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Showing 411 - 420 of 843 results for "Senate"

Industry furious at financial advice swap

AAP & ALICE URIBE  |  THURSDAY, 20 NOV 2014
... financial services industry responded with ire after the Future of Financial Advice (FoFA) laws were demolished in the Senate overnight. Labor, the Greens and four crossbenchers, including Palmer United Party's Jacqui Lambie, argued the Coalition's proposed ...

FoFA disallowance could put industry into breach of law

LAURA MILLAN  |  WEDNESDAY, 19 NOV 2014
A Senate alliance between Labor, the Greens and three crossbench Senators has pushed for a motion to disallow the Coalition's proposed changes to the Future of Financial Advice (FoFA) legislation in a move that could put the industry immediately into ...

Questions raised about ANZ and Timbercorp

LAURA MILLAN  |  FRIDAY, 14 NOV 2014
The Senate Economics Committee inquiry into forestry managed investment schemes heard victims of Timbercorp point to the failed scheme's relationship with ANZ Banking Group. "The evidence presented at the first hearing of the Senate inquiry in forestry ...

Higher adviser education standards boost CFP demand

LAURA MILLAN  |  MONDAY, 10 NOV 2014
... requirements for their financial advisers, following industry debate prompted by several financial planning scandals and a recent Senate inquiry.

First Super to vote against CBA board members

LAURA MILLAN  |  MONDAY, 10 NOV 2014
... accountable," First Super chief executive Bill Watson said, in reference to the financial planning scandals at CBA that prompted a Senate inquiry and forced the bank to set up a compensation program. "Aside from the very real damage to customers, the ...

Rejoice for the A$ has fallen

BENJAMIN ONG  |  THURSDAY, 6 NOV 2014
... dollar "plummeted" "nosedived" "plunged" "tumbled" "was smoked" following reports that the Republicans won control of the US Senate. It fell - yes, fell - to a four-year low of US$0.8564, down 2% from its US$0.8738 in New York trade. As I type, the dollar-A's ...

Market Wrap AM

AAP  |  THURSDAY, 6 NOV 2014
... across the eurozone to join a rally by the greenback against major rival currencies after Republicans took control of the US Senate from Democrats overnight, which many investors hope might result in more business-friendly policies in Washington. The ...

CBA appoints litigators as customer advocates

LAURA MILLAN  |  MONDAY, 3 NOV 2014
... chief executive Ian Narev have been asked to appear in front of the Scrutiny of Financial Advice inquiry, conducted by the Senate Economics Committee. In an interview on ABC Radio, the Committee's chair Sam Dastyari was asked if CBA had refused the request ...

Arthur's back. Wait, no he's not

COLIN BRINSDEN, AAP ECONOMICS CORRESPONDENT  |  FRIDAY, 24 OCT 2014
... of a series of financial scandals as a result of bad advice. But Senator Cormann has rejected a recommendation from the Senate economics committee calling for a royal commission into the Commonwealth Bank of Australia after its financial advisers led ...

Government says no to CBA Royal Commission

LAURA MILLAN  |  FRIDAY, 24 OCT 2014
The government has not accepted a recommendation by the Senate Economics Committee to open a Royal Commission to investigate the financial planning scandals within Commonwealth Bank (CBA). The government has issued a two-page response to the 61 recommendations ...