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Showing 201 - 210 of 266 results for "Treasurer Josh Frydenberg"

Treasury initiates review post RC

KANIKA SOOD  |  FRIDAY, 8 FEB 2019
Federal Treasurer Josh Frydenberg has announced an immediate review into how financial counselling services are funded and co-ordinated. Financial counselling services are provided by the Department of Social Services with a commitment that totals $64 ...

Grandfathered commissions deadline challenging: AFA

JAMIE WILLIAMSON  |  WEDNESDAY, 6 FEB 2019
... Phil Anderson believes the timeline is problematic. Responding to the Royal Commission's final report, Treasurer Josh Frydenberg announced payment of grandfathered commissions will be banned as of 1 January 2021. "This is not a simple matter and will ...

Life risk commissions must also go: Hayne

KANIKA SOOD  |  MONDAY, 4 FEB 2019
... review and considering the factors identified by the Royal Commission when undertaking this review," Treasurer Josh Frydenberg said in response. "As part of these reforms, the Government announced that ASIC would conduct a review in 2021 to consider ...

Misconduct must end: Frydenberg

DARREN SNYDER  |  MONDAY, 4 FEB 2019
... and financial services Royal Commission has made 76 recommendations to address industry misconduct and Treasurer Josh Frydenberg said the Federal Government will act on each of them. The Treasurer has put the blame of industry misconduct solely on Australia's ...

Grandfathered commissions to be banned

JAMIE WILLIAMSON  |  MONDAY, 4 FEB 2019
... will be banned from 1 January 2021. Responding to the release of the Royal Commission's final report, Treasurer Josh Frydenberg has confirmed the payment of grandfathered commissions will be outlawed. Further, from 1 January 2021, payments of any previously ...

Former ACCC chair will lead APRA capability review

HARRISON WORLEY  |  MONDAY, 4 FEB 2019
... Commission's final report into Misconduct in the Banking, Superannuation and Financial Services Industry, Treasurer Josh Frydenberg said a capability review would be launched into APRA and led by Graeme Samuel. The Royal Commission final report recommended ...

First neobank granted full banking licence

OSKAH DUNNIN  |  WEDNESDAY, 23 JAN 2019
Volt Bank has become the first neobank to obtain a full banking licence from APRA. Treasurer Josh Frydenberg applauded the news and said it promotes industry competition and company innovation. Likewise, Volt Bank's success shows promise for neobanks ...

Budget surplus unlikely as economy stalls: Fitch

OSKAH DUNNIN  |  TUESDAY, 15 JAN 2019
... Government's 2019/20 financial year surplus, according to market analysts at Fitch Solutions. In December 2018, Treasurer Josh Frydenberg and Finance Minister Mathias Cormann announced the Federal Government had received higher than expected revenue ...

AAT upholds AFSL rejection

OSKAH DUNNIN  |  TUESDAY, 15 JAN 2019
... of strict liability to make a false or misleading statement in an application for an AFSL." In 2018, Treasurer Josh Frydenberg said under ASIC, "perpetrators got off too lightly."

MYEFO: Regulatory funding increases, Budget surplus doubles

DARREN SNYDER  |  MONDAY, 17 DEC 2018
... receipts have been revised up by $8.3 billion in 2018-19 and $12.4 billion over the four years to 2021-22. Treasurer Josh Frydenberg said MYEFO confirms the strength of the Australian economy.