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Showing 431 - 440 of 682 results for "Shorte"

Insto tax phase down deferred one year

ELISE BURGESS  |  WEDNESDAY, 23 NOV 2011
Assistant Treasurer Bill Shorten has announced a one year deferral of its phase down of interest withholding tax, paid primarily by financial institutions as announced in the 2010-11 Budget, thanks to the MRRT. As promised in last year's Budget, the ...

FOFA will pass: Shorten, FPA

ELISE BURGESS  |  FRIDAY, 18 NOV 2011
Minister for Financial Services and Superannuation Bill Shorten and the FPA agree that the FOFA reforms will pass through parliament, with the Minister urging planners to embrace change as a necessary survival tool for the betterment of the industry. ...

Shorten rallies the troop to vote in favour of SG hike

CLAIRE MCGREAL  |  FRIDAY, 11 NOV 2011
Financial services minister Bill Shorten has praised all sectors of the superannuation industry for their willingness to "negotiate and compromise" on reform, despite their traditional differences. In an impassioned speech to ASFA delegates, the assistant ...

APRA accepts EU from former Trio director

CLAIRE MCGREAL  |  FRIDAY, 4 NOV 2011
The Australian Prudential Regulation Authority has accepted an enforceable undertaking from the remaining Trio Capital director David O'Bryen. Under the terms, O'Bryen will not act as a trustee or as a responsible officer of a body corporate that is ...

MySuper legislation introduced

ELISE BURGESS  |  FRIDAY, 4 NOV 2011
The superannuation system revamp continues with the introduction of legislation that will pave the way for MySuper. The Superannuation Legislation Amendment (MySuper Core Provisions) Bill 2011 proposes the introduction of MySuper, a low-cost default ...

SG Bill enters parliament with strong support

ELISE BURGESS  |  WEDNESDAY, 2 NOV 2011
The Superannuation Guarantee (Administration) Amendment Bill has entered the House of Representatives today with the support of associations and government, with Minister Shorten introducing the abolishment of the age limit. In addition to increasing ...

Chi-X and ASX go head to head

CLAIRE MCGREAL  |  MONDAY, 31 OCT 2011
Chi-X Australia, the Australian stock exchange's first competitor and the country's first foreign-owned stock exchange operator, opened for business with a 'soft launch' today. Once this initial phase is completed, Chi-X will then move from trading ...

ASFA gets behind phoenix reforms

RACHEL DAVIS  |  MONDAY, 31 OCT 2011
The Association of Superannuation Funds of Australia has welcomed proposed legislation to hold directors of phoenix companies liable for any unpaid superannuation entitlements. On 13 October 2011, the Government presented a bill aimed at amending the ...

ASX: Breakdown unrelated to Monday's Chi-X launch

CLAIRE MCGREAL  |  FRIDAY, 28 OCT 2011
The Australian Securities Exchange has admitted that yesterday's four-hour trade stoppage wasn't good enough, but said it had nothing to do with the launch of rival exchange operator Chi-X next week. ASX Trade was down from 10.05 am to just after 2 ...

Govt infra paper opens investment doors

ELISE BURGESS  |  THURSDAY, 27 OCT 2011
The Government has announced plans to remove tax disincentives and encourage more private investment in infrastructure projects in a bid to entice investments into the local market. As stated in a discussion paper on the 2011-12 Budget measure introducing ...