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Showing 371 - 380 of 489 results for "Assistant treasurer"

Shorten ups Trio super levy to $750,000

ELISE BURGESS  |  WEDNESDAY, 8 JUN 2011
... 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 ...

Shorten phases out drawdown relief for account-based pensions

ELISE BURGESS  |  TUESDAY, 7 JUN 2011
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 ...

Shorten responds to bias accusations

ELISE BURGESS  |  FRIDAY, 3 JUN 2011
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 ...

Planners commission ban skips property

ELISE BURGESS  |  MONDAY, 30 MAY 2011
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 ...

Budget 2011: Advisers granted budget wish

ALISON BEVEGE  |  WEDNESDAY, 11 MAY 2011
... 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 ...

Government applauds ASIC trading rules

MATT WOODINGTON  |  MONDAY, 2 MAY 2011
... 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 ...

Less conflict, more interest: FOFA

MICHELLE BALTAZAR  |  THURSDAY, 28 APR 2011
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 ...

Ansett trustees make a move

ELISE BURGESS  |  TUESDAY, 19 APR 2011
... 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 ...

Extra year for tax related overhauls

MATT WOODINGTON  |  FRIDAY, 8 APR 2011
... 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 ...

SG needed to save retirees: Shorten

ALISON BEVEGE  |  TUESDAY, 29 MAR 2011
... 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 ...