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Showing 21 - 30 of 46 results for "Senator Mathias Cormann"

Coalition clears up FOFA questions

MELANIE TIMBRELL  |  MONDAY, 28 MAY 2012
... like under a coalition government. Speaking at an Association of Financial Advisers Budget reply lunch, Senator Mathias Cormann said the 16 recommendations that coalition members made on the Parliamentary Joint Committee (PJC) inquiry into the Future ...

PJC blasts Trio follow-up

MELANIE TIMBRELL  |  WEDNESDAY, 16 MAY 2012
... fraud or act rapidly enough to shut it down and protect investors. Commenting on the findings, opposition senator Mathias Cormann said both regulatory bodies such as ASIC and APRA and criminal authorities such as the Australian Federal Police must act ...

Industry rejects changes to super tax

MELANIE TIMBRELL  |  MONDAY, 23 APR 2012
... of work to encourage self-funded retirement. Shadow Minister for Financial Services and Superannuation, Senator Mathias Cormann called the proposed changes a "tax grab," saying the move was indicative of short termism, asking Australians working toward ...

Speculation grows on super tax breaks

ALEX DUNNIN  |  FRIDAY, 20 APR 2012
... The federal opposition appears to have been blindsided by the move as while shadow assistant treasurer Senator Mathias Cormann issued a statement this morning decrying any possible dampening of superannuation tax breaks, shadow communications minister ...

ASIC questioned over new powers

ELISE BURGESS  |  WEDNESDAY, 25 JAN 2012
... regulator gave preliminary results to its planning shadow shop survey with "woeful" results for planners. Senator Mathias Cormann questioned the Australian Securities and Investments Commission (ASIC) commissioner Peter Kell about the enhancement in ...

Annual fee collation too complex: FPA to PJC

MELANIE TIMBRELL  |  TUESDAY, 24 JAN 2012
... in and create some kind of consolidated report." The FPA concluded in agreement with a statement from Senator Mathias Cormann on the possibility of consumers paying an adviser to collate all fees in a single statement if they so wish, rather than creating ...

FOFA moderate and reasonable: ISN

CLAIRE MCGREAL  |  TUESDAY, 24 JAN 2012
... $2,130 to $1,188, "largely driven by the increase in uptake of scaleable advice". Meanwhile Opposition Senator Mathias Cormann quizzed Industry Super Network (ISN) representatives on whether they were "surprised" by the government's inclusion of a retrospective ...

Ripoll defends FOFA integrity

ELISE BURGESS  |  MONDAY, 21 NOV 2011
... cost attached to it but the overall service of providing advice will be more affordable and accessible." Senator Mathias Cormann responded that the Ripoll enquiry never recommended opt-in or a ban on insurance commissions inside super. "Since Bernie ...

Politicians spar over future of superannuation guarantee

ALISON BEVEGE  |  FRIDAY, 26 AUG 2011
... universal superannuation guarantee from 9% to 12%?" he asked. But Shadow Minister for Financial Services Senator Mathias Cormann said the Coalition's position had not changed. "The Coalition remains opposed to Labor's push to increase compulsory super ...

Future Fund posts higher returns, chairman warns of volatility

ALISON BEVEGE  |  WEDNESDAY, 10 AUG 2011
... currencies from 5% to 10% 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 ...