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| | | Financial Services and Superannuation Minister, Bill Shorten, has released exposure draft legislation on income tax relief for merging superannuation funds for public comment. The draft legislation takes into account several of the issues raised by ... |
| | | | Mathias Cormann, Shadow Assistant Treasurer and Shadow Minister for Financial Services and Superannuation, came out swinging yesterday, accusing the Federal government of implementing "chaotic and unpredictable" regulations. Cormann swore a "blood oath ... |
| | | | Financial services minister Bill Shorten said that by 2017, the industry will be unrecognisable, predicting the age of commission-free super and greater convergence of retail and industry super funds. The minister said that within five years, the transition ... |
| | | | Promoters of illegal early release superannuation schemes will face tough penalties as part of the Government's Stronger Super reforms. Minister for superannuation, Bill Shorten, announced the crack down targeting schemes promoted as a means of accessing ... |
| | | | The Australian market looks set to open flat after finishing in negative territory for six straight sessions and overnight falls on Wall Street. At 0815 AEST on Friday, the September share price index futures contract was unchanged at 4,038. The US ... |
| | | | Australian stocks opened flat following a lacklustre day on European markets and Wall Street closed for the July 4 public holiday. At 1020 AEST on Thursday, the benchmark S&P/ASX200 index was down 1.9 points, or 0.05 per cent, at 4,170.3, while the ... |
| | | | A group of Trio fraud victims is meeting with Bill Shorten, minister for superannuation and financial services, to demand that they be compensated for their losses just as members of regular super funds were compensated. John Telford, secretary of the ... |
| | | | The federal government's initiative to reduce lost super appears to be working with the total amount of missing retirement savings now at $17.4bn, a 14% fall from the previously reported total of $20.2 billion. Bill Shorten, minister for financial services ... |
| | | | The Australian sharemarket has opened more than three quarters of a per cent higher, following strong leads on Wall Street. At 1017 AEST on Wednesday, the benchmark S&P/ASX200 index was up 31.6 points, or 0.77 per cent, at 4,158.8, while the broader ... |
| | | | The Australian market looks set to open higher after US and European bourses rose on hopes the European Central Bank and the Bank of England would introduce new stimulus measures this week and reports of strong June sales from the leading US auto makers. ... |
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