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Showing 11 - 20 of 21 results for "Senator Cormann"

Coalition releases super manifesto

ALEX DUNNIN  |  WEDNESDAY, 20 JUN 2012
... the list looks very much like a superannuation policy manifesto for the 2013 federal election. In a statement, Senator Cormann said a future the Coalition government will introduce a national superannuation clearing house through the Australian Taxation ...

Industry funds not our focus: Cormann

ELISE BURGESS  |  WEDNESDAY, 26 OCT 2011
... Advisers (AFA) conference to reiterate his opposition against parts of the Future of Financial Advice (FOFA) reforms. Senator Cormann asked advisers to continue their efforts against the reforms as he believes there is "still work to do on public policy" ...

Future Fund not for sale: Wong

ELISE BURGESS  |  MONDAY, 12 SEP 2011
... plan" had been revealed during a Senate Estimates hearing when questioning Finance Department head, David Tune. Senator Cormann asked Tune whether there was anything unusual about the sale of non-financial assets other than the expected sale of digital ...

PC to review how defaults appointed to Awards

ALEX DUNNIN  |  FRIDAY, 10 JUN 2011
... anti-competitive, not objective, not evidence based and not transparent," he said in a statement earlier this week. Senator Cormann said the current process favours union based industry super funds, which now represent the top ten most commonly listed ...

Advisers aim for independents over FOFA

ALISON BEVEGE  |  THURSDAY, 19 MAY 2011
... target the independents. Speaking at a packed Sydney breakfast organised by the Association of Financial Advisers, Senator Cormann told the crowd that after 1 July the shift of power in the Government would change. The Senate would move from Coalition ...

Govt claims MRRT as super victory

ALISON BEVEGE  |  FRIDAY, 25 MAR 2011
... for an average worker, below the OECD average of 57.3 per cent, if it retained a 9 per cent super guarantee. But Senator Cormann said it was no surprise that the super funds industry was in favour of the rise. "It increases their funds under management... ...

Super cap breach stings 65,000

ALISON BEVEGE  |  FRIDAY, 4 MAR 2011
... instead announced plans this week to leave it unchanged for those with less than $500,000 saved for retirement. Senator Cormann today said people were accidentally being caught out by Labor's "unexpected" super change. "Australians inadvertently breaching ...

Opposition slams opt-in policy

MATT WOODINGTON  |  MONDAY, 28 FEB 2011
... does not support the idea of clients having to resign contracts every year, which simply means more 'red tape'. Senator Cormann's view was strongly backed by FPA CEO Mark Rantall and Count Financial CEO Andrew Gale, who agreed that clients should have ...

Cormann blasts ALP over default super

JOHN MCDULING  |  WEDNESDAY, 17 NOV 2010
... awards. "The current process is anti-competitive, it is not objective, not evidence based and not transparent," said Senator Cormann. "If we're serious about maximising retirement incomes for employees covered by default super funds we need to ensure ...

Coalition still unconvinced on 12 pc SG

ALEX DUNNIN  |  THURSDAY, 28 OCT 2010
... Cormann has given the strongest signal yet that the opposition is unlikely to support lifting SG to 12 per cent. Senator Cormann said Bill Shorten, the Assistant Treasurer and minister for superannuation, in recent speeches about the government's superannuation ...