Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 271 - 280 of 489 results for "Bonus"

Abbott's SG claim incorrect, survey finds

JAMES FERNYHOUGH  |  MONDAY, 8 SEP 2014
The majority of businesses would fund a rise in the superannuation guarantee (SG) out of their own - not their employees' - pockets, according to survey commissioned by industry fund Sunsuper. This contradicts Tony Abbott's claim last week that the ...

Greens slam CBA executives pay rise

LAURA MILLAN  |  TUESDAY, 19 AUG 2014
Top Commonwealth Bank (CBA) executives should have frozen their salaries or even taken a pay cut while the compensation process for thousands of victims of poor financial advice remains ongoing, Greens Senator Peter Wish-Wilson said. "It is not a good ...

Senate saves the LISC

JAMES FERNYHOUGH  |  MONDAY, 21 JUL 2014
... Minerals Resource Rent Tax, was saved after the Palmer United Party decided it would oppose its abolition. The income support bonus and the Schoolkids Bonus were also saved. The not-for-profit superannuation sector, represented by the Australian Institute ...

Government succeeds in securing final FoFA changes

LAURA MILLAN  |  WEDNESDAY, 16 JUL 2014
The government's deal with the Palmer United Party (PUP) means that the proposed changes to the Future of Financial Advice (FoFA) legislation are set to go through. The final changes include the removal of the opt-in requirement, which asked clients ...

Palmer to oppose abolition of LISC

JAMES FERNYHOUGH  |  MONDAY, 7 JUL 2014
... them removed in the Senate." Along with the LISC, Palmer also said his party would oppose the abolition of the Schoolkids Bonus or the scrapping of the reduction of asset write-offs for small business people. The announcement comes after 35 prominent ...

ISA FoFA report sparks industry outrage

LAURA MILLAN  |  MONDAY, 7 JUL 2014
Industry Super Australia (ISA) report 'Commissions by Another Name' has sparked outrage among some industry stakeholders, which have labelled it as wrong, inaccurate and misleading. "Consumers are being misled by a scare campaign on [the Future of Financial ...

MyState names new CEO

JAMES FERNYHOUGH  |  MONDAY, 30 JUN 2014
... Sulicich's four-year contract. He will be paid a fixed salary of $550,000 per annum including super, with a short-term cash bonus of up 50% of his fixed remuneration (FAR), and a long-term MyState shares bonus of up to 50% of his FAR. MyState chairman ...

Advisers applaud "historic" ban on commissions

LAURA MILLAN  |  FRIDAY, 20 JUN 2014
Financial advice associations and the Financial Services Council (FSC) have applauded the "historic" ban on commissions in general advice and welcomed the government's changes to the Future of Financial Advice (FoFA) law. "We are extraordinarily pleased ...

Government to pass most FoFA changes through regulation

LAURA MILLAN  |  FRIDAY, 20 JUN 2014
The government is intending to approve most changes to the Future of Financial Advice (FoFA) law through regulation first, despite Labor and the Greens strong opposition to the amendments. Minister for Finance Mathias Cormann issued a response to the ...

Future Fund staff bonuses stun public sector

ALEX DUNNIN  |  THURSDAY, 19 JUN 2014
... million was paid in bonuses last year to 90 employees for an average payment of $91,000. But causing the outrage is that a bonus of $633,000 was paid to one senior executive employee albeit who that was has not been disclosed due to Public Service Commission ...