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Showing 461 - 470 of 682 results for "Shorte"

FOFA divides on commission

ELISE BURGESS  |  MONDAY, 29 AUG 2011
The Government's stance on the banning of commissions has proven to be a contentious issue, attracting quick responses from industry heavyweights after today's release of draft legislation of the Future of Financial Advice reforms. Despite hinting that ...

Industry body applauds move to define financial planners

MATT WOODINGTON  |  MONDAY, 29 AUG 2011
The government will release a public consultation paper on defining the term 'financial planner' by law, obliging advisers to prove their credentials before offering services to clients. The Treasury has drawn praise from industry bodies for announcing ...

Politicians spar over future of superannuation guarantee

ALISON BEVEGE  |  FRIDAY, 26 AUG 2011
Politics flared today on the proposed increase in the superannuation guarantee with each side remaining entrenched in their positions. Minister for Superannuation Bill Shorten called on the Coalition to support the lifting of the superannuation guarantee ...

Submissions open on excess super contribution cap refund rules

ALISON BEVEGE  |  THURSDAY, 18 AUG 2011
Financial advisers and self-managed super fund trustees can have their say on the excess contributions cap reprieve after Assistant Treasurer Bill Shorten released a consultation paper yesterday. Under the contributions cap, super fund members under ...

Super now the fourth pillar

ALEX DUNNIN  |  WEDNESDAY, 17 AUG 2011
Superannuation is now the fourth pillar of Australia's social and economic life and the national disability insurance scheme will develop to become the fifth, said minister Bill Shorten at a major superannuation function at Parliament House in Canberra ...

Investment cloud clears with Govt draft proposal

ELISE BURGESS  |  WEDNESDAY, 17 AUG 2011
Moves to align Australia with other financial centres and concerns of uncertainty has prompted the Federal Government to release draft legislation on Australia's investment manager regime. In response to a recommendation by the report of the Australian ...

In defence of superannuation

ALEX DUNNIN  |  MONDAY, 15 AUG 2011
Superannuation funds earning nearly 7% per annum over the past 20 years has forced minister Bill Shorten to defend the system itself while arguing why lifting SG from 9 to 12% is still a good idea. Speaking on ABC TV's Insider's program yesterday, Minister ...

Super tribunal needs members to solve disputes

ALISON BEVEGE  |  TUESDAY, 9 AUG 2011
The Superannuation Complaints Tribunal is looking for members to resolve disputes as 13 of the 18 member appointments are set to expire in November. It is not known how many of the expiring appointments may be reappointed, nor whether the overall number ...

Re-financing of aged care announced

RACHEL DAVIS  |  TUESDAY, 9 AUG 2011
The Productivity Commission's inquiry into Australia's aged care system has released its final report. Fundamental changes to the way aged care is delivered and financed are proposed, including the move towards user pays. The Productivity Commission's ...

Govt provides reverse mortgage guarantees

ELISE BURGESS  |  MONDAY, 8 AUG 2011
The Federal Government has made its first move in the race to fiscally manage the ageing population, with the release of draft legislation to increase protection around reverse mortgages. Assistant Treasurer and Minister for Financial Services and Superannuation ...