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Showing 171 - 180 of 1187 results for %22Labor%22

Calls to investigate treatment of AMP advisers

ELIZABETH MCARTHUR  |  FRIDAY, 26 JUN 2020
... 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, urging him to investigate the AMP BOLR changes. Last ...

Sargon buyers announce execs, ditch Sargon name

KANIKA SOOD  |  THURSDAY, 18 JUN 2020
... Infrastructure Partners, as first reported by Financial Standard on May 1. He is also a founding shareholder in the company. Former Labor member of parliament Lindsay Tanner has been appointed the non-executive chair while BT veteran Sue Thomas will ...

FASEA extension passes

ELIZABETH MCARTHUR  |  WEDNESDAY, 17 JUN 2020
... advisers have been put through the wringer, with the bill having been stymied multiple times by unrelated amendments from Labor and crossbench Senators being attached to it that were not supported by the government," Fox said. "At a time when retail ...

Senator remains firm on FASEA extension

ELIZABETH MCARTHUR  |  MONDAY, 15 JUN 2020
... Senator Hume not being able to give any policy reason for doing so," Patrick said in the email. "However, it was supported by Labor, the Greens, and the crossbench, all of whom don't want the exemption, which applies to many of Australia's 'rich listers' ...

FASEA extension hits snag

ELIZABETH MCARTHUR  |  FRIDAY, 12 JUN 2020
... Representatives, resulting in another delay in the extension being passed. Senator opposed Patrick's amendment, but Labor, the Greens and One Nation supported it. Labor Senator Jenny McAllistor said that Labor does support the bill, which will amend ...

Labor calls for end to war on super

HARRISON WORLEY  |  TUESDAY, 9 JUN 2020
The Labor Party is calling on Prime Minister Scott Morrison to finally put an end to the war on superannuation waged by government backbenchers, in an effort to ensure Australia rebounds from COVID-19 "faster and better". Financial Standard has obtained ...

Short consultation window for stamping fee exemption

HARRISON WORLEY  |  FRIDAY, 5 JUN 2020
... to extend the ban on conflicted remuneration to listed investment companies and trusts after consultation with Treasury. Labor had been agitating for the move for some time, and attached it as an amendment to an omnibus bill which also carried an extension ...

Asgard, Future Super shamed on ERS

ELIZABETH MCARTHUR  |  THURSDAY, 4 JUN 2020
... members by super funds within five business days after the member is approved for early release by the Australian Tax Office. Labor MP Andrew Leigh expressed concern that chair of the commission Liberal MP Tim Wilson was only enquiring about conflicts ...

FASEA extension en route

HARRISON WORLEY  |  FRIDAY, 22 MAY 2020
... Senate for legislation extending the deadline for advisers to meet FASEA educational requirements. With the matter settled, a Labor spokesperson told Financial Standard the opposition's amendment to the Treasury Laws Amendment (2019 Measures No. ...

FASEA blame game on in earnest

HARRISON WORLEY  |  FRIDAY, 15 MAY 2020
... financial advice is so important to Australians, I am extremely disappointed the passage of this bill has been frustrated by the Labor Party - in little more than a cheap political stunt," Hume said. Hume characterised Labor's decision to attach ...