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Showing 261 - 270 of 2539 results for "Minister"

Rest names new independent chair

JAMIE WILLIAMSON  |  THURSDAY, 1 DEC 2022
Rest chair Ken Marshman will step down at the end of the year, to be replaced by a former Victorian government minister. Marshman has been on the Rest board since December 2017 when he joined as an independent director. In July 2014, he became independent ...

Religious carve outs for faith-based super funds are dead

ANDREW MCKEAN  |  WEDNESDAY, 30 NOV 2022
... savings according to the best financial interest duty. Earlier this week, a spokesperson for assistant treasurer and minister for financial services Stephen Jones told Financial Standard : "We remain committed to providing Australians of faith the opportunity ...

Code of Ethics must be fixed: Phil Anderson

CASSANDRA BALDINI  |  MONDAY, 28 NOV 2022
... would all like to see the Code of Ethics Version 2 designed and delivered in 2023." In August the assistant treasurer and minister for financial services Stephen Jones announced the government would review the Code of Ethics next year. Anderson said ...

Advisers must register for FSCP: ASIC

CASSANDRA BALDINI  |  THURSDAY, 24 NOV 2022
... administration of the exam came to ASIC, but the format of the exam and the professional standards more broadly moved to the Minister," she explained. "There is a determination that sets out what that exam format needs to be, things like what sort of ...

Super fund reporting requirements 'a dog's breakfast'

ANDREW MCKEAN  |  THURSDAY, 24 NOV 2022
Assistant treasurer and minister for financial services Stephen Jones has doubled down on overhauling transparency requirements so members can access clearer, more meaningful, and more consistent information about their fund. "Decades of scattergun ...

New rules on the way for BNPL sector

JAMIE WILLIAMSON  |  TUESDAY, 22 NOV 2022
... implement stricter regulation for the buy now, pay later industry, releasing an options paper for consultation. According to minister for financial services Stephen Jones, the number of active BNPL accounts grew from five million to seven million last ...

Forrests invest in post-war, green Ukraine

RACHEL ALEMBAKIS  |  FRIDAY, 18 NOV 2022
... The fund has been in the works since early March, and included Forrest briefing US President Joe Biden, former UK Prime Minister Boris Johnson, Australian Prime Minister Anthony Albanese, OECD Secretary-General Mathias Cormann, and the international ...

Chalmers gives Equity Trustees green light on AET

CHLOE WALKER  |  TUESDAY, 15 NOV 2022
After months of waiting, Equity Trustees has received ministerial approval to officially acquire Insignia Financial's Australian Executor Trustees (AET). Approval by treasurer Jim Chalmers was a condition precedent to completion of the $135 million ...

Government eyes crackdown on super tax concessions

CASSANDRA BALDINI  |  TUESDAY, 8 NOV 2022
... Concessional tax arrangements for high balance super funds will be reviewed by the government. Assistant treasurer and minister for financial services Stephen Jones spoke at the Australian Financial Review Super & Wealth Summit, saying the taxation of ...

Small wins for some pensioners

CASSANDRA BALDINI  |  WEDNESDAY, 26 OCT 2022
... Another adjustment would be to look at the retirement system as a whole. "[Assistant treasurer and financial services] minister Jones has said he wants to look at the objectives of superannuation, my point is that we should also look at the objectives ...