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Showing 441 - 450 of 843 results for "Senate"

ASIC lowers wholesale investor threshold to $2.5 million

LAURA MILLAN  |  MONDAY, 11 AUG 2014
... uncertainty," with the government raising the issue as early as 2011. However, the regulator only clarified the definition after a Senate Economics Committee inquiry into ASIC's performance recommended it. During the Senate inquiry, University of New ...

CBA, ASIC unveil details of new compensation scheme

LAURA MILLAN  |  FRIDAY, 8 AUG 2014
... CBA's review of their advice and any compensation offer was adequate. This information was made public in the wake of a Senate Economics Committee inquiry into the performance of ASIC, which was prompted by cases of poor advice, alleged fraud and document ...

Claims against advice arm have no factual basis: Macquarie

LAURA MILLAN  |  MONDAY, 4 AUG 2014
... has so far rebuked all concerns about compliance failings and bad advice within Macquarie Private Wealth. However, the Senate Economics Committee final report of ASIC inquiry flagged "systemic failings of compliance" within Macquarie Private Wealth. ...

AFA unveils main principles of code of conduct

LAURA MILLAN  |  WEDNESDAY, 30 JUL 2014
... group and taking into account the new Tax Agent Services Act (TASA) requirements, as well as the recommendations of past Senate inquiries into financial advice. Speaking about the recent and future regulatory changes, and the continuous presence of financial ...

ME Bank makes key appointment from GE Capital

STAFF WRITER  |  TUESDAY, 29 JUL 2014
... Credit Association (ARCA), Carlo has been a strong advocate for CCR including representing ARCA and the ABA in Parliamentary Senate hearings," he said. "He's well placed to capitalise on the CCR opportunity for the Bank." Prior to GE Capital Carlo workedA ...

CBA whistleblower casts doubts over compensation scheme

LAURA MILLAN  |  THURSDAY, 24 JUL 2014
... Australian Securities and Investments Commission] ASIC should be involved in compensation," given concerns expressed by the Senate Economics Committee over past programs headed by CBA and overviewed by the regulator. The final report said: "As the committee ...

Senate saves the LISC

JAMES FERNYHOUGH  |  MONDAY, 21 JUL 2014
The low income superannuation contribution (LISC) scheme has been saved after the Senate blocked the repeal of measures related to the mining tax. The LISC, which was a spending measure associated with the Minerals Resource Rent Tax, was saved after ...

CBA to fund adviser education and association membership

LAURA MILLAN  |  FRIDAY, 18 JUL 2014
... week. As revealed by Financial Standard, CBA decided to raise adviser standards in the wake of the final report of the Senate Economics Committee inquiry looking into the performance of the Australian Securities and Investments Commission's (ASIC). A ...

Market wrap PM

AAP  |  FRIDAY, 18 JUL 2014
... $33.97. The two big airline players regained territory after opening lower. Qantas shares were up 0.5 cents to $124.5 as the senate considers the Qantas Sale Act. Virgin Australia was up 0.5 cents or 1.23 per cent to 41 cents.

Market wrap

AAP  |  THURSDAY, 17 JUL 2014
... Tuesday expected to be quite strong." Investors in resource stocks were also cheered by the carbon tax being abolished by the Senate. The big miners all added more than 1.5 percentage points with Fortescue lifting 15 cents to $4.73, Rio Tinto climbing ...