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Showing 211 - 220 of 252 results for "Bill Shorten"

Super funds win merger tax relief

ALISON BEVEGE  |  TUESDAY, 3 MAY 2011
... superannuation funds have been granted a three-month tax relief extension by Financial Services and Superannuation Minister Bill Shorten. Minister Shorten today said that the Government would extend the temporary tax loss relief for consolidating funds ...

Government applauds ASIC trading rules

MATT WOODINGTON  |  MONDAY, 2 MAY 2011
... for an Australian market licence is under consideration. The Government expects to announce a decision soon," said Bill Shorten, Assistant Treasurer. Most of ASIC's new market integrity rules come into play on October 31 2011, giving industry participants ...

Advisers sacked, fees halved in "doom" scenario

ALISON BEVEGE  |  MONDAY, 2 MAY 2011
... with FOFA as opposed to $298,000 without, the report said. The report was issued before Financial Services Minister Bill Shorten's release of the FOFA changes but the numbers were so large that they still presented an issue for planners. But Richard ...

High level super talks on now

ALISON BEVEGE  |  MONDAY, 2 MAY 2011
Top superannuation fund chiefs are today locked in high-level talks with Financial Services Minister Bill Shorten on a range of issues including raising the superannuation guarantee. Pauline Vamos, chief executive of the Association of Superannuation ...

Opposition attacks opt-in concession

ALISON BEVEGE  |  THURSDAY, 28 APR 2011
Minister for Financial Services Bill Shorten has eased reforms on financial planners by extending the opt-in period but the Opposition has attacked, saying it would still cost an average firm $50,000. Adviser groups have lobbied hard against the opt-in ...

Less conflict, more interest: FOFA

MICHELLE BALTAZAR  |  THURSDAY, 28 APR 2011
Despite some protests on the details of the proposed FOFA reforms, Assistant Treasurer Bill Shorten said the changes, particularly the ban on 'conflicted remuneration', can only improve the planning industry's public image and encourage more Australians ...

Ansett trustees make a move

ELISE BURGESS  |  TUESDAY, 19 APR 2011
... information on their super after trustees, Mercer Investment Nominees, alerted the federal government of its plans. Bill Shorten, assistant treasurer and minister for superannuation, said the statements will give members clarity on the distribution amount ...

Advisers fear super fund competition

ALISON BEVEGE  |  TUESDAY, 19 APR 2011
... Financial Planners Association luncheon in Sydney, advisers made their fears known to Financial Services Minister Bill Shorten in question time. "How do we compete with industry funds who run advice paid for across their entire membership," asked Liam ...

ASFA wants action on tax relief

ALISON BEVEGE  |  FRIDAY, 15 APR 2011
... of merging in the next six to 12 months- talk to me or write a letter to the minister (Financial Services Minister Bill Shorten) to say how much will be shaved off your member accounts if you merge," she said. "Now, the average is 2.6 per cent. That's ...

Planners needle minister over FOFA

ALISON BEVEGE  |  THURSDAY, 14 APR 2011
Financial Services Minister Bill Shorten fielded prickly questions from financial planners after giving a speech on the Future of Financial Advice reforms at a luncheon gathering yesterday. Minister Shorten told the Financial Planning Association (FPA) ...