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| | | ... lost $55 million for the victims of failed investment firm, Trio Capital. Under new regulations announced, Assistant Treasurer Bill Shorten has raised the maximum levy payment amount for the 30 largest super funds from $500,000 to $750,000. The levy ... |
| | | | Assistant Treasurer, Bill Shorten, has today announced the phasing out of drawdown relief for pensioners but made provisions for 2011-12, expected to benefit some 120,000 self-funded retirees. Under past regulations, self-funded retirees were required ... |
| | | | Assistant Treasurer Bill Shorten has refuted claims made by planner association critics that have suggested his FOFA reforms are an industry funds puppet, with a spokesman labelling the claims as "a bit rich". Yesterday the Association of Financial ... |
| | | | Financial planners won't lose out on all commissions after Assistant Treasurer Bill Shorten confirmed the ban on commissions will not cover property investments, pushing opportunities for planners in the self-managed super fund (SMSF) space. Property ... |
| | | | ... that 21,225 people or 73 per cent of those breaching the caps made excess contributions of less than $10,000, Assistant Treasurer Bill Shorten's office said. The figures for 2009-10 were not immediately available. Financial adviser Liam Diggin, principal ... |
| | | | ... market licence is under consideration. The Government expects to announce a decision soon," said Bill Shorten, Assistant Treasurer. Most of ASIC's new market integrity rules come into play on October 31 2011, giving industry participants time to prepare ... |
| | | | Despite some protests on the details of the proposed FOFA reforms, Assistant Treasurer Bill Shorten said the changes, particularly the ban on 'conflicted remuneration', can only improve the planning industry's public image and encourage more Australians ... |
| | | | ... super after trustees, Mercer Investment Nominees, alerted the federal government of its plans. Bill Shorten, assistant treasurer and minister for superannuation, said the statements will give members clarity on the distribution amount they are likely ... |
| | | | ... Trusts (MITs) and financial planners providing tax advice to come to terms with new legislation. Bill Shorten, assistant treasurer and minister for financial services and superannuation, said that delaying the start date for the new MIT tax system to ... |
| | | | ... 100-year-old baby boomers will live out their last days in poverty unless superannuation changes are passed, Assistant Treasurer Bill Shorten has told delegates at the Conference of Major Super Funds. Minister Shorten, who flew to the Gold Coast last ... |
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