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Showing 331 - 340 of 703 results for "Senator"

CBA boss to be grilled on Senate report

AAP  |  THURSDAY, 3 JUL 2014
... forging of client signatures to facilitate profit-producing product switches. The committee's chairman, retiring Labor senator Mark Bishop, said CBA failed to open its books and fully identify the number of clients affected and those entitled to compensation. ...

FoFA future uncertain as Palmer threatens to join opposition

LAURA MILLAN  |  MONDAY, 30 JUN 2014
... which means that the Coalition has to convince six out of the eight fringe party senators to vote in favour. Independent Senator Nick Xenophon has already declared that he does not agree with the proposed changes and that he will not back the Coalition. ...

CBA needs to"lift its game": Treasurer

LAURA MILLAN  |  MONDAY, 30 JUN 2014
... or a Royal Commission and referred to the dissenting report tabled by the Senate Economics Committee chair and Liberal Senator David Bushby. "He did make a very persuasive argument that yet another inquiry might not be the best way forward," Cormann ...

Government plays down support for royal commission

JAMES FERNYHOUGH  |  FRIDAY, 27 JUN 2014
... deeper investigation and made comments aftre reading a 'dissenting report' by the deputy chair of the committee, Liberal Senator David Bushby. "'He did make a very persuasive argument that yet another inquiry might not be the best way forward," Cormann ...

CBA apologies again, refutes reckless culture accusations

LAURA MILLAN  |  FRIDAY, 27 JUN 2014
... disregarded non-compliance and unlawful activity as long as profits were being made," the Economics Committee chairman Senator Mark Bishop said as the report was tabled in the Senate. "The CBA's compliance regime failed, which not only allowed unscrupulous ...

Investors should take responsibility for themselves: Medcraft

LAURA MILLAN  |  WEDNESDAY, 25 JUN 2014
... and a register for advisers. We see it as constructive. We'll see what happens." The Senate Economics Committee chair, Senator Mark Bishop confirmed on his Twitter account that the report into ASIC will be tabled today. "Timing uncertain. Most likely ...

Xenophon rejects Senate FoFA report

LAURA MILLAN  |  WEDNESDAY, 18 JUN 2014
Independent Senator Nick Xenophon has confirmed that does not support the Senate Economics Committee report on the Future of Financial Advice (FoFA) reform. Xenophon said via his Twitter account that he does not support "the government's FoFA repeal ...

Parliament passes temporary tax levy

AAP  |  TUESDAY, 17 JUN 2014
High-income earners will pay more tax after parliament approved the coalition government's first budget measure. The temporary budget repair levy increases the top income tax rate, which applies to any income earned over $180,000, from 45 per cent to ...

FoFA changes designed to protect big players: opposition

LAURA MILLAN  |  TUESDAY, 17 JUN 2014
Labor, the Greens and Industry Super Australia (ISA) strongly opposed amendments to the Future of Financial Advice (FoFA) legislation on the grounds that changes "seem designed to protect the profits of larger financial services companies." Both Labor ...

Senate report supportive of government FoFA reforms

LAURA MILLAN  |  TUESDAY, 17 JUN 2014
... the Senate, despite the fact that Labor and the Greens will be opposing it. "It is interesting to know that [independent Senator] Nick Xenophon, who is in the Senate Committee, is not opposing the report; or at least, there's nothing in the report that ...