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Showing 11 - 20 of 66 results for "Treasurer Chris Bowen"

Shuttering dividend cash loophole to hit SMSFs

KARREN VERGARA  |  TUESDAY, 13 MAR 2018
... imputation credits - a "generous" tax loophole that's mostly benefiting self-managed super funds. Shadow treasurer Chris Bowen said this "unfair revenue leakage" puts a greater tax burden on low and middle income earners, but enables SMSFs to significantly ...

Government caves to banking Royal Commission

KARREN VERGARA  |  THURSDAY, 30 NOV 2017
... Inquiry in 2014. The Labor Party has been a strong supporter for a banking Royal Commission, with Shadow Treasurer Chris Bowen making it clear it should extend to all elements of financial services. Opposition Leader Bill Shorten took to Twitter saying ...

Government names new ASIC chair

ALEX BURKE  |  TUESDAY, 17 OCT 2017
... financial advice and financial literacy, and the establishment of a national business names register." Shadow Treasurer Chris Bowen welcomed the news of Shipton's appointment, saying the incoming chair "possesses a good mix of corporate experience and ...

ASIC chair nominee withdraws candidacy

ALEX BURKE  |  FRIDAY, 13 OCT 2017
... based selection process for the new chair of ASIC." O'Sullivan's nomination was roundly criticised by Shadow Treasurer Chris Bowen, who said Labor would not support it on the grounds that O'Sullivan "threatens the independence of, and bipartisan support ...

Labor rejects ASIC chair nominee

ALEX BURKE  |  WEDNESDAY, 20 SEP 2017
Shadow Treasurer Chris Bowen slammed the Turnbull Government's decision to proceed with its nomination for ASIC's next chair. Bowen said Labor "makes it very clear" it will not support the appointment of Credit Suisse chair and former CBA general counsel ...

Royal Commission unnecessary: FSC

KARREN VERGARA  |  WEDNESDAY, 26 JUL 2017
... remediation the industry has already undertaken, the Financial Services Council said. In responding to Shadow Treasurer Chris Bowen's push for a Royal Commission scrutinising all elements of the financial services industry, FSC chief executive Sally ...

Labor unyielding on banking Royal Commission

KARREN VERGARA  |  WEDNESDAY, 26 JUL 2017
... Royal Commission will extend to all elements of financial services should it be elected to office, Shadow Treasurer Chris Bowen told the FSC Leaders Summit. Bowen made it clear the proposed banking Royal Commission - also known as the financial services ...

LRBA loophole for SMSFs removed

EMMA RAPAPORT  |  THURSDAY, 11 MAY 2017
... measure will ensure that the 2016-17 Superannuation Reform Package "operates as intended." Last month, Shadow Treasurer Chris Bowen called for banning of all direct borrowing by SMSFs to "cool an overheated housing market." The LRBA measure is estimated ...

Budget undermining super: Labor

KARREN VERGARA  |  WEDNESDAY, 10 MAY 2017
... they cannot be trusted with more than $2.1 trillion in assets, according to the Federal Opposition. Shadow Treasurer Chris Bowen and Shadow Revenue and Financial Services Minister Katy Gallagher said in a joint statement the Turnbull government is "encouraging ...

Opposition floats SMSF borrowing ban

EMMA RAPAPORT  |  FRIDAY, 21 APR 2017
... housing affordability policy unveiled by the Federal Opposition today. Speaking to media this morning, Shadow Treasurer Chris Bowen said the policy will target a $24 billion borrowing "explosion" by SMSFs which has contributed to an overheated property ...