Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 201 - 210 of 252 results for "Bill Shorten"

Coalition adopts ALP super clearing house model

ALEX DUNNIN  |  THURSDAY, 9 JUN 2011
... picking up the policy albeit with some modifications is why the Senator Sherry and current superannuation minister Bill Shorten attacked the Coalition's backflip. "When we introduced our legislation [for the clearing house], the Opposition did everything ...

Shorten ups Trio super levy to $750,000

ELISE BURGESS  |  WEDNESDAY, 8 JUN 2011
... million for the victims of failed investment firm, Trio Capital. Under new regulations announced, Assistant Treasurer Bill Shorten has raised the maximum levy payment amount for the 30 largest super funds from $500,000 to $750,000. The levy will apply ...

Shorten phases out drawdown relief for account-based pensions

ELISE BURGESS  |  TUESDAY, 7 JUN 2011
Assistant Treasurer, Bill Shorten, has today announced the phasing out of drawdown relief for pensioners but made provisions for 2011-12, expected to benefit some 120,000 self-funded retirees. Under past regulations, self-funded retirees were required ...

Shorten responds to bias accusations

ELISE BURGESS  |  FRIDAY, 3 JUN 2011
Assistant Treasurer Bill Shorten has refuted claims made by planner association critics that have suggested his FOFA reforms are an industry funds puppet, with a spokesman labelling the claims as "a bit rich". Yesterday the Association of Financial ...

Proposed tough planner rules

ELISE BURGESS  |  THURSDAY, 2 JUN 2011
... fundamental focus of FOFA," Klipin said. The Institute of Public Accountants has come out in support of FOFA and Minister Bill Shorten, calling for what is best for the public interest to be the primary concern. "Access to affordable, understandable ...

Planners commission ban skips property

ELISE BURGESS  |  MONDAY, 30 MAY 2011
Financial planners won't lose out on all commissions after Assistant Treasurer Bill Shorten confirmed the ban on commissions will not cover property investments, pushing opportunities for planners in the self-managed super fund (SMSF) space. Property ...

Super insurance simplified for funds

ALISON BEVEGE  |  FRIDAY, 27 MAY 2011
... deductions for the cost of total and permanent disability insurance provided to members. Superannuation Minister Bill Shorten introduced amendments to tax laws that allow the percentage of premiums that can be claimed as deductions to be specified in ...

Tougher controls for SMSF collectibles

ALEX DUNNIN  |  THURSDAY, 19 MAY 2011
... are pleased that they will continue to be permitted to invest in collectables, such as artwork." Asistant treasurer Bill Shorten, in explaining the reasons for the regulations, said "The new rules will ensure that these investments are genuinely made ...

Advisers launch FOFA attack

ALISON BEVEGE  |  THURSDAY, 12 MAY 2011
... commissions in superannuation would increase the nation's undersinsurance problem. While Financial Services Minister Bill Shorten was not available for comment in time for publication, the Government's position has been made clear. The FOFA information ...

Budget 2011: Advisers granted budget wish

ALISON BEVEGE  |  WEDNESDAY, 11 MAY 2011
... people or 73 per cent of those breaching the caps made excess contributions of less than $10,000, Assistant Treasurer Bill Shorten's office said. The figures for 2009-10 were not immediately available. Financial adviser Liam Diggin, principal at Mentor1 ...