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Showing 341 - 350 of 748 results for "Senate 67"

Digital currency continues to be monitored: RBA

DARREN SNYDER  |  WEDNESDAY, 8 APR 2015
The Reserve Bank of Australia believes digital currencies do not currently raise issues for them in terms of monetary policy and financial stability mandates. The RBA recently addressed a Senate Economics References Committee inquiry about digital currency ...

Abuse of reporting rules widespread: Medcraft

MARK SMITH  |  MONDAY, 23 MAR 2015
Australian Securities and Investments Commission (ASIC) chairman Greg Medcraft has highlighted companies "abuse" of breach reporting rules. The head of the industry watchdog made the comments in front of a Senate public hearing in Sydney on Friday following ...

Punitive excess contributions tax removed

MARK SMITH  |  MONDAY, 9 MAR 2015
The bill to remove the punitive tax rates on excess non-concessional contributions made to superannuation funds has passed through the Senate. Assistant Treasurer Josh Frydenberg has said the Tax and Superannuation Laws Amendment (2014 Measures No.7) ...

Hagger defends NAB advice, brushes off independent review

ALEX BURKE  |  MONDAY, 9 MAR 2015
NAB Wealth chief executive Andrew Hagger has defended the bank's internal advice review processes to the Senate economics references committee. When asked by the committee why only eight serious process breaches were reported to ASIC - despite recent ...

NAB to face Senate grilling over advice scandal

LAURA MILLAN  |  FRIDAY, 6 MAR 2015
National Australia Bank (NAB) head of wealth Andrew Hagger will face tough questioning from the Senate Economics Committee at a hearing in Melbourne this afternoon. "The reason why we called this hearing is because we want to get to the bottom of this ...

Fight or be beggared by the neighbours

BENJAMIN ONG  |  MONDAY, 2 MAR 2015
Another rate cut is coming, another rate cut is coming. Bloomberg's survey shows (tada!) 18 out of 29 economists expect the Reserve Bank of Australia (RBA) to follow-up February's 25 bps reduction in the official cash rate to 2.25% with another 25 bps ...

Medcraft addresses ASIC's NAB response

ALEX BURKE  |  THURSDAY, 26 FEB 2015
In his opening statement to the Senate Economics Legislation Committee, ASIC chair Greg Medcraft addressed the recent media coverage of NAB Wealth's compensation to its advice clients. "We have started our information gathering from NAB Wealth using ...

Say when

BENJAMIN ONG  |  WEDNESDAY, 25 FEB 2015
Yes. No. Maybe. I don't know. This is dear Aunt Janet's answer to the "lift-off" question that everyone has been waiting for - and speculating on -- since the Fed completed its QE taper back in October last year. There was plenty of information in the ...

Mind over matter

BENJAMIN ONG  |  TUESDAY, 24 FEB 2015
Unlike the Greek tragedies of bailout past, investors appear to be taking a mind over matter attitude towards Grexit these days - that is, if you don't mind, it doesn't matter. The performance of the markets' fear gauge - the VIX index - tells us so. ...

Nationals pressure Treasury for RC into white collar crime

LAURA MILLAN  |  MONDAY, 23 FEB 2015
Nationals' Senator John Williams has given Treasury the suggested terms of reference for a Royal Commission into white collar crime. Williams confirmed to Financial Standard that he gave the documents to Treasurer Joe Hockey's chief of staff two weeks ...