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Showing 461 - 470 of 1005 results for "Financial System"

Super changes about sustainability: O'Dwyer

KELLY O'DWYER, ASSISTANT TREASURER AND MINISTER FOR SMALL BUSINESS  |  FRIDAY, 27 MAY 2016
... super system is sustainable, flexible and has integrity. The objective of superannuation, as recommended by the Financial System Inquiry, is 'to provide income in retirement to substitute or supplement the Age Pension'. This objective, which will for ...

MFSIM execs use $143.5m in client money to repay debts

KERRIE SYDEE  |  TUESDAY, 24 MAY 2016
... Price said: "Company officers, including directors, play a very important role as gatekeepers in Australia's financial system. In this case we saw individuals neglect their duty to act in the interest of their investors." The matter has been adjourned ...

FSC releases policy priorities for next parliament

ALEX BURKE  |  WEDNESDAY, 18 MAY 2016
... the next parliament. Primarily, the FSC's statement concerns itself with outstanding issues highlighted in the Financial System Inquiry. Specifically, it emphasises the need for a professional framework for financial advisers and refining the recommendations ...

Financial Sector Advisory Council back in action

DARREN SNYDER  |  MONDAY, 9 MAY 2016
... and a mandate to advise the federal government on regulator performance as well as its implementation of the Financial System Inquiry (FSI). The rebuilt Council will have nine members and is to be chaired by Suncorp Group chief executive Michael Cameron. ...

Panel to review financial services complaints system

DARREN SNYDER  |  THURSDAY, 5 MAY 2016
... their consideration of this related issue." O'Dwyer added the review builds on the government's response to the Financial System Inquiry. The panel: Professor Ian Ramsay (chair) - A professor of commercial law at the University of Melbourne; he is a ...

Government pushes "regulatory sandbox" for fintech startups

ALEX BURKE  |  WEDNESDAY, 4 MAY 2016
... investment thresholds and restrictions on the types of services eligible for testing." "We believe that Australia's financial system laws and regulations should enable innovation," Morrison said in a statement. "The Government is pleased that ASIC is ...

Super objective paves way for taxation changes

DARREN SNYDER  |  TUESDAY, 3 MAY 2016
... will be to provide income in retirement to substitute or supplement the Age Pension - a view synonymous with the Financial System Inquiry recommendation. The government will tax the earnings of Transition to Retirement Income Streams in a bid to reduce ...

APRA counts life insurance losses

KERRIE SYDEE  |  FRIDAY, 29 APR 2016
... and legal environments. In its recommendation APRA points to a similar mechanism that was developed from the Financial System Inquiry Final Report and although not finalised or implemented, it was accepted by the government.

Banks launch major consumer protection program today

ALEX BURKE  |  THURSDAY, 21 APR 2016
... Steven MA1/4nchenberg said. He added, "Trust is at the centre of banking and is critical for the stability of our financial system. The strength of our banking sector got us through the global financial crisis. "Since then banks have done a lot of work ...

Government boosts ASIC with $127m package

ALEX BURKE  |  WEDNESDAY, 20 APR 2016
... issues that will enable ASIC to be able to even better deal with the issues that come up in the banking and the financial system." The package comprises $61.1 million to improve ASIC's data and surveillance facilities and "modernise" its data management ...