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Showing 261 - 270 of 2535 results for "Minister"

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 ...

Members stick with dud super funds

ANDREW MCKEAN  |  FRIDAY, 21 OCT 2022
... performance test so that members can only be stapled to a fund that passes." In September, Financial Standard reported that minister for financial services and assistant treasurer Stephen Jones was considering the application of the stapling process ...

Government to boost paid parental leave

JAMIE WILLIAMSON  |  MONDAY, 17 OCT 2022
... government plans to extend the Commonwealth paid parental leave scheme to six months come 2026. Over the weekend, prime minister Anthony Albanese said the government's October 25 Budget will introduce reforms to improve the systems' flexibility and extend ...

First Super: Merger pressure fizzles out

ELIZABETH FRY  |  FRIDAY, 7 OCT 2022
... Watson believes that with a change of government, there is a change in focus. Further, he notes that financial services minister Stephen Jones has publicly said there is a place for diversity within the superannuation sector. Jones does not want the ...

No surprise advice industry fears ASIC: Panel

CASSANDRA BALDINI  |  FRIDAY, 23 SEP 2022
... investments and advice acting lead ombudsman Shail Singh. Addressing the audience at AFA Thrive, Anderson said former minister for financial services and superannuation Jane Hume suggested regulatory uncertainty contributed to a problem of inefficient ...