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Showing 331 - 340 of 1006 results for "Financial System"

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. ...

Hayne stops short of dismantling vertical integration

HARRISON WORLEY  |  TUESDAY, 5 FEB 2019
... structural separation is not likely to prove an effective regulatory response to competition concerns in the financial system.'" However, Hayne agreed with the Productivity Commission's recommendation that the ACCC study the effect of vertical ...

Life risk commissions must also go: Hayne

KANIKA SOOD  |  MONDAY, 4 FEB 2019
... quality of advice, the Government stated it would move to mandate level commissions, as was recommended by the Financial System Inquiry." Also read: Hayne's final verdict on grandfathered commissions.

Misconduct must end: Frydenberg

DARREN SNYDER  |  MONDAY, 4 FEB 2019
... is owed it will be paid." Frydenberg added the Government's principal focus is on "restoring trust in our financial system and delivering better consumer outcomes, while maintaining the flow of credit and continuing to promote competition." He said ...

Hayne recommends new regulatory overseer

HARRISON WORLEY  |  MONDAY, 4 FEB 2019
... ensure financial promises made by superannuation entities APRA supervises are met within a stable and efficient financial system. In calling for an adjusted role for ASIC within superannuation, Hayne said the corporate regulator's responsibility is the ...

Australia Day honours recognise industry stalwarts

JAMIE WILLIAMSON  |  TUESDAY, 29 JAN 2019
... Public Service Medal for his work in improving the stability, efficiency and competitiveness of Australia's financial system. In 2010 Lonsdale led the development of the Competitive and Sustainable Banking System reform package, improving outcomes ...

Chief economist update: Bring on Aussie dollar depreciation

BENJAMIN ONG  |  THURSDAY, 24 JAN 2019
... during the GFC when it dropped from US$0.9786 on 15 July 2008 to US$0.6036 on 27 October 2008 when the global financial system was in chaos. The A$/US$ exchange rate has now depreciated by 11.9% versus the greenback from 2018's peak of US$0.8098 ...

First neobank granted full banking licence

OSKAH DUNNIN  |  WEDNESDAY, 23 JAN 2019
... to balance the competing objectives of encouraging competition while maintaining safety and stability in the financial system," Byres said. Neobank Xinja hopes to join Volt Bank as the second fully APRA licenced digital banking service in 2019. Xinja ...

Chief economist update: Safe as burning houses

BENJAMIN ONG  |  MONDAY, 14 JAN 2019
... hit: "...we do not expect significant spillovers from the subprime market to the rest of the economy or to the financial system" because "past gains in house prices have left most homeowners with significant amounts of home equity, and growth in jobs ...

The problem the Productivity Commission is trying to fix

ALEX DUNNIN  |  THURSDAY, 10 JAN 2019
... fundamental problem that has perplexed the Commission is how could Australia's superannuation marketplace and financial system regulators APRA and ASIC have allowed a situation to develop where chronically underperforming super funds are able to ...