Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 481 - 490 of 748 results for "Senate 67"

Advice riskiest ASIC sector

LAURA MILLAN  |  WEDNESDAY, 19 FEB 2014
The Australian Securities and Investments Commission (ASIC) chairman Greg Medcraft said that in his own view, the regulator still regards financial advice "as the riskiest sector" ASIC regulates. Medcraft appeared this morning at a public hearing of ...

Blame it on the boogie

BENJAMIN ONG  |  FRIDAY, 14 FEB 2014
It's the weather, stupid! This was how Wall Street interpreted last disappointing data on retail spending and weekly jobless claims. 'Twas a convenient excuse (rationale?), particularly last night when a skyful of snow dropped on the East Coast about ...

US Congress votes to raise debt ceiling

ALEX DUNNIN  |  THURSDAY, 13 FEB 2014
Both houses of the US Congress have passed a bill to increase the US debt ceiling, with no additional debt ceiling increases expected to be needed until 2015. It was passed first in the House of Representatives 221 to 201 after an estimated 30 Republicans ...

Medcraft always going to testify at inquiry: ASIC

HARRY PAGE  |  THURSDAY, 6 FEB 2014
Australian Securities and Investments Commission (ASIC) chairman Greg Medcraft will appear before the Senate inquiry into ASIC, despite media reports to the contrary, according to an ASIC statement. Medcraft publically announced his commitment to the ...

ASIC takes most action against small business owners

LAURA MILLAN  |  MONDAY, 3 FEB 2014
The Australian Securities and Investments Commission (ASIC) took most of its criminal, civil and administrative actions against small business owners in the second half of 2013. The ASIC Enforcement Report from July to December 2013 reveals that the ...

Australia's whistleblowing regime far from best-practice

LAURA MILLAN  |  TUESDAY, 10 DEC 2013
Australia should amend the Corporations Act to improve a whistleblowing legal regime that is "patchy, limited and far from international best-practice." Griffith University professor and whistleblowing researcher A.J. Brown asked for improvements and ...

"People who complain are gotten rid of": ASIC

LAURA MILLAN  |  MONDAY, 9 DEC 2013
A submission to the Senate inquiry into the regulator's performance provides yet another testimony of a culture of "cronyism and favouritism" which includes threats and harassment of employees. The testimony comes from a former employee of the Australian ...

Inquiry recommends MRRT and LISC be scrapped

MARK SMITH  |  TUESDAY, 3 DEC 2013
The low income superannuation contribution (LISC) looks set to be scrapped following the Senate Economics Legislation Committee's recommendation that the Minerals Resource Rent Tax (MRRT) and Other Measures Bill 2013 be passed. In its report to the ...

ASIC chair defends against media 'smear'

JAMES FERNYHOUGH  |  TUESDAY, 3 DEC 2013
The Australian Securities and Investments Commission (ASIC) chairman Greg Medcraft has released a YoutTube video defending ASIC's "good work" and criticising what he termed an attempt by the media to "smear our staff and culture." He said these media ...

Government to discuss alternative funding for LISC

MARK SMITH  |  THURSDAY, 28 NOV 2013
The government has indicated that it may be open to finding other sources of funding to prevent the scrapping of the low income superannuation contribution (LISC). Industry bodies including Industry Super Australia (ISA), the Association of Superannuation ...