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Showing 291 - 300 of 2632 results for "Treasury"

Jones instigates CSLR review, levy hits $70m

KARREN VERGARA  |  FRIDAY, 31 JAN 2025
... million to fund the Compensation Scheme of Last Resort (CSLR) for the next financial year - breaching the $20 million cap - Treasury is now calling for a review of the controversial scheme. The CSLR today released its FY26 levy estimates and blamed the ...

The regulatory pendulum has swung too far: FSC

ANDREW MCKEAN  |  FRIDAY, 31 JAN 2025
... trust of the industry and general public," he said. Briggs said the FSC has been pressing the government to commission a treasury-led review to ensure the CSLR remains "a genuine last resort," restricting compensation to those who've suffered actual ...

Canadian pension fund names new CIO

ELIZABETH FRY  |  THURSDAY, 30 JAN 2025
... month, he will oversee the manager's C$265 billion ($380 billion) portfolio design, overall investment strategy and treasury function. Charbonneau replaces Alexandre Roy, a senior managing director of total fund management, who served as CIO on an ...

Realm House hires from Plato

ELIZABETH FRY  |  THURSDAY, 30 JAN 2025
... Investors before the firm folded into Plato as an alternative income division. He previously worked at Westpac, Axa, Treasury Corp of Victoria, and IFM Investors. Tung is active in the CFA Society as an examiner and mentor. He will report to Realm's ...

Minimum service standards for super funds welcomed

ELIZA BAVIN  |  WEDNESDAY, 29 JAN 2025
... said. "Better service is especially important during sensitive and vulnerable moments in members' lives." Chalmers said Treasury will work closely with consumer advocates, regulators and industry stakeholders to develop the standards and the draft standards ...

Government to streamline financial reporting

ELIZA BAVIN  |  FRIDAY, 24 JAN 2025
... expertise where appropriate. This differs from the current arrangements where the FRC is supported by a secretariat within Treasury, the new body will be fully resourced in-house. Chalmers said in addition to accounting and auditing standards, the new ...

Government must commit to fixing CSLR: FAAA

MATTHEW WAI  |  THURSDAY, 23 JAN 2025
... between April 4 and 30 June 2024, resulting in just $147,000 in cost. The FAAA also criticised a response compiled by Treasury officials on their "complete disregard" for the implications for the industry. Touching on how CSLR could make financial advice ...

$3m super tax will level playing field: Australia Institute

KARREN VERGARA  |  TUESDAY, 21 JAN 2025
... retirement, it means Australian taxpayers are in effect funding the retirement of the very wealthiest in the country," he said. Treasury estimates that the concessions on superannuation earnings and contributions cost the government $51.7 billion in ...

BlackRock loses senior executive touted as Fink's successor

ANDREW MCKEAN  |  WEDNESDAY, 15 JAN 2025
... financial institutions. Before BlackRock, Wiedman was a senior advisor to the under secretary for domestic finance at the US Treasury. Wiedman's departure comes following the exit of Salim Ramji - another former potential successor - who took over as ...

Bitcoin returns 147%, outshines bull market

KARREN VERGARA  |  FRIDAY, 10 JAN 2025
... certainty and innovation," bitcoin.com.au chief executive Adrian Przelozny said. "We hope this renewed interest will prompt Treasury to accelerate the drafting of crypto regulations in Australia." Investors in gold and China equities were also rewarded ...