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Showing 11 - 20 of 100+ results for "Senate"

Government to create ASIC, APRA regulator

ANNABELLE DICKSON  |  THURSDAY, 24 JUN 2021
... are accountable to the parliament, the Financial Services Royal Commission noted that parliamentary committees, including Senate Estimates, have some limitations in assessing the effectiveness of the regulators (for example, the fields of expertise required ...

Industry mixed on YFYS

ANNABELLE DICKSON  |  FRIDAY, 18 JUN 2021
... reforms with some saying it will lead to worse outcomes for members. The Your Future, Your Super reforms were passed in the Senate yesterday with an amendment that will delay benchmarking and stapling until November. The Australian Institute of Superannuation ...

Your Future, Your Super passes

ELIZABETH MCARTHUR  |  THURSDAY, 17 JUN 2021
The Your Future, Your Super reforms were passed in the Senate today. One Nation and Jackie Lambie voted with the government in favour of the bill, while Labor and the Greens objected to it. However, an amendment was passed which will delay benchmarking ...

More super tax concessions on table

ELIZABETH MCARTHUR  |  THURSDAY, 17 JUN 2021
The Treasury Laws Amendment (More Flexible Superannuation) Bill was debated in the Senate today, with an amendment suggested by Senator Pauline Hanson. Hanson and her One Nation colleagues circulated an amendment that would see people over the age of ...

YFYS on its way to Senate

KANIKA SOOD  |  FRIDAY, 4 JUN 2021
... start date to stapling and inclusion of choice products in the performance tests. The bill will now be considered by the Senate mid-June. In the Senate, the coalition government holds 36 of the total 76 seats, while Labor has just 26. A bill needs 30 ...

Class action consultation opens

ANNABELLE DICKSON  |  TUESDAY, 1 JUN 2021
... litigation funders and law firms from taking disproportionate fees in the process," Frydenberg said. Last year, when the Senate Parliamentary Joint Committee, Corporations and Financial Services began looking into the regulation of the industry it received ...

Future Fund to hire 70 for investment team

KANIKA SOOD  |  THURSDAY, 27 MAY 2021
... add 70 people to its investment team, with the specific skill sets of identifying good external managers. Appearing at senate hearings yesterday Future Fund chief executive Raphael Arndt and chief investment officer Sue Brake confirmed the additional ...

Budget no cure for hangover from last one

ELIZABETH MCARTHUR  |  WEDNESDAY, 19 MAY 2021
... members, along with the AMM notice, is likely to be significant... A profit-to-member fund estimated in a submission to the Senate Economics Legislation Committee that the cost of organising and hosting an electronic annual member meeting for nearly ...

Labor won't support YFYS Bill in current form

KANIKA SOOD  |  FRIDAY, 30 APR 2021
... says the opposition can't recommend the Bill passes in its current form for reasons including its rushed start date. Senate Economics Legislation released its final report on YFYS reforms yesterday, a week later than initially planned. In the meantime ...

ASIC appoints new chair, deputy chair

ELIZABETH MCARTHUR  |  THURSDAY, 29 APR 2021
... the Commonwealth upon his departure. Shipton was paid $855,364 in total remuneration, according to papers tabled in the Senate. The maximum cap on the total annual remuneration for the ASIC chair was set at $775,910, according to the Remuneration Tribunal ...