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Showing 1 - 10 of 29 results for "Assistant Treasurer Bill Shorten"

FOFA debate due after PJC report: Shorten

CLAIRE MCGREAL  |  MONDAY, 6 FEB 2012
Assistant Treasurer Bill Shorten has confirmed FOFA legislation won't be debated by MPs until after the Parliamentary Joint Committee has delivered its report and recommendations on the bill. Opposition spokesman on Financial Services Mathias Cormann ...

Aus can deal with another GFC: Shorten

CLAIRE MCGREAL  |  THURSDAY, 19 JAN 2012
Assistant Treasurer Bill Shorten says Australia is not in the same boat as Europe and is better placed to deal with another worldwide recession. The World Bank yesterday declared the global economy had entered a "dangerous period", warning it could ...

Govt releases intra-fund advice rules

ELISE BURGESS  |  THURSDAY, 8 DEC 2011
Assistant Treasurer Bill Shorten has released details of the new superannuation trustee requirements around the delivery of intra-fund advice, today revealing certain advice areas excluded from the service. While intra-fund advice will cover any general ...

Insto tax phase down deferred one year

ELISE BURGESS  |  WEDNESDAY, 23 NOV 2011
Assistant Treasurer Bill Shorten has announced a one year deferral of its phase down of interest withholding tax, paid primarily by financial institutions as announced in the 2010-11 Budget, thanks to the MRRT. As promised in last year's Budget, the ...

APRA accepts EU from former Trio director

CLAIRE MCGREAL  |  FRIDAY, 4 NOV 2011
... responsible entity for 25 managed investment schemes, including the Astarra Strategic Fund In April Assistant Treasurer Bill Shorten announced he would grant around $55 million in financial assistance to over 5,000 members of the Trio superannuation ...

Government confirms ban on commissions

MATT WOODINGTON  |  THURSDAY, 29 SEP 2011
... the unveiling of the second tranche was relatively low key, perhaps due to it coinciding with Assistant Treasurer Bill Shorten's annual leave. Nonetheless, the Government has fulfilled its promise to crack down on conflicted remunerations with bans on ...

Boost for corporate sector as Stronger Super details emerge

MATT WOODINGTON  |  WEDNESDAY, 21 SEP 2011
... further on a mechanism to allow this period to be extended in certain, limited circumstances. Assistant Treasurer Bill Shorten said that a thirty-year-old worker on full time average wages could expect $40,000 more in retirement once the Stronger Super ...

Industry body applauds move to define financial planners

MATT WOODINGTON  |  MONDAY, 29 AUG 2011
... planner they know that person is backed by appropriate qualifications and an ethical framework." Assistant Treasurer Bill Shorten made the announcement as part of the first tranche of draft legislation on the future of financial advice reforms released ...

Submissions open on excess super contribution cap refund rules

ALISON BEVEGE  |  THURSDAY, 18 AUG 2011
... self-managed super fund trustees can have their say on the excess contributions cap reprieve after Assistant Treasurer Bill Shorten released a consultation paper yesterday. Under the contributions cap, super fund members under the age of 50 can contribute ...

Super tribunal needs members to solve disputes

ALISON BEVEGE  |  TUESDAY, 9 AUG 2011
... while others have been lawyers. Part-time members are appointed by Superannuation Minister and Assistant Treasurer Bill Shorten and serve for a three- to four-year term. Members are not required to travel to Melbourne to participate in review meetings. ...
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