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Showing 11 - 20 of 257 results for %22Labor Party%22

Industry groups welcome Labor government

ANDREW MCKEAN  |  MONDAY, 23 MAY 2022
... Council of Australia also came out and embraced the leadership change. The Insurance Council is enthusiastic about the Labor Party commitment to increase investment to better improve the resilience of communities through a $200 million a year disaster ...

Reserve Bank lifts cash rate target

JAMIE WILLIAMSON  |  TUESDAY, 3 MAY 2022
... interest rates have been raised during a federal election campaign since 2007. Responding to the RBA's decision, the Labor Party said "it's harder than ever to make ends meet - and today, it just got even harder".

Labor MP savages government's superannuation record

ANDREW MCKEAN  |  THURSDAY, 28 APR 2022
At the ASFA Conference this morning, shadow minister for financial services and superannuation Stephen Jones outlined his party's policy and attacked the government's "crackpot ideas". Jones said he recognised the enormous opportunity of working ...

APRA 'digging into' super fund contributions to unions

ANDREW MCKEAN  |  WEDNESDAY, 13 APR 2022
... workers." In this same release Bragg cited AEC data he manually compiled that asserted super funds had paid $40 million to Labor Party affiliated unions in the past four years. Bragg then went on to say: "Super funds are becoming the biggest political ...

Labor promises cheap childcare, climate action

ELIZABETH MCARTHUR  |  FRIDAY, 1 APR 2022
... more than three or four days a week. It will boost productivity and workforce participation across the economy." The Labor party plans to reduce the cost of child care by lifting the maximum subsidy rate to 90%, and increasing and smoothing the taper ...

Advisers cautious of election promises

KARREN VERGARA  |  THURSDAY, 3 MAR 2022
... it is incumbent upon the industry to keep the government and opposition accountable for the promises they are making. If Labor comes into power, MP Stephen Jones said that as his priority for the first 100 days, he will ensure that the advice business ...

Hume pledges less red tape for advisers

KARREN VERGARA  |  WEDNESDAY, 2 MAR 2022
... Code of Ethics, that's something [that I and] treasury can actually take on board," she said. Jones added the Labor Party acknowledges that the advice business model - including risk advice - is broken. If Labor comes into power, he flagged that ...

CSLR will not fully protect investors

KARREN VERGARA  |  WEDNESDAY, 16 FEB 2022
... until the passage of the CSLR bill. The federal government owes it to these victims to pass this bill," he said. The Labor party said it supports the bill but is concerned by the narrow focus of excluding managed investment schemes. Conversely, the Stockbrokers ...

Government backflips on adviser education

ELIZABETH MCARTHUR  |  FRIDAY, 17 DEC 2021
Not long after Labor suggested it would not require older financial advisers to get degrees, the Liberal party has now backflipped on education standards to match Labor's policy. Minister for superannuation, financial services and the digital economy ...

Industry slams Future Fund disclosure exemption

JAMIE WILLIAMSON  |  FRIDAY, 15 OCT 2021
... aligned to the current treatment of other entities like NBN Co and Export Finance Australia. Within the report, the Labor Party raised several issues, namely that it logically follows that super funds could also see negative investment outcomes if they ...