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Showing 231 - 240 of 340 results for "Minister for Financial Services"

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 ...

Industry rejects changes to super tax

MELANIE TIMBRELL  |  MONDAY, 23 APR 2012
... incentives for voluntary savings would undo decades of work to encourage self-funded retirement. Shadow Minister for Financial Services and Superannuation, Senator Mathias Cormann called the proposed changes a "tax grab," saying the move was indicative ...

Market solutions favoured in OTC derivative reform

MELANIE TIMBRELL  |  FRIDAY, 20 APR 2012
... "market driven solutions," according to a joint statement from Wayne Swan, Treasurer, Bill Shorten, Minister for Financial Services and Bernie Ripoll, Parliamentary Secretary to the Treasurer. "The Council advises that it does not consider restrictions ...

Shorten demands clarity of stance on SG rise

MELANIE TIMBRELL  |  MONDAY, 26 MAR 2012
Minister for Financial Services Bill Shorten has hit back at the opposition leader's comments on the superannuation guarantee increase, asking for a clarification of position. Last week's passage of the minerals resource rent tax legislation with changes ...

FOFA passing causes industry division

ELISE BURGESS  |  FRIDAY, 23 MAR 2012
... 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" that complement the current upgrade of the superannuation industry. ...