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

Search Results

Showing 11 - 20 of 127 results for "Cormann 15"

Future Fund to manage new drought fund

KANIKA SOOD  |  TUESDAY, 4 DEC 2018
The Federal Government has introduced a bill to set up a $5 billion fund for drought-related spending that will be managed by the Future Fund Board of Guardians. Minister for Finance and the Public Service Mathias Cormann said the fund will kick off ...

Chief economist update: Surplus here we come

BENJAMIN ONG  |  WEDNESDAY, 26 SEP 2018
The US Federal Reserve is poised to announce another 25 basis point taking the fed funds rate to 2%-2.25% when it concludes its September FOMC meeting later today. That wouldn't be a surprise. Another 25 basis point hike in December also wouldn't ...

Opposition floats SMSF borrowing ban

EMMA RAPAPORT  |  FRIDAY, 21 APR 2017
Self-managed superannuation funds will be banned from direct borrowing under an expanded housing affordability policy unveiled by the Federal Opposition today. Speaking to media this morning, Shadow Treasurer Chris Bowen said the policy will target ...

Government shelves ASIC register sale

ALEX BURKE  |  WEDNESDAY, 21 DEC 2016
The Federal Government has unexpectedly terminated its sale of ASIC's registry. In a statement, Minister for Finance Mathias Cormann said that following a thorough evaluation of various private sector bids for the register, the process was cancelled. ...

Future Fund gains two board members

DARREN SNYDER  |  MONDAY, 6 JUN 2016
Federal Finance Minister Mathias Cormann recently announced two appointments to the Future Fund Board of Guardians. Joining the Future Fund Board of Guardians for a five-year term are Erin Flaherty and Michael Wachtel. Their term began on 3 April 2016 ...

MYEFO writes down billions in super fund taxes

DARREN SNYDER  |  WEDNESDAY, 16 DEC 2015
The federal government has all but conceded superannuation funds will not have the greatest 2016 after significant tax write downs in the Mid-Year Economic and Fiscal Outlook (MYEFO) were released yesterday. Superannuation fund taxes have been written ...

FSI and tax response "close to completion": Morrison

LAURA MILLAN  |  THURSDAY, 24 SEP 2015
Treasurer Scott Morrison confirmed that the government's response to the Financial System Inquiry (FSI) is "proceeding and close to completion," despite the recent Liberal spill and cabinet reshuffle. Morrison addressed the media along with Finance ...

New faces to lead financial services policy reform

LAURA MILLAN  |  MONDAY, 21 SEP 2015
Prime Minister Malcolm Turnbull's Cabinet reshuffle brings new faces and a new structure to the government's top economy, finance and business ministries. Social Services Minister Scott Morrison was appointed Treasurer, while Finance Minister Mathias ...

Finance minister seeks interest from property investors

ALEX BURKE  |  MONDAY, 16 FEB 2015
The government is seeking interest from potential property investors in six Commonwealth properties in Canberra as part of its property divestment program, Minister for Finance Mathias Cormann and Parliamentary Secretary to the Minister for Finance ...

FEATURE: 2014 year in review

MARK SMITH, LAURA MILLAN, JAMES FERNYHOUGH  |  FRIDAY, 12 DEC 2014
This year has been another busy one for the financial servives industry. FoFA remained on the radar and the Financial System Inquiry has the potential to change things in a big way. The Financial Standard team takes a look at the issues that made waves ...