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Showing 11 - 20 of 31 results for "Senate Estimates"

Daniel Crennan resigns

ELIZABETH MCARTHUR  |  MONDAY, 26 OCT 2020
... remuneration exceeded the regulator's salary cap. Senator Mathias Cormann tabled a statement from Crennan during Senate Estimates this morning at the request of Treasury. "In October 2018, I agreed to a request from the ASIC chair that I move to ...

ASIC chair steps aside pending pay review

JAMIE WILLIAMSON, KANIKA SOOD, ELIZABETH MCARTHUR  |  FRIDAY, 23 OCT 2020
... a review into his remuneration arrangements. Tabling the 2019/20 ASIC annual report today and addressing the Senate Estimates committee, Shipton flagged certain relocation expenses incurred by both him and deputy chair Daniel Crennan. Shipton said the ...

ANU to help determine fate of SG increase

ELIZA BAVIN  |  FRIDAY, 6 MAR 2020
... guarantee is increased to 12%. Robb Preston, manager of Treasury's retirement income policy division, told the Senate Estimates committee that Treasury selected ANU's tax and transfer policy institute because it is a well-respected policy research unit. ...

AFA calls out FASEA chief inconsistency

ELIZABETH MCARTHUR  |  THURSDAY, 21 NOV 2019
... Ethics Authority chief executive Stephen Glenfield, over recognition of CPD. Glenfield made comments at a recent Senate Estimates hearing, including: "We've recognised [financial advisers'] continuing professional development where you can benchmark ...

FASEA attempting to re-write law: AFA

ELIZABETH MCARTHUR  |  WEDNESDAY, 13 NOV 2019
... unintended consequences of its desire to remove all conflicts from financial advice. The AFA pointed out that at a Senate Estimates Hearing FASEA chief executive Stephen Glenfield said: "FASEA is not banning any particular form of remuneration." However ...

FASEA chief unaware of dwindling adviser numbers

JAMIE WILLIAMSON  |  FRIDAY, 1 NOV 2019
... acknowledge the impact increased education requirements has had on financial adviser numbers during a recent Senate Estimates hearing. Appearing before the committee, Glenfield was asked by Liberal Senator Amanda Stoker whether the authority acknowledged ...

Assistant Treasurer refutes breach allegations

HARRISON WORLEY  |  FRIDAY, 26 OCT 2018
... questions from Financial Standard today, Robert said allegations levelled at him by Labor Senator Chris Ketter during Senate Estimates on Wednesday evening we're "patently wrong". Robert's response comes as ASIC confirmed it would investigate ...

Unpaid super penalties too light: ISA

DARREN SNYDER  |  THURSDAY, 25 OCT 2018
... superannuation is becoming a moral hazard whereby employers think they can escape penalty. Testimony from the ATO at the Senate Estimates committee for economics this week included the regulator saying it routinely waives all employer penalties for the ...

ASIC looking to introduce civil laws to punish corporates

DARREN SNYDER  |  WEDNESDAY, 3 JUN 2015
Australian Securities and Investments Commission (ASIC) chairman Greg Medcraft has told a Senate Estimates hearing that the big six banks and regional counterparts have no excuse for poor corporate culture. During today's hearing Medcraft said ASIC ...

Ross signals he will step down from Expert Panel

JAMES FERNYHOUGH  |  THURSDAY, 5 JUN 2014
... latest in a long series of back-and-forth communications, Ross wrote: "As I indicated in response to a question in Senate Estimates on 2 June 2014, it would be my intention to remove myself from the Expert Panel in the event that a new Expert Panel Member ...