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Showing 251 - 260 of 748 results for "Senate - 52"

ATO blamed for SG non-payment

KARREN VERGARA  |  WEDNESDAY, 3 MAY 2017
The Australian Tax Office's "inadequate" approach to policing superannuation guarantee payments has exacerbated the growing problem of non-compliance, a Senate committee report found. The ATO's reactive rather than proactive practices significantly ...

SG non-payment is an 'easy fix': ISA

KARREN VERGARA  |  TUESDAY, 2 MAY 2017
Industry Super Australia is anticipating an "easy fix" for workers losing up to $300 million in superannuation drawdowns annually ahead of Senate inquiry findings into unpaid superannuation due to be released today. ISA estimates unpaid super costs ...

Banks can offer fintech an olive branch

EMMA RAPAPORT  |  MONDAY, 1 MAY 2017
Financial technology upstarts promise to reinvent financial services, yet large institutions are accused of hindering progress. In an email blast to thousands of customers last year, Commonwealth Bank warned the use of certain fintech services could ...

Labor renews calls for banking Royal Commission

EMMA RAPAPORT  |  MONDAY, 24 APR 2017
Senate Economics References Committee chairman Chris Ketter has justified Labor's calls for a Royal Commission into the banking and financial services sector, citing a flood of angry consumer complaints. In a submission to the Senate Inquiry into Consumer ...

Obamacare one, Trump nil

BENJAMIN ONG  |  MONDAY, 27 MAR 2017
... credibility of the democratic process in America. Despite having control of the government trifecta - White House, Congress, Senate - the Donald, the "dealmaker", was unable to negotiate a deal to repeal Obamacare. While it's a slap on the face for the ...

Crowdfunding legislation gets greenlight

KARREN VERGARA  |  WEDNESDAY, 22 MAR 2017
The newly passed equity crowdfunding legislation will give businesses unprecedented access to alternate sources of capital - an opportunity many have been waiting for, according to FinTech Australia. The Senate passed the Corporations Amendment (Crowd-Sourced ...

ATO payroll system tracking unpaid super

KARREN VERGARA  |  THURSDAY, 16 MAR 2017
The Australian Taxation Office is tackling the growing $3.6 billion unpaid super problem with its Single Touch Payroll (STP) system that closely monitors employers' inability to pay superannuation entitlements, with the first phase due to roll out on ...

Wages and super should be aligned: Cbus

EMMA RAPAPORT  |  TUESDAY, 14 MAR 2017
Cbus is calling on the Federal Government to align the payment of workers' superannuation with the payment of wages. The industry super fund claims the quarterly payment cycle for the superannuation guarantee creates a significant risk of non-compliance ...

Doubting the benefit

BENJAMIN ONG  |  TUESDAY, 14 MAR 2017
Lost in the current expectations du jour - inevitable Fed rate hike on the 15th of March (and how many more thereafter) and US president Trump's reflationary policies (would they be passed in full, scaled down, or abandoned) are recent developments ...

No other way but up

BENJAMIN ONG  |  MONDAY, 13 MAR 2017
A few more sleeps and the fed funds rate would no longer have a zero in front of a decimal point but a one. Unless something surprisingly dramatic occurs between now and the ides of March (15th of March), the US Federal Reserve is sure to announce its ...