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Showing 431 - 440 of 703 results for "Senator"

Ripoll defends FOFA integrity

ELISE BURGESS  |  MONDAY, 21 NOV 2011
... itself will have a 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. ...

Congressmen agitate for US transaction tax

ALEX DUNNIN  |  THURSDAY, 3 NOV 2011
... introduce a US transaction tax modelled on the European transaction tax that is already set to take effect from 2014. Senator Tom Harkin and Congressman Peter DeFazio said they plan to introduce legislation that will impose a 3 basis point tax on financial ...

Industry funds not our focus: Cormann

ELISE BURGESS  |  WEDNESDAY, 26 OCT 2011
... the spotlight as advisers gathered to hear from the Opposition on the introduction of reforms in the advice industry. Senator and shadow assistant treasurer, Mathias Cormann, received a warm reception when he addressed delegates yesterday at the Association ...

Future Fund not for sale: Wong

ELISE BURGESS  |  MONDAY, 12 SEP 2011
... "secret plan" had been revealed during a Senate Estimates hearing when questioning Finance Department head, David Tune. Senator Cormann asked Tune whether there was anything unusual about the sale of non-financial assets other than the expected sale ...

Politicians spar over future of superannuation guarantee

ALISON BEVEGE  |  FRIDAY, 26 AUG 2011
... plans to lift the 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 ...

Future Fund posts higher returns, chairman warns of volatility

ALISON BEVEGE  |  WEDNESDAY, 10 AUG 2011
... emerging market 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 ...

ASIC jobs cut as responsibilities rise

ALISON BEVEGE  |  FRIDAY, 22 JUL 2011
... has a total headcount of 1850 people. In a response to a question on notice from Shadow Minister for Financial Services Senator Mathias Cormann, Medcraft confirmed that 43 of those staff took voluntary redundancies while 16 were forced. Medcraft said ...

Market Wrap - Morning

AAP  |  THURSDAY, 21 JUL 2011
... Australia Bank issues its quarterly business survey. In equities news, the Asia Pacific Aviation Outlook Summit hears from Senator Nick Sherry, the Minister Assisting the Federal Minister for Tourism, and from Air NZ chief financial officer Rob McDonald. ...

Earnings, debt ceiling and debt

BENJAMIN ONG  |  WEDNESDAY, 20 JUL 2011
So now equity investors have finally taken notice of earnings. "Wall Street up on profits, Apple surges late," beamed Reuters' headline. Oh yes, Virginia, Wall Street was not only up - it was up big time. Both the Dow and the S&P500 gained 1.6% overnight ...

Market Wrap - Morning

AAP  |  TUESDAY, 19 JUL 2011
The Australian share market is expected to open lower today, after Wall Street securities fell overnight, while commodities markets were mixed. At 0721 AEST, the local September share price index futures contract was down 22 points at 4,425. In economic ...