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Showing 371 - 380 of 843 results for "Senate"

Labor now opposes advice Royal Commission

LAURA MILLAN  |  WEDNESDAY, 24 JUN 2015
... inquiry into the performance of the Australian Securities and Investments Commission (ASIC). "For the meantime, the current Senate inquiry is the appropriate place to continue to examine the roles of ASIC, financial planners, and to talk to victims ...

ASIC looking to introduce civil laws to punish corporates

DARREN SNYDER  |  WEDNESDAY, 3 JUN 2015
Australian Securities and Investments Commission (ASIC) chairman Greg Medcraft has told a Senate Estimates hearing that the big six banks and regional counterparts have no excuse for poor corporate culture. During today's hearing Medcraft said ASIC ...

Property bubble debate heats up

LAURA MILLAN  |  TUESDAY, 2 JUN 2015
... rising house prices: "When you look at the housing price bubble evidence, it's unequivocally the case in Sydney," he told a Senate committee, and added that this was "certainly the case in higher priced areas in Melbourne." Fraser joined the Australian ...

Lawyer slams NAB compensation scheme

LAURA MILLAN  |  FRIDAY, 22 MAY 2015
... than that of CBA and Macquarie advisers. In April, NAB's claims of an independent review process were questioned by the Senate Economics Committee during aA public hearing in Canberra as part of the Scrutiny of Financial Advice inquiry. However, following ...

NAB upgrades advice compensation program

LAURA MILLAN  |  THURSDAY, 21 MAY 2015
... NAB said. However, NAB's claims of an independent review process have been questioned in the past, most recently by the Senate Economics Committee during a public hearing in Canberra as part of the Scrutiny of Financial Advice inquiry. Committee chair ...

Budget projections risk being too optimistic, economists warn

LAURA MILLAN  |  TUESDAY, 12 MAY 2015
... Oliver noted that "as a result, we are unlikely to see the big blow to confidence that last year's fairness debate and Senate debacle caused." However, he identified other risks in this year's budget, including that "the Government's projected 7% plus ...

Hockey defends budget backflip

LAURA MILLAN  |  TUESDAY, 12 MAY 2015
... parliament, Hockey avoided all reference to the cuts announced in last year's budget, most of which did not pass through the Senate. "We laid the foundations in the last budget and this year we have started to implement it. We have faced increasingly ...

Goldman ordered to pay $100m to NAB

STAFF WRITER  |  TUESDAY, 12 MAY 2015
... NAB invested $80 million in a Goldman collateralised-debt obligation called Hudson Mezzanine Funding 2006-1. A 2011 US Senate report later found that while Goldman was pitching Hudson securities to investors, it was also betting against their value. ...

Budget for uncertainty

BENJAMIN ONG  |  TUESDAY, 12 MAY 2015
... Abbott, we can never be sure. And then, there's the question of how many of the savings/spending measures would pass the Senate this time around. The unfortunate answer is we simply won't know after the Budget is delivered, opposed, debated and negotiated. ...

Advice industry faces insurance quandary

ALEX BURKE  |  MONDAY, 4 MAY 2015
... the problem. Senators Nick Xenophon and Sam Dastyari proposed a statutory financial advice victim insurance scheme at the Senate Economics References Committee's Scrutiny of Financial Advice inquiry on April 21. The potentially $50 million scheme would ...