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Showing 341 - 350 of 703 results for "Senator"

Palmer United will hold the key to FoFA approval

LAURA MILLAN  |  TUESDAY, 10 JUN 2014
... the financial advice law. The Palmer United Party's three Senators have formed a bloc with Motoring Enthusiasts Party Senator Ricky Muir; and the four will be essential to approve FoFA. "If the bill is non-controversial, it will be easy to pass, but ...

ASIC budget cuts send the wrong message: Greens

LAURA MILLAN  |  MONDAY, 2 JUN 2014
... funding of the Australian Securities and Investments Commission (ASIC) send the wrong message to would-be criminals, Greens Senator Peter Whish-Wilson said. Whish-Wilson spoke after ASIC chairman Greg Medcraft said that ASIC will have to rely more on ...

CBA and ASIC "sketchy" info delays inquiry conclusion

LAURA MILLAN  |  WEDNESDAY, 28 MAY 2014
... Australian Securities and Investments Commission (ASIC). The committee has issued an interim report signed by its chair, Senator Mark Bishop, referring to ASIC and Commonwealth Bank's (CBA) efforts to clarify some inconsistencies in their submissions. ...

Treasury consults on unclaimed monies time window

ALEX DUNNIN  |  WEDNESDAY, 28 MAY 2014
... life insurance policies are transferred to the government. In releasing the discussion paper this week, Finance minister Senator Mathias Cormann said the current arrangements introduced by the previous Labor government in 2012 shortening the period that ...

FPA and AFA unite: stop commissions on general advice

LAURA MILLAN  |  THURSDAY, 22 MAY 2014
... exemption. "The drafting still allows for product-related commissions to be received," Rantall said. Tasmania Greens' Senator Peter Whish-Wilson questioned the advisers' representatives about the sector's current fee structure and business model. "How ...

Platforms pushed by utility as well as technology

ALEX DUNNIN  |  WEDNESDAY, 21 MAY 2014
... and bonds, for example, he said. But before these new platforms come into the Australian market, Nick Sherry, a former senator who was Minister for Superannuation and who is now senior advisor for superannuation and pensions at Citi, said we have to ...

CBA, CSSA promote FoFA legal loophole

JAMES FERNYHOUGH  |  MONDAY, 19 MAY 2014
... by the less-accessible Mathias Cormann, and Latto is not as optimistic. "I think we've got a reasonable chance on this. Senator Cormann does understand the issue," he said. He said smaller independent advisers would be hardest hit by the changes, as ...

Budget reply speech 2014 -15: Bill Shorten

Wake-up call for watchdog after inquiry

LAURA MILLAN  |  TUESDAY, 22 APR 2014
... will present the Senate with "a widespread report that will include the industries' black holes and dark corners." The senator and chair of the Committee Mark Bishop told Financial Standard that the report will reflect "the strong impression that the ...

ASIC admits wrongdoing in Senate hearing

LAURA MILLAN  |  FRIDAY, 11 APR 2014
... have acted earlier," senior executive leader Greg Kirk said. The hearing reached its most dramatic moments when Labor Senator Mark Bishop asked ASIC officials if they knew that CFP was "sanitising" or "doctoring" client files. During the morning, it ...