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Showing 11 - 20 of 1201 results for "Parliament"

Mayfair 101 regains control of assets, liquidators abandon claims

JAMIE WILLIAMSON  |  MONDAY, 18 MAR 2024
The terms of a $44 million legal settlement reached between Mayfair 101, James Mawhinney and the liquidators of IPO Wealth Holdings have been released to the public. In July 2022, Mayfair 101, its managing director James Mawhinney, and the liquidators ...

ASIC, APRA issues more FAR guidance

KARREN VERGARA  |  MONDAY, 11 MAR 2024
... insurance and superannuation entities. The Financial Accountability Regime Bill 2023 passed the upper and lower houses of parliament on 5 September 2023. The FAR aims to strengthen the responsibility and accountability framework for APRA-regulated entities ...

Coalition appoints shadow assistant treasurer, financial services minister

KARREN VERGARA  |  WEDNESDAY, 6 MAR 2024
... that small business is the backbone of the Australian economy. He has previously run a family business before entering Parliament and has a strong understanding of the financial pressures many Australians are currently experiencing under the government's ...

Teals will push for super tax indexation: Burgess

CHLOE WALKER  |  THURSDAY, 22 FEB 2024
... Treasury Laws Amendment (Better Targeted Superannuation Concessions and Other Measures) Bill. The Bill, introduced into parliament last year, imposes a tax rate of 15% for superannuation earnings corresponding to the percentage of an individual's ...

ANZ gets green light for Suncorp merger

CHLOE WALKER  |  TUESDAY, 20 FEB 2024
... from greater efficiencies." Completion of the acquisition remains subject to legislative amendments by the Queensland Parliament and approval by treasurer Jim Chalmers. At the time of writing, Suncorp's shares have risen as much as 7.8% to $15.56. ...

Bragg outraged over super fund payments to unions

ANDREW MCKEAN  |  WEDNESDAY, 31 JAN 2024
Senator Andrew Bragg has slammed industry super funds, accusing them of channelling $40 million to unions and Industry Super Australia (ISA). Scrutinising mandatory disclosures, Bragg pointed out that AustralianSuper, Cbus, HESTA, Hostplus, TWUSUPER ...

Albanese set to overhaul Stage 3 tax cuts

KARREN VERGARA  |  WEDNESDAY, 24 JAN 2024
... looking at other ways as well. Are there other ways that we can provide support for people?" Independent member of parliament for Kooyong Monique Ryan said she welcomes Labor considering modifying the Stage 3 tax cuts and that whatever happens "the government ...

CSLR estimates $241m to fund backlog of complaints

JAMIE WILLIAMSON  |  TUESDAY, 9 JAN 2024
... complaints sitting at 284 and amounting to a claim cost of $27 million. The CSLR has lodged the relevant legislation with parliament, which can object to the amount through a disallowance process, but after 15 sitting days ASIC will determine the levy ...

SMSF Association, CA ANZ rally against super tax changes

ANDREW MCKEAN  |  FRIDAY, 1 DEC 2023
... rejection of a newly proposed bill that would double tax on many Australians superannuation earnings. Yesterday in Parliament, assistant treasurer Stephen Jones introduced the government's controversial Better Targeted Superannuation Concessions Bill ...

New bill to strip treasurer of RBA monetary policy veto powers

ANDREW MCKEAN  |  MONDAY, 27 NOV 2023
The government will introduce a bill to parliament this week that proposes abolishing the treasurer's power to override the Reserve Bank of Australia's (RBA's) monetary policy decisions. Treasurer Jim Chalmers today announced the government's plans ...