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Showing 21 - 30 of 49 results for %22Scott Pape%22

Default life insurance reforms ineffective: Research

KARREN VERGARA  |  WEDNESDAY, 13 JUN 2018
... supress retirement savings and cost the economy $2.46 billion annually, latest research from AIA Australia shows. Treasurer Scott Morrison announced in this year's Budget that superannuation funds will move from the default life insurance arrangements ...

Retirement income paper open for consultation

KANIKA SOOD  |  FRIDAY, 18 MAY 2018
... Industry Supervision Act 1993. The SIS Act already has covenants on insurance and investment. On Budget night, Treasurer Scott Morrison flagged the upcoming release of the retirement covenant paper that opened for consultation yesterday. Future work ...

Personal tax cuts lead the Budget

KANIKA SOOD  |  TUESDAY, 8 MAY 2018
Personal tax cuts were on the top of Treasurer Scott Morrison's five-point list to "strengthen the economy" as he opened his Budget night speech. The Federal Government is proposing middle and lower income earners pay up to $530 less in tax, starting ...

Budget paves way for retirement income framework

KARREN VERGARA  |  TUESDAY, 8 MAY 2018
... Products for Retirement (CIPRs) - products that provide individuals income for life - no matter how long they live. Treasurer Scott Morrison said a position paper will be released for consultation shortly, outlining its proposed approach to the covenant. ...

What the associations want from Budget 2018

KANIKA SOOD  |  TUESDAY, 8 MAY 2018
When the clock strikes half past seven and Treasurer Scott Morrison starts to read his speech, here is what Australia's major financial services associations will be hoping for. Financial Planning Association (FPA) In a 45-page pre-budget submission ...

Chief economist update: Budget surplus can wait

BENJAMIN ONG  |  TUESDAY, 8 MAY 2018
... Budget "smoke out" in Canberra. Canberra will give back some of the wealth to we, the people. According to the The Guardian, Scott Morrison "noted that tax receipts until February were running $4.8 billion higher than forecast by the Treasury last December ...

O'Dwyer urges AFCA consultation

KARREN VERGARA  |  FRIDAY, 3 NOV 2017
... facility is of an amount up to $5 million, AFCA should have a compensation cap of $1 million," the paper noted. Treasurer Scott Morrison set in motion the establishment of a one-stop-shop dispute body to replace the Financial Ombudsman Service, the Credit ...

A one-handed clap for ScoMo's Budget

BENJAMIN ONG  |  TUESDAY, 23 MAY 2017
Australian Federal Treasurer Scott Morrison must be beaming when the Australian Bureau of Statistics (ABS) released the latest update on the country's labour market that showed the unemployment rate dropped from 5.9% in March to 5.7% in April - better ...

Another Budget, another promised surplus

BENJAMIN ONG  |  WEDNESDAY, 10 MAY 2017
... theme of course is that the government's Budget would be in surplus soon (promise!). Let's hear it from Federal Treasurer Scott Morrison's own lips: "Mr Speaker, tonight I announce a fair and responsible path back to a balanced budget. "Having exhausted ...

Major banks receive Budget shakeup

JAMIE WILLIAMSON  |  TUESDAY, 9 MAY 2017
... their needs and create further opportunities for innovative business models in banking that enhance competition," Treasurer Scott Morrison said. The ACCC will also receive $13.2 million over the next four years to complete regular inquiries into specific ...