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Showing 21 - 30 of 149 results for "Economics Committee"

APRA urged to probe industry funds

KANIKA SOOD  |  TUESDAY, 26 MAY 2020
... industry super funds and related conflicts of interest. Wilson, who chairs the House of Representatives' Standing Economics Committee, referenced a report from research and ratings house Lonsec on industry fund Hostplus in his letter sent yesterday. ...

ISA, ME Bank issued please explain

ELIZABETH MCARTHUR  |  MONDAY, 11 MAY 2020
... to $43,000 by retirement and Super Consumers Australia put the figure at just under $50,000. Chair of the economics committee Tim Wilson called ISA's calculations "dubious" and said he will be looking for an explanation later this week. "Australians ...

APRA questioned on fund liquidity

ELIZA BAVIN  |  WEDNESDAY, 22 APR 2020
The prudential regulator has been questioned over super fund liquidity concerns by the Senate Economics Committee. Senator Andrew Bragg issued a letter to APRA putting the regulator on notice to answer a number of questions related to super funds. "I ...

AMP cuts ongoing advice agreements

ELIZABETH MCARTHUR  |  FRIDAY, 6 DEC 2019
... AMP's remediation costs were likely to hit $1.185 billion, based on a nine year timeframe. At the recent House Economics Committee, Wade said the Royal Commission highlighted the fact that AMP did not have a culture that put clients first. "With ...

Stop undermining franking credit refunds: Wilson

KARREN VERGARA  |  FRIDAY, 30 NOV 2018
... on why both sides of politics should safeguard the current system at the House of Representatives Standing Economics Committee this morning, tasked with investigating the implications of removing refundable franking credits. Wilson highlighted the flow-on ...

FSC moves to protect retail super from ALP 'tinkering'

HARRISON WORLEY  |  WEDNESDAY, 14 NOV 2018
... members over Labor's proposed changes to franking credits. In a submission to the House of Representatives Economics Committee, the FSC outlined the impact of the current franking system, noting more than 2.6 million members of large superannuation funds ...

Members better off with equal representation: AIST

KARREN VERGARA  |  TUESDAY, 10 OCT 2017
... to the Superannuation Laws Amendment (Strengthening Trustee Arrangements) Bill 2017 sitting before a Senate economics committee, AIST said there is no evidence that the current system is failing members or that the proposed model would improve member ...

Industry supports super threshold removal

EMMA RAPAPORT  |  TUESDAY, 20 JUN 2017
... steps to ensure workers receive their superannuation entitlements." The proposal was put forward by the Senate Economics Committee and supported by Liberal Senator Jane Hume and Labor Senator Chris Ketter. It calls for the $450-a-month wage threshold ...

ATO hits back at claims of inadequacy

EMMA RAPAPORT  |  FRIDAY, 5 MAY 2017
The Australia Taxation Office has hit back at claims by the Senate economics committee that its "inadequate" approach to policing superannuation guarantee payments has exacerbated the growing problem of non-compliance. In a press release issued yesterday ...

Wages and super should be aligned: Cbus

EMMA RAPAPORT  |  TUESDAY, 14 MAR 2017
... allows salary sacrifice to be counted towards superannuation guarantee compliance to be closed. The Senate Economics Committee is holding hearings in Melbourne today into unpaid superannuation and will be making recommendations on how to improve the ...