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Showing 21 - 28 of 28 results for "Senate Estimates"

Future Fund posts higher returns, chairman warns of volatility

ALISON BEVEGE  |  WEDNESDAY, 10 AUG 2011
... of the total value of the fund to act as a hedge. In response to questioning by Senator Mathias Cormann in May Senate Estimates hearings, David Neal, chief investment officer of the Future Fund said the emerging market currency investments were worth ...

ASIC jobs cut as responsibilities rise

ALISON BEVEGE  |  FRIDAY, 22 JUL 2011
... $350 million for the 2011-12 financial year, subject to a funding review, ASIC chairman Greg Medcraft told a Senate Estimates hearing. As a result, 155 jobs need to be cut. The 87 staff that have been given redundancies in the year to May go towards ...

Opposition attacks opt-in concession

ALISON BEVEGE  |  THURSDAY, 28 APR 2011
... still penalise advisory firms despite the extended time frame. "According to Treasury evidence during recent Senate estimates, an average small business financial advisory firm would face $50,000 per annum in additional costs," he said. "We do not think ...

Future Fund offloads Telstra shares

MEDIA RELEASE  |  WEDNESDAY, 20 OCT 2010
... 113.6 million Telstra shares - bringing its holding in the telecom giant down from 10.9 to 10 per cent. At a senate estimates hearing yesterday, the Future Fund Board of Guardians said it had sold the shares on-market as part of its objective of rebalancing ...

Daily economic round-up

PETER BELL  |  THURSDAY, 15 FEB 2007
... financially distressed customers are being allowed even more credit. Treasury officials have recently told a Senate estimates committee that housing affordability was at a historic low at a time when the debt servicing obligations of households have ...

APRA raised concerns with NAB before rogue trading scandal

AAP  |  THURSDAY, 19 FEB 2004
... had been raised directly with the board and senior management following a visit in August 2002, Dr Laker told a Senate estimates committee hearing. Dr Laker said APRA was aware NAB had almost twice the foreign currency exposure on a daily basis as the ...

Sherry accuses Government of "another major super bungle"

... assumption that 80 per cent of backpackers and other temporary residents would claim their super payments, but Senate Estimates Hearings have confirmed this figure has been vastly overstated." "Treasury has refused to reveal the extent of the hole but ...

Budget underestimated drought costs by $200 million: official

... drought to the Government were at least $200 million out, Federal agriculture department official Bob Calder told a Senate estimates committee today. Calder said expected spending on drought assistance had increased to $953 million, but the Budget - ...
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