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| | | ... 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 ... |
| | | | ... 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 ... |
| | | | ... 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 ... |
| | | | 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 ... |
| | | | 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 ... |
| | | | 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 ... |
| | | | ... 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 ... |
| | | | ... 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 ... |
| | | | ... 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 ... |
| | | | 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) ... |
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