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Showing 311 - 320 of 1326 results for "Parliament"

Maurice Blackburn slams FSC

ALLY SELBY  |  MONDAY, 10 AUG 2020
Law firm Maurice Blackburn has slammed the Financial Services Council over its renewed campaign to allow insurers to call the shots on medical claims. Maurice Blackburn principal Josh Mennen said the changes would enable insurers to only pay the medical ...

ERS scheme referred to Auditor-General

ELIZA BAVIN  |  THURSDAY, 6 AUG 2020
... people experiencing income loss and hardship caused by the economic impact of COVID-19. This was the clear intent of Parliament in legislating for increased early access," he said. "The government administration of the scheme appears to have departed ...

ASIC slammed over SMSF data

ANNABELLE DICKSON  |  WEDNESDAY, 5 AUG 2020
The House of Representatives Standing Committee on Economics scrutinised ASIC over its SMSF fact sheet in a public hearing reviewing the 2019 ASIC Annual Report. ASIC's SMSF Fact Sheet published last year outlined that the average cost of running ...

Chief economist update: It's about human life, not human rights

BENJAMIN ONG  |  MONDAY, 3 AUG 2020
... of disaster, that is. As the AFR explains: "Under a state of disaster, police have extra powers and various acts of parliament can be suspended." "There is no question about the enforceability and the way in which new rules are going to operate," Mr ...

ASIC will not appeal wagyu and shiraz decision

ANNABELLE DICKSON  |  THURSDAY, 23 JUL 2020
... Credit Act) to clarify further the enforcement of those principles is ultimately a matter for the Federal Government and Parliament. "Bearing in mind the economic circumstances, it is important to remember that under the National Credit Act, 'responsible ...

HESTA doubles down on climate action

ALLY SELBY  |  WEDNESDAY, 22 JUL 2020
... a leaf out of our Kiwi counterparts' book to encourage institutional investment in a green recovery. "New Zealand's Parliament has agreed to long-term Paris Agreement-aligned emission reduction targets and established a Climate Change Commission to deliver ...

Industry super accused of misleading consumers

ELIZABETH MCARTHUR  |  THURSDAY, 16 JUL 2020
Liberal MP Jason Falinski has accused industry super funds of using the Google AdWords term 'retail super' after BT was fined for using the term 'industry super'. The subject arose as Falinski questioned ASIC during the Senate Parliamentary ...

AMP advisers low priority for ASIC

ELIZABETH MCARTHUR  |  WEDNESDAY, 15 JUL 2020
Senator Deborah O'Neil has revealed she was told by ASIC that AMP's Buyer of Last Resort (BOLR) agreements being altered and subsequently slashing the value of advice businesses was not a priority for the regulator. In a letter to the chair of the Parliamentary ...

AustralianSuper PYS fee under scrutiny again

ELIZABETH MCARTHUR  |  WEDNESDAY, 15 JUL 2020
... legislative reform, designed to produce better outcomes for super fund members, was causing a fee increase. "The Federal Parliament had passed laws around insurance and some other matters, effectively designed to reduce fees for members and this fund ...

Litigation funding fight heats up

ELIZABETH MCARTHUR  |  MONDAY, 13 JUL 2020
The Senate Parliamentary Joint Committee, Corporations and Financial Services looking into litigation funding and the regulation of the class action industry sparked a heated debate today. Menzies Research Centre chief of staff James Mathias was questioned ...