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Showing 461 - 470 of 844 results for "Senate"

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 ...

Labor questions Murray, calls for another inquiry

LAURA MILLAN  |  WEDNESDAY, 9 JUL 2014
... bank aggressively moved into financial planning, when the bank removed external compliance controls-which came up in the Senate inquiries as one of the issues-and when the bank hired rogue financial planners, such as Mr Don Nguyen," he said, and added ...

Intra-fund advice exemptions in doubt

JAMES FERNYHOUGH  |  TUESDAY, 8 JUL 2014
Industry super funds could face stricter rules around block charging members for financial advice if the Senate blocks the amendments to the Future of Financial Advice (FoFA) reforms, Finance Minister Mathias Cormann has said. Singling out exemptions ...

Macquarie rebukes advice, compliance concerns

LAURA MILLAN  |  TUESDAY, 8 JUL 2014
Macquarie has issued its first public statement since a Senate Economics Committee report flagged "systemic failings of compliance" within its advice business two weeks ago. The group said that it has been working with the Australian Securities and ...

Palmer to oppose abolition of LISC

JAMES FERNYHOUGH  |  MONDAY, 7 JUL 2014
... but cannot support some of the measures in the legislation, and is negotiating and will move to have them removed in the Senate." Along with the LISC, Palmer also said his party would oppose the abolition of the Schoolkids Bonus or the scrapping of the ...

CBA reaction too slow, too little, too late

LAURA MILLAN  |  FRIDAY, 4 JUL 2014
... FPA is also calling on the government to establish a summit of industry leaders to address the 61 recommendations of the Senate Economics Committee inquiry into the financial services regulator. The Governance Institute of Australia also issued a statement ...

CBA's Narev leaves key questions unanswered

LAURA MILLAN  |  FRIDAY, 4 JUL 2014
... with a spirit of openness; we've listened," Narev declared yesterday in the bank's first media conference following the Senate Economics Committee release of a report largely critical of CBA's management of its financial planning businesses. But Narev ...

Market wrap

AAP  |  FRIDAY, 4 JUL 2014
... more than 1,100 customers who lost savings as a result of fraudulent and misleading behaviour by financial advisers. A Senate committee last week called for a royal commission into the scandal. Among resources stocks, Rio Tinto gained 32 cents to $62.32 ...

Government still mulling response on Senate report

LAURA MILLAN AND AAP  |  THURSDAY, 3 JUL 2014
... implementation of Commonwealth Bank's (CBA) Open Advice Review program announced today while it works on its response to the Senate Economics Committee report. Finance Minister Mathias Cormann said that it was "appropriate, indeed it was necessary, that ...

FPA calls for industry summit to restore trust in advice

LAURA MILLAN  |  THURSDAY, 3 JUL 2014
... that can truly deliver positive changes, we would fully support calls for a Royal Commission," he added, referring to the Senate Economics Committee recommendation to set up a Royal Commission to investigate cases of bad advice within Commonwealth financial ...