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Showing 331 - 340 of 489 results for "Assistant treasurer"

Speculation grows on super tax breaks

ALEX DUNNIN  |  FRIDAY, 20 APR 2012
... to marginal tax rates. The federal opposition appears to have been blindsided by the move as while shadow assistant treasurer Senator Mathias Cormann issued a statement this morning decrying any possible dampening of superannuation tax breaks, shadow ...

FOFA debate due after PJC report: Shorten

CLAIRE MCGREAL  |  MONDAY, 6 FEB 2012
Assistant Treasurer Bill Shorten has confirmed FOFA legislation won't be debated by MPs until after the Parliamentary Joint Committee has delivered its report and recommendations on the bill. Opposition spokesman on Financial Services Mathias Cormann ...

Default super inquiry receives positive response

CLAIRE MCGREAL  |  MONDAY, 23 JAN 2012
... "not transparent, not competitive and inappropriately favours union dominated industry super funds". Shadow Assistant Treasurer Mathias Cormann also said the process shouldn't take as long as eight months. "The government should also amend its My Super ...

Aus can deal with another GFC: Shorten

CLAIRE MCGREAL  |  THURSDAY, 19 JAN 2012
Assistant Treasurer Bill Shorten says Australia is not in the same boat as Europe and is better placed to deal with another worldwide recession. The World Bank yesterday declared the global economy had entered a "dangerous period", warning it could ...

Industry welcomes Shorten's promotion

CLAIRE MCGREAL  |  TUESDAY, 13 DEC 2011
... and superannuation. The move also sees Sports Minister Mark Arbib assume the junior minister portfolio of Assistant Treasurer. Speaking at a press conference in Canberra yesterday, Shorten spoke of an inherent link between financial services and his ...

Govt releases intra-fund advice rules

ELISE BURGESS  |  THURSDAY, 8 DEC 2011
Assistant Treasurer Bill Shorten has released details of the new superannuation trustee requirements around the delivery of intra-fund advice, today revealing certain advice areas excluded from the service. While intra-fund advice will cover any general ...

Insto tax phase down deferred one year

ELISE BURGESS  |  WEDNESDAY, 23 NOV 2011
Assistant Treasurer Bill Shorten has announced a one year deferral of its phase down of interest withholding tax, paid primarily by financial institutions as announced in the 2010-11 Budget, thanks to the MRRT. As promised in last year's Budget, the ...

Shorten rallies the troop to vote in favour of SG hike

CLAIRE MCGREAL  |  FRIDAY, 11 NOV 2011
... compromise" on reform, despite their traditional differences. In an impassioned speech to ASFA delegates, the assistant treasurer said Australians had much to be optimistic about, not least the country's comparatively low national debt at 7%. However ...

APRA accepts EU from former Trio director

CLAIRE MCGREAL  |  FRIDAY, 4 NOV 2011
... and the responsible entity for 25 managed investment schemes, including the Astarra Strategic Fund In April Assistant Treasurer Bill Shorten announced he would grant around $55 million in financial assistance to over 5,000 members of the Trio superannuation ...

MySuper legislation introduced

ELISE BURGESS  |  FRIDAY, 4 NOV 2011
... charges and super fund comparative features. Part of the Government's broader Stronger Super reform package, Assistant Treasurer and Minister for Superannuation, Bill Shorten, introduced the legislation yesterday as the next step to greater retirement ...