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Showing 221 - 230 of 334 results for "Minister for Financial Services"

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 ...

SuperStream levy unclear

MELANIE TIMBRELL  |  MONDAY, 4 JUN 2012
... SuperStream Advisory Council on expenditure and progress against budgeted plans be forthcoming." Minister for Financial Services and Superannuation, Bill Shorten has today called for nominations from individuals interested in appointment to the SuperStream ...

APRA empowered to chase rogue superfund directors

BEN COLLINS  |  THURSDAY, 24 MAY 2012
... that we frame the liability right, otherwise no individual will want to be a trustee director." Minister for financial services and superannuation, Bill Shorten, said that the new regulatory powers were essential to superannuation reforms. "I flagged ...

PJC blasts Trio follow-up

MELANIE TIMBRELL  |  WEDNESDAY, 16 MAY 2012
... to act more rapidly and decisively than they have acted in the past," Cormann said. The Shadow Minister for Financial Services also called on the government to appropriately resource ASIC to allow a proper investigation of the various offshore companies ...

Australia eyes Israeli super system

MELANIE TIMBRELL  |  FRIDAY, 11 MAY 2012
... to industry heavyweight Jeremy Cooper. Just back from a research trip to Israel led by federal Minister for Financial Services Bill Shorten, Challenger's chairman, retirement incomes said that while Israeli asset allocation tends to be quite conservative ...

Compensation report finds against last resort scheme

RACHEL DAVIS  |  WEDNESDAY, 9 MAY 2012
... has shown there is no silver bullet to solve this complex problem overnight," said Bill Shorten, Minister for Financial Services and Superannuation. "The release of this report is an important step in ensuring that Australians have access to the most ...

CGT relief paves way for super mergers

MELANIE TIMBRELL  |  TUESDAY, 24 APR 2012
... finalisation of a raft of proposed mergers, particularly in the not-for-profit superannuation space. Minister for Financial Services and Superannuation, Bill Shorten said the move was in support of the MySuper reforms, encouraging fund mergers that would ...