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Showing 221 - 230 of 346 results for "Productivity Commission"

Regulatory costs unsustainable: FPA

KARREN VERGARA  |  THURSDAY, 28 SEP 2017
... competition but see consumers bear the brunt of additional compliance costs. In its submission to the Productivity Commission's inquiry on competition in the Australian financial system, the FPA raised concerns over the ever changing regulatory demands ...

Lack of expertise driving down competition: APRA

ALEX BURKE  |  MONDAY, 18 SEP 2017
In its submission to the Productivity Commission, APRA called out a lack of expertise and systems capabilities as hindering competition in the Australian financial sector. Noting the high levels of concentration in many financial industry sectors, measured ...

Hands off super: SMSFA

EMMA RAPAPORT  |  MONDAY, 11 SEP 2017
... is repeating its calls for a "sustained period of stability" in the superannuation system, telling the Productivity Commission that legislative change and speculation is an impediment to an efficient system that can deliver the best retirement savings ...

Government gives super system further makeover

DARREN SNYDER  |  TUESDAY, 25 JUL 2017
... default life insurance," Maurice Blackburn principal Kim Shaw said. The proposals come at a time when the Productivity Commission is still reviewing superannuation's competitiveness and efficiency. The Commission will present a draft report in January ...

Government closes super loophole

EMMA RAPAPORT  |  MONDAY, 10 JUL 2017
... from 1 July 2017 and is expected to improve the Budget's underlying cash balance by $470 million. "The Productivity Commission has recently found that transition to retirement income streams have increasingly been used by people for tax minimisation ...

Competition would save Australians millions in super fees: Deloitte

EMMA RAPAPORT  |  TUESDAY, 4 JUL 2017
... "It's not clear that this is an optimal outcome for longer-term retirement funds," the firm said. The Productivity Commission is currently undertaking a wide-ranging review of the efficiency and competitiveness of the superannuation system, but noted ...

Super funds not future ready: Mercer

EMMA RAPAPORT  |  WEDNESDAY, 7 JUN 2017
... consolidation to affect their own fund. Additionally, 58% of funds regard government regulation and the Productivity Commission inquiry as their fund's top risk, and 55% view it as a dominant force shaping the industry. The report also shows inconsistencies ...

Labor fights phoenix fraud

EMMA RAPAPORT  |  WEDNESDAY, 24 MAY 2017
... Office (ATO) up to $3.2 billion annually. The new reforms bring Labor in line with continued calls from the Productivity Commission, the Australian Institute of Company Directors, the Senate Economics References Committee, the Phoenix Research Team and ...

Tax relief for merging super funds extended

EMMA RAPAPORT  |  TUESDAY, 9 MAY 2017
... Consolidation should lead to better retirement outcomes through reduced costs." The relief comes as the Productivity Commission completes a review into the efficiency and competitiveness of Australia's superannuation industry. Speaking at a Financial ...

Treasurer launches new financial system inquiry

KARREN VERGARA  |  TUESDAY, 9 MAY 2017
... another inquiry that will investigate the level of competition across Australia's financial system. The Productivity Commission has been tasked to deliver better outcomes for consumers and small businesses, as well as improve the financial system's productivity ...