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

Search Results

Showing 11 - 20 of 27 results for "Senate Economics Committee inquiry"

Opposition wants to postpone vote on FoFA bill

LAURA MILLAN  |  TUESDAY, 23 SEP 2014
... chasm between the two sides," Labor Senator Sam Dastyari said in a dissenting report of the Senate Economics Committee inquiry into the latest FoFA changes. Dastyari, who is also the Committee's deputy chair, argued that the FSI is expected to report ...

Bipartisan Senate inquiry to grill financial services again

LAURA MILLAN  |  FRIDAY, 5 SEP 2014
Labor Senator Sam Dastyari has obtained the support from the Coalition to conduct a new Senate Economics Committee inquiry to scrutinise the financial services industry. The inquiry will continue the task of last year's Senate Economics Committee inquiry ...

Senate bill challenges general advice definition

LAURA MILLAN  |  TUESDAY, 2 SEP 2014
... therefore the bill's purpose is to clear up the misconception." Whish-Wilson was a member of the Senate Economics Committee inquiry into the Australian Securities and Investments Commission (ASIC) that unveiled cases of poor advice and alleged fraudulent ...

CBA looks for plaintiffs to assist in remediation process

LAURA MILLAN  |  MONDAY, 25 AUG 2014
... received," the bank said. The Open Advice Review program was set up after media reports and a Senate Economics Committee inquiry unveiled systemic problems within CBA's financial advice businesses Commonwealth Financial Planning and Financial Wisdom. ...

CBA posts record profit, strong wealth management growth

LAURA MILLAN  |  WEDNESDAY, 13 AUG 2014
... within CBA's financial planning units, which were unveiled by media reports and a sweeping Senate Economics Committee inquiry. Since then, CBA has put in place an Open Advice Review program to review compensation to victims of poor advice, but the group ...

CBA appoints international experts to oversee advice program

LAURA MILLAN  |  MONDAY, 11 AUG 2014
... Commission from 2009 - 2012. The Open Advice Review program was set up after media reports and a Senate Economics Committee inquiry unveiled systemic problems within CBA's financial advice businesses Commonwealth Financial Planning and Financial Wisdom. ...

ASIC lowers wholesale investor threshold to $2.5 million

LAURA MILLAN  |  MONDAY, 11 AUG 2014
... raising the issue as early as 2011. However, the regulator only clarified the definition after a Senate Economics Committee inquiry into ASIC's performance recommended it. During the Senate inquiry, University of New South Wales law professor Dimity ...

CBA, ASIC unveil details of new compensation scheme

LAURA MILLAN  |  FRIDAY, 8 AUG 2014
... and any compensation offer was adequate. This information was made public in the wake of a Senate Economics Committee inquiry into the performance of ASIC, which was prompted by cases of poor advice, alleged fraud and document forgery within CBA's financial ...

CBA to fund adviser education and association membership

LAURA MILLAN  |  FRIDAY, 18 JUL 2014
... Financial Standard, CBA decided to raise adviser standards in the wake of the final report of the Senate Economics Committee inquiry looking into the performance of the Australian Securities and Investments Commission's (ASIC). A CBA spokesperson told ...

Cormann tables adviser register to "weed out bad apples"

LAURA MILLAN  |  THURSDAY, 17 JUL 2014
... (FoFA) legislation. Cormann also noted that the initiative follows recommendation 44 of the Senate Economics Committee inquiry into the performance of the Australian Securities and Investment Commission (ASIC). "Our goal remains to ensure that we have ...