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Showing 31 - 40 of 489 results for "Assistant treasurer"

Financial services minister Stephen Jones to retire from politics

ANDREW MCKEAN  |  THURSDAY, 30 JAN 2025
Labor frontbencher, assistant treasurer and minister for financial services Stephen Jones is retiring from politics and will not contest the upcoming federal election. Jones spent 15 years as the member for Whitlam - covering Illawarra and the Southern ...

Minimum service standards for super funds welcomed

ELIZA BAVIN  |  WEDNESDAY, 29 JAN 2025
Treasurer Jim Chalmers and Assistant Treasurer Stephen Jones announced new mandatory minimum service standards for all large APRA-regulated superannuation funds. Chalmers said the reforms will improve member outcomes and how funds engage with their ...

Crypto operator to fork out millions after court ruling

ANDREW MCKEAN  |  FRIDAY, 13 DEC 2024
... to engaging constructively with policymakers and regulators as these rules are developed. Yesterday, shadow assistant treasurer Luke Howarth said inaction on crypto is putting consumers at risk and holding back blockchain investment and innovation in ...

Treasury reappoints 24 members to FSCP

ELIZA BAVIN  |  MONDAY, 9 DEC 2024
... experience available to the FSCP, to help ensure that key sectors of our economy are regulated effectively," Assistant Treasurer Stephen Jones said. The Financial Sector Reform (Hayne Royal Commission Response - Better Advice) Act 2021 established the ...

Super funds should focus on 'simple' advice: Jones

ELIZA BAVIN  |  FRIDAY, 6 DEC 2024
Assistant Treasurer Stephen Jones said the purpose of Tranche 2 of Delivering Better Financial Outcomes (DBFO)- which was previewed earlier this week - is to allow super funds to provide basic financial advice, not to see a repeat of issues raised during ...

'New class of advisers' need clear-cut distinction: FAAA

KARREN VERGARA  |  THURSDAY, 28 NOV 2024
... executive Sarah Abood proposed some ground rules around the advice NCAs should and should not be able to provide. Assistant treasurer Stephen Jones first called them "Qualified Advisers", much to the criticism of the industry and later assured this was ...

Jones preps DBFO Tranche 2 for parliament

KARREN VERGARA  |  WEDNESDAY, 30 OCT 2024
Assistant treasurer Stephen Jones said the government will press on with Tranche 2 of the Delivering Better Financial Outcomes (DBFO) reforms that he is preparing to introduce in parliament. The highly anticipated set of changes promise to remove laborious ...

Government consults on laxing legacy super product rules

ANDREW MCKEAN  |  WEDNESDAY, 18 SEP 2024
... income streams in terms of valuation and payments setting, according to an explanatory statement issued by assistant treasurer and minister for financial services Stephen Jones. "Although market-linked income streams have similarities to account-based ...

Cbus' CFMEU board directors exit

ANDREW MCKEAN  |  FRIDAY, 30 AUG 2024
... the CFMEU on the Cbus board. However, there is no word yet on who'll step into the vacant positions. Shadow assistant treasurer Luke Howarth told Financial Standard that he welcomed the cleanout of the Cbus board. "The CFMEU officials on Cbus' board ...

APRA reprimands Cbus, BUSSQ over governance issues

ANDREW MCKEAN  |  WEDNESDAY, 14 AUG 2024
... by governments, regulators, and union organisations to eradicate such criminal behaviour," he added. Shadow assistant treasurer Luke Howarth told Financial Standard that it's positive to see the regulator take action to look closely at the fitness ...