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Showing 331 - 340 of 1325 results for "Parliament"

APRA releases latest ERS data

ELIZA BAVIN  |  MONDAY, 18 MAY 2020
... been made from not-for-profit funds, while the remaining 28% from retail funds. Prime Minister Scott Morrison told parliament on Friday last week the most recent ERS figures were significantly higher than APRA's data, which is a week behind. "The ...

FASEA blame game on in earnest

HARRISON WORLEY  |  FRIDAY, 15 MAY 2020
... vote is inexplicable," Jones said. "As Australia returns to work, so should the Senate. Labor welcome the news that Parliament will return for two weeks in June. "Labor implore the government to prioritise this legislation at its next sitting. The financial ...

Merging super funds guaranteed tax relief

HARRISON WORLEY  |  FRIDAY, 15 MAY 2020
... Superannuation funds are set to permanently avoid negative tax outcomes upon merging, after an amendment bill sailed through parliament yesterday. While the FASEA extension stalled yesterday, the parliament successfully shepherded the government's Treasury ...

Industry funds revise ERS modelling

HARRISON WORLEY  |  WEDNESDAY, 13 MAY 2020
Industry Super Australia has been forced to revise the modelling underpinning their calculations of the impact of the government's Early Release Scheme on retirement balances. An ASIC missive caused the peak body for industry superannuation to reconsider ...

Australia facing largest ever GDP fall

ELIZA BAVIN  |  WEDNESDAY, 13 MAY 2020
Treasurer Josh Frydenberg outlined a bleak future for the Australian economy in a speech to parliament, forecasting GDP to fall over 10% in the June quarter. The figure would be the largest contraction in GDP in Australia's history. "At $50 billion ...

Life insurers prepare for grilling

HARRISON WORLEY  |  FRIDAY, 24 APR 2020
... the four major banks and other financial institutions. Wilson said the hearings are "an important mechanism for the Parliament to publicly scrutinise and hold Australia's insurance sector to account". "Insurance is an essential way that Australians and ...

Calls for super funds, government to collaborate on energy security

KANIKA SOOD  |  THURSDAY, 23 APR 2020
The federal government on Wednesday took advantage of the low oil prices to establish Australia's first sovereign energy reserve, and superannuation funds can help, according to an expert. Energy minister Angus Taylor said the government will buy ...

Financial services exec embroiled in bribery scheme

ALLY SELBY  |  THURSDAY, 16 APR 2020
... US$200,000 to various government officials, with Berko personally paying more than US$60,000 to members of the Ghanaian parliament. The SEC alleges that Berko took deliberate measures so his employee would not detect the bribery scheme, and even misled ...

Economic impact worst since WWII: Research

HARRISON WORLEY  |  THURSDAY, 9 APR 2020
... March compared to the first." Levine said the government's JobKeeper wage subsidy scheme - which made its way through parliament this week - has provided certainty to many Australians, with the firm's first ANZ-Roy Morgan Consumer Confidence Rating taken ...

Trillion dollar stimulus debt debated

ELIZABETH MCARTHUR  |  WEDNESDAY, 8 APR 2020
The extraordinary COVID-19 stimulus package is in front of Parliament today, with what is expected to be a trillion dollar debt being scrutinised by politicians. Parliament met today to discuss the government's $130 billion JobKeeper payment, which ...

Editor's Choice

Global X awards mandate for ETF business

ELIZA BAVIN
Global X has awarded a new custody and administration mandate for its Australian ETF business.

Bell Asset Management launches small-caps fund

KARREN VERGARA
Bell Asset Management has formally launched its Australian Small Companies Fund, which is run by former Tyndall Asset Management portfolio managers.

Former Australian Ethical finance chief lands new gig

MATTHEW WAI
The former chief financial officer of the ethical investment manager has joined a local finance company after wrapping up his tenure at AUB Group.

MySuper assets pursue $1.5tn Choice sector

KARREN VERGARA
MySuper assets are fast catching up to the $1.5 trillion Choice sector, hitting nearly $1.2 trillion in the March quarter.

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