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Showing 211 - 220 of 296 results for "House of Representative"

ECT assessments spike on government cap decision

MELANIE TIMBRELL  |  MONDAY, 2 APR 2012
The number of Excess Contributions Tax notices issued in the 2009-10 financial year has spiked by almost 296%, according the latest statistical update from the ATO. The sharp incline from 15, 315 assessments issued in 2008-09 to 45,330 in 2009-10 is ...

FOFA passing causes industry division

ELISE BURGESS  |  FRIDAY, 23 MAR 2012
The Future of Financial Advice legislation has successfully passed through the House of Representatives to very mixed reactions from the wealth management industry. Minister for Financial Services Bill Shorten called the legislation "historic reforms" ...

Breach in contrib caps should not be taken for revenue: CPA

MELANIE TIMBRELL  |  FRIDAY, 16 MAR 2012
Speaking at the House of Representatives Committee on Economics inquiry today, Michael Davison, superannuation policy adviser, CPA, warned against using a "sledgehammer for a walnut" by overcomplicating the law for a very small number who purposefully ...

Senate committee gives FOFA green light

MELANIE TIMBRELL  |  THURSDAY, 15 MAR 2012
The Senate Economics Legislation Committee has released its report on the future of financial advice bill recommending passage subject to nine recommendations. The report was tabled in Parliament yesterday, with the House of Representatives debate due ...

Market Wrap - Midday

AAP  |  FRIDAY, 24 FEB 2012
The Australian dollar has lifted almost one US cent, on the back of optimistic business data from Germany, and commentary from the Australian reserve bank. At 1200 AEDT on Friday, the Australian dollar was trading at 107.46 US cents, up from 106.47 ...

Market Wrap - Morning

AAP  |  FRIDAY, 24 FEB 2012
The Australian dollar has risen after the release of some encouraging economic data from Germany and the US. At 0700 AEDT on Friday, the Australian dollar was trading at 106.84 US cents, up from 106.47 cents on Thursday. Since 1700 AEDT on Thursday ...

Bankruptcy could be bliss

BENJAMIN ONG  |  MONDAY, 13 FEB 2012
"Don't go talking too loud, you'll cause a landslide, Mr. Jones." - The Bee Gees, New York Mining Disaster The optimism that warmed financial markets for the best part of the first six weeks of 2012 has been dented by the comeback of the European sovereign ...

New tax proposals aim to consolidate lost super

CLAIRE MCGREAL  |  WEDNESDAY, 8 FEB 2012
New tax laws being recommended to Parliament look set to benefit people who have rediscovered lost super balances in various funds. The House of Representatives economics committee is urging MPs to adopt the bill, aimed at simplifying super consolidation ...

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 ...

Waiting for jobs

BENJAMIN ONG  |  FRIDAY, 3 FEB 2012
Financial markets are in one of those "waiting to exhale" moments again. But if one was so bold enough to ask, waiting for what? Waiting till the cows come home to roost? Whoops, sorry I think there's something wrong with my metaphor just there -- or ...