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Showing 321 - 330 of 1005 results for "Financial System"

Super leaves retirees vulnerable: Research

HARRISON WORLEY  |  WEDNESDAY, 17 APR 2019
... options, noting policymakers have been grappling with the issue of financial products for retirement since the 2014 Financial System Inquiry. National Seniors' chief executive John McCallum noted after having their retirement savings managed for them ...

Banks push to leave vertical integration on the table

HARRISON WORLEY  |  WEDNESDAY, 10 APR 2019
... structural separation is not likely to prove an effective regulatory response to competition concerns in the financial system,'" Hayne said. The association noted vertical integration could provide customers with benefits in its own right, such as ...

Financial product design and distribution law passes

KARREN VERGARA  |  THURSDAY, 4 APR 2019
... securities issued under an employee share scheme and fully-paid ordinary shares are exempt from the new regime. The Financial System Inquiry first recognised shortcomings of financial product disclosures in 2013, recommending the introduction of a targeted ...

Coalition to boost retail access to corporate bonds

ELIZABETH MCARTHUR  |  WEDNESDAY, 3 APR 2019
... Retail investors are currently able to invest in Commonwealth Government Securities via depository interests." The Financial System Inquiry recommended further simplifying disclosure requirements and the Government agreed to this recommendation, noting ...

Big banks, super funds join forces for sustainability

ELIZABETH MCARTHUR  |  WEDNESDAY, 27 MAR 2019
... Australian economy that prioritises environmental issues, human wellbeing and social equity while maintaining financial system stability. This new group is modelled after the European Union's High Level Expert Group on Sustainable Finance and the UK's ...

CFR, ATO report on SMSF borrowing arrangements

ELIZABETH MCARTHUR  |  MONDAY, 25 MAR 2019
... Australian Tax Office (ATO) has found limited recourse borrowing arrangements in SMSFs are not a risk to the financial system. The report by CFR and ATO was commissioned by the government as part of their response to the Financial System Inquiry. The ...

Benchmark APRA against global counterparts: Treasury

KANIKA SOOD  |  FRIDAY, 15 MAR 2019
... final report, the Productivity Commission's final report on superannuation and competition in the Australian financial system, IMF's Financial Stability Assessment of Australia and APRA's own internal enforcement review. "The panel should to the extent ...

Chief economist update: Wrong way, go down

BENJAMIN ONG  |  THURSDAY, 28 FEB 2019
... during the GFC when it dropped from US$0.9786 on 15 July 2008 to US$0.6036 on 27 October 2008 when the global financial system was in chaos. C'mon, Aussie, c'mon, do what you do best and help keep the love going in this lucky country.

SMSFA recognises member achievements

HARRISON WORLEY  |  MONDAY, 25 FEB 2019
... the fact the superannuation system was still lacking an overarching objective four years on from David Murray's financial system inquiry. He said however that the association would continue to advocate in the interests of the self-managed sector. He ...

Super needs a clear objective: Cooper

HARRISON WORLEY  |  THURSDAY, 21 FEB 2019
... gains tax discounts, and reforms to family trusts. SMSFA chair Deborah Ralston said it was strange that after the Financial System Inquiry in 2014 recommended a clear objective for the aim of the super system be established, it still hadn't occurred. ...