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Showing 451 - 460 of 843 results for "Senate"

Cormann tables adviser register to "weed out bad apples"

LAURA MILLAN  |  THURSDAY, 17 JUL 2014
... Future of Financial Advice (FoFA) legislation. Cormann also noted that the initiative follows recommendation 44 of the Senate Economics Committee inquiry into the performance of the Australian Securities and Investment Commission (ASIC). "Our goal remains ...

Labor, Greens will "keep fighting" after FoFA backflip

LAURA MILLAN  |  WEDNESDAY, 16 JUL 2014
... Enthusiasts Senator Ricky Muir made a last-minute move to support the Future of Financial Advice (FoFA) amendments in the Senate last night "We are still in discussions to see what happens next," Labor Member of Parliament Bernie Ripoll told Financial ...

Deal with government brings in consumer protection: Palmer

LAURA MILLAN  |  TUESDAY, 15 JUL 2014
... minute," Bowen told journalists. "The deal was brokered at the last minute just to save this government's pride in the Senate. But the real losers here are the ordinary people." Bowen said that "the government is ripping it [FoFA] up with last-minute ...

FoFA disallowance vote will save "millions"

ALICE URIBE  |  TUESDAY, 15 JUL 2014
... industry millions of dollars according the Financial Planning Association (FPA). Commenting on the deal that was struck in the Senate this afternoon, the FPA chief executive Mark Rantall said the result of the deal was a "sensible outcome". "The removal ...

Senate votes against disallowing FoFA amendments

LAURA MILLAN  |  TUESDAY, 15 JUL 2014
... regulation did not pass as 34 senators voted against and 31 in favour. Finance Minister Mathias Cormann said during the Senate's afternoon session that "our friends at the Palmer United Party came to us with some positive suggestions, that's the way ...

Sustaining confidence in the Australian financial system: Murray

DAVID MURRAY  |  TUESDAY, 15 JUL 2014
... in SME loan contracts. It also raises concerns with the quality of financial advice. Our report was finalised before the Senate Economics Committee released its report on the performance of ASIC. However, we appear to have identified similar issues regarding ...

Run with bulls

BENJAMIN ONG  |  TUESDAY, 15 JUL 2014
... federal funds rate for a considerable time after the asset purchase program ends."... when she testifies before the US Senate Banking Committee tonight and the House Financial Services Committee tomorrow night. But before that, we've already heard ECB ...

CBA unveils tougher adviser standards

LAURA MILLAN  |  MONDAY, 14 JUL 2014
In the wake of the Senate inquiry into the performance of the Australian Securities and Investments Commission (ASIC), the Commonwealth Bank (CBA) will lift the minimum education standards for its financial advisers and demand that they belong to a ...

Retired High Court judge to chair CBA review panel

LAURA MILLAN  |  FRIDAY, 11 JUL 2014
... became an ad hoc Judge of the International Court of Justice (ICJ). CBA announced the Open Advice Program a week after the Senate Economics Committee released a report largely critical of the bank's advice process over the past years and of the way it ...

Labor forces tabling of FoFA regulations

LAURA MILLAN  |  THURSDAY, 10 JUL 2014
... The Labor Party tabled the regulations of amendments to the Future of Financial Advice (FoFA) amendments yesterday in the Senate. Labor Senator Sam Dastyari presented an order for the production of the Corporations Amendment (Streamlining Future of Financial ...