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

Search Results

Showing 11 - 20 of 30 results for "Senate Economics References Committee"

Industry funds blame ATO for super underpayment

EMMA RAPAPORT  |  WEDNESDAY, 25 JAN 2017
... and pointed out that the ATO had not offered an alternative estimate. The inquiry by the Senate Economics References Committee follows revelations late last year that 2.4 million Australians were being shortchanged by rogue employers who were holding ...

Nationals senator not giving up on life insurance investigation

ALEX BURKE  |  TUESDAY, 12 JUL 2016
... ultimately looks like after a hotly-contested election, he will prioritise continuing the Senate Economics References Committee's life insurance industry investigation. Speaking to Financial Standard, Williams said: "I'm very concerned about life insurance. ...

Narev defends CommInsure record, wrote to five customers

ALEX BURKE  |  THURSDAY, 28 APR 2016
... noting he wrote to five affected customers recently. Referencing CBA's submission to the Senate Economics References Committee's Scrutiny of Financial Advice inquiry, Narev said in the letter that "some of the criticism of the industry, and our life ...

FPA supports "bitter harvest" recommendations

ALEX BURKE  |  FRIDAY, 18 MAR 2016
The Financial Planning Association has come out in support of the Senate Economics References Committee's recommendations for stronger ASIC penalties and redefining the term "general advice". FPA chief executive Dante De Gori said that the FPA "recognises ...

Senate recommends immediate adviser bans following "bitter harvest"

ALEX BURKE  |  TUESDAY, 15 MAR 2016
The Senate Economics References Committee has recommended legislative amendments which would allow ASIC to immediately suspend a financial adviser if "egregious misconduct" is suspected. Released today, the committee's report on the agribusiness managed ...

ACSI calls for better company disclosure

DARREN SNYDER  |  TUESDAY, 25 AUG 2015
... "an unacceptably low base". The comments formed part of ACSI's recent submission to the Senate Economics References Committee inquiry in to foreign bribery. ACSI recommends the government harmonises Australia's legal and enforcement framework for foreign ...

Senate inquiry into gender retirement income gap launched

DARREN SNYDER  |  TUESDAY, 18 AUG 2015
... (Labor), Sean Edwards (Liberal) and Larissa Waters (Greens) was supported by the Senate. The Senate Economics References Committee will investigate, among other issues, a 46.6% gap in superannuation at retirement between men and women. Deputy chief executive ...

IOOF chair calls for ASIC funding

ALEX BURKE  |  MONDAY, 3 AUG 2015
... funding to ASIC so the regulator can handle whistleblowers more efficiently. Speaking at the Senate Economics References Committee's Scrutiny of financial advice hearing in Sydney, Sexton defended his delayed response to whistleblower reports about IOOF ...

Labor now opposes advice Royal Commission

LAURA MILLAN  |  WEDNESDAY, 24 JUN 2015
... victims, some of whom have lost their life's savings," Bowen said. "Labor is considering the Senate Economics References Committee inquiry into the Performance of ASIC and notes the ongoing work of it successor, the inquiry into Scrutiny of Financial ...

Advice industry faces insurance quandary

ALEX BURKE  |  MONDAY, 4 MAY 2015
... Xenophon and Sam Dastyari proposed a statutory financial advice victim insurance scheme at the Senate Economics References Committee's Scrutiny of Financial Advice inquiry on April 21. The potentially $50 million scheme would be self-funded by the industry ...