator. In a letter to the chair of the Parliamentary ...

AustralianSuper PYS fee under scrutiny again

ELIZABETH MCARTHUR  |  WEDNESDAY, 15 JUL 2020
... fund complying with new legislation. At the Senate Parliamentary Joint Committee, Corporations and Financial Services Senator Andrew Bragg asked ASIC commissioner Danielle Press how ASIC's review into member communication about the fee increase. ...

Litigation funding fight heats up

ELIZABETH MCARTHUR  |  MONDAY, 13 JUL 2020
... victims in class actions only receive about 39% of the total awards in class actions. This claim was disputed by Labor Senator Deborah O'Neil. Mathias claimed the figure came from Herbert Smith Freehills, but Herbert Smith Freehills did not include ...

Calls to investigate treatment of AMP advisers

ELIZABETH MCARTHUR  |  FRIDAY, 26 JUN 2020
ASIC has come under pressure from a Senator to look into AMP's treatment of financial advisers, including reducing the value of its Buyer of Last Resort (BOLR) agreements. Labor senator for NSW Deborah O'Neill has written to ASIC chair James Shipton ...

Sargon buyers announce execs, ditch Sargon name

KANIKA SOOD  |  THURSDAY, 18 JUN 2020
... operating officer and Darran Goodger as the chief operating officer, a spokesperson confirmed. Interestingly, former Labor senator Stephen Conroy, who introducing the new chief executive Marcus Price to the buyers, does not have a role at the new company. ...

FASEA extension passes

ELIZABETH MCARTHUR  |  WEDNESDAY, 17 JUN 2020
... education requirements has passed. The Assistant Minister for Superannuation, Financial Services and Financial Technology Senator Jane Hume tweeted that her promise of an extension for financial advisers had been kept. Advisers will now have until 1 ...

Senator remains firm on FASEA extension

ELIZABETH MCARTHUR  |  MONDAY, 15 JUN 2020
Senator Rex Patrick, whose amendment to Treasury Bill Number 3 meant that the FASEA extensions hit a snag, is not backing down. The senator defended his amendment in an email to a financial advice association. "I added a schedule to the bill. Despite ...

FASEA extension hits snag

ELIZABETH MCARTHUR  |  FRIDAY, 12 JUN 2020
... amendment was sought. Despite being introduced to the senate with bipartisan support, an amendment sought by Centre Alliance Senator Rex Patrick on an unrelated issue has seen the omnibus Treasury Laws Amendment returned to the House of Representatives ...