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Showing 221 - 230 of 340 results for "Minister for Financial Services"

Shorten reins in employer involvement in default super

MELANIE TIMBRELL  |  THURSDAY, 23 AUG 2012
Minister for Financial Services Bill Shorten has been accused of 'gazumping' the Productivity Commission inquiry into default super by moving to head off options that would give employers more choice in fund selection. The Minister yesterday pointed ...

Super governance Bill passes amid cries of favouritism

BEN COLLINS, MELANIE TIMBRELL  |  THURSDAY, 16 AUG 2012
... interests and giving APRA power to make prudential standards for superannuation. Bill Shorten, minister for financial services and superannuation has accused the Coalition of being all talk and no walk when it comes to superannuation governance. "I am ...

No roadblocks to success: Cormann

BEN COLLINS  |  FRIDAY, 3 AUG 2012
Mathias Cormann, Shadow Assistant Treasurer and Shadow Minister for Financial Services and Superannuation, came out swinging yesterday, accusing the Federal government of implementing "chaotic and unpredictable" regulations. Cormann swore a "blood oath ...

Cormann criticises trust reform delay

MELANIE TIMBRELL  |  MONDAY, 30 JUL 2012
Shadow Minister for Financial Services Mathias Cormann has criticised an additional delay on promised tax reform for managed investment trusts. In a statement issued this morning following news Assistant Treasurer David Bradbury would announce the delay ...

$2.8bn in lost super found

LINDA HAUSKEN  |  WEDNESDAY, 4 JUL 2012
... now at $17.4bn, a 14% fall from the previously reported total of $20.2 billion. Bill Shorten, minister for financial services and superannuation, said the lost super figures released today were a step in the right direction and demonstrated that the ...

Former Ansett workers get $16m super payback

LINDA HAUSKEN  |  MONDAY, 2 JUL 2012
... a long time for their entitlements and for this process to come to an end," said Bill Shorten, minister for financial services and superannuation. "The collapse of Ansett was a significant moment in Australia's recent history, and as much of an impact ...

AGEST merger put on hold

BEN COLLINS  |  FRIDAY, 29 JUN 2012
... funds to merge without triggering adverse tax consequences that would affect members' savings. Minister for financial services and superannuation Bill Shorten, said that the measures "removes a barrier that would have prevented otherwise sound superfund ...

NIIS development on track

LINDA HAUSKEN  |  TUESDAY, 26 JUN 2012
... the Gillard Government's reforms to the disability care and support sector," said Bill Shorten, minister for financial services and superannuation. The National Injury Insurance Scheme (NIIS) is intended to cover the lifetime care and support needs for ...

New accountants' licence hailed as win for affordable advice

MELANIE TIMBRELL  |  MONDAY, 25 JUN 2012
... part of the current regime." The SMSF Professionals' Association of Australia (SPAA) commented on Minister for Financial Services Bill Shorten's estimates that the new rules could see up to 10,000 accountants become licensed. "The majority of SMSF trustees ...

FOFA passes as industry backs professionalism

MELANIE TIMBRELL  |  THURSDAY, 21 JUN 2012
... Parliament just 10 days before its proposed start date," said Senator Mathias Cormann, Shadow Minister for Financial Services. "The important regulations that underpin the FOFA legislation have yet to be finalised." Regulations and ASIC guidance on how ...