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Showing 31 - 40 of 170 results for "Economics Committee"

Wayne Swan joins AIST board

CHLOE WALKER  |  FRIDAY, 22 APR 2022
... Australian economy during the global financial crisis as treasurer," Scheerlinck said. "As chair of the Caucus Economics Committee in 1993 he participated in the development and legislating of the Superannuation Guarantee (SG) and, as treasurer from ...

Rainy day funds probed

ELIZABETH MCARTHUR  |  FRIDAY, 11 FEB 2022
MP Jason Falinski spent the most recent House Economics Committee hearing probing the implications of super funds creating "rainy day funds" to pay for possible fines and sanctions. At the beginning of the hearing, Falinski asked University of NSW professor ...

Hostplus hits members with new fee

ELIZABETH MCARTHUR  |  THURSDAY, 10 FEB 2022
... general reserve to a new Trustee Resilience Reserve held by the trustee on 22 December 2021. Today, the House Economics Committee heard that profit-to-member funds are likely to use a range of methods to raise the required reserves. Professor Scott Donald ...

Economics Committee to examine rainy day funds

CHLOE WALKER  |  TUESDAY, 8 FEB 2022
The House Economics Committee is going to examine the rainy day funds created by superannuation funds following recent amendments made to the Superannuation Industry (Supervision) Act 1993. The hearing, scheduled for February 10, is part of the committee's ...

Big super locking Aussies out of homes: Wilson

ELIZA BAVIN  |  FRIDAY, 19 FEB 2021
Industry Super Australia says recent comments by Liberal MP Tim Wilson that "big super" is locking young Aussies out of the housing market are "scary". Wilson said the fact that first home buyers are unable to access their retirement savings to go towards ...

Super funds to face parliamentary grilling

ELIZA BAVIN  |  WEDNESDAY, 9 SEP 2020
... comes after the committee called on the four big banks to discuss their response to the COVID-19 crisis. "The Economics Committee and I are keen to discuss the banks' response to the pandemic with the benefit of hindsight and bring forward new issues ...

Banks to be questioned on COVID-19 response

ELIZA BAVIN  |  WEDNESDAY, 2 SEP 2020
The big four banks are set to face the House of Representatives Economics Committee to discuss their response to the COVID-19 pandemic. Committee chair Tim Wilson said the hearings are part of the parliament's role in publicly scrutinising and holding ...

Chief economist update: Gone fishing

BENJAMIN ONG  |  MONDAY, 24 AUG 2020
... bonds at just 1.75% -- accounting for inflation, that's practically free money. But as the Chair of the Economics Committee Tim Wilson asked: "Is one of the core reasons we have been able to cushion the economic impact that we have had fiscal space ...

ASIC slammed over SMSF data

ANNABELLE DICKSON  |  WEDNESDAY, 5 AUG 2020
... showing the median operating expense of SMSFs is $3923 a year and the average at $6152. Chair of the House Economics Committee Tim Wilson said the data released by ASIC was deeply questionable and, as a result, false and misleading. "The challenge I ...

IFM adds to leadership

HARRISON WORLEY  |  FRIDAY, 19 JUN 2020
... conflict of interest within its business and the demand for an APRA investigation into industry funds by Standing Economics Committee chair Tim Wilson. In a letter to Wilson, IFM Investors chair Greg Combet asked for a wider investigation spanning retail ...