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Showing 31 - 40 of 72 results for "Financial Services Minister"

O'Dwyer urges AFCA consultation

KARREN VERGARA  |  FRIDAY, 3 NOV 2017
The Revenue and Financial Services Minister today welcomed a consultation paper on the terms of reference, governance and funding arrangements for the Australian Financial Complaints Authority (AFCA). AFCA, expected to operate as of 1 July 2018, is ...

Broaden ASIC banning powers: Report

KARREN VERGARA  |  THURSDAY, 7 SEP 2017
... on the senior employees to prove they are being accountable for their actions. Federal Revenue and Financial Services Minister Kelly O'Dwyer welcomed the proposals, adding ASIC's increased powers is a 'game changer' in terms of accountability in financial ...

O'Dwyer names one-stop-shop dispute resolution lead

KARREN VERGARA  |  THURSDAY, 27 JUL 2017
... of three financial and superannuation dispute resolution bodies into a one-stop-shop. Revenue and Financial Services Minister Kelly O'Dwyer told the FSC Leaders Summit yesterday that Malcolm Edey will lead an operational transition team as chair to consolidate ...

Super tax reforms take effect

KARREN VERGARA  |  FRIDAY, 16 JUN 2017
... CGT relief and transition to retirement income streams have passed through Parliament. Revenue and Financial Services Minister Kelly O'Dwyer said the amendments under the Treasury Laws Amendment (2017 Measures No. 2) Bill will "improve the fairness ...

Budget undermining super: Labor

KARREN VERGARA  |  WEDNESDAY, 10 MAY 2017
... in assets, according to the Federal Opposition. Shadow Treasurer Chris Bowen and Shadow Revenue and Financial Services Minister Katy Gallagher said in a joint statement the Turnbull government is "encouraging a raid on superannuation savings." "The first ...

SG non-payment is an 'easy fix': ISA

KARREN VERGARA  |  TUESDAY, 2 MAY 2017
... penalty regimes, he said. "Both the senate committee and an inter-agency group established by the Financial Services Minister have been working on this for five months. The ducks should be lined up and ready to go," Linden said Based on 2013-14 tax office ...

Vision for the future

LINDA HAUSKEN  |  THURSDAY, 2 AUG 2012
Financial services minister Bill Shorten said that by 2017, the industry will be unrecognisable, predicting the age of commission-free super and greater convergence of retail and industry super funds. The minister said that within five years, the transition ...

AFA hits out at ISN over deal allegations

CLAIRE MCGREAL  |  THURSDAY, 22 MAR 2012
... is time for this kind of activity to end," said Richard Klipin, chief, AFA. Klipin maintained the Financial Services Minister now had a "golden opportunity" to finalise all remaining FOFA issues with "key stakeholders". "This is the only way to serve ...

Advisers urged to keep up pressure on FOFA change

CLAIRE MCGREAL  |  FRIDAY, 16 MAR 2012
... stage two looks like, post parliament sittings." While welcoming yesterday's announcement from the Financial Services Minister as a victory for "common sense", Hawke said they wouldn't be resting on their laurels. "If you have a cause that you believe ...

Mandatory FOFA start date confirmed for July 2013

CLAIRE MCGREAL  |  THURSDAY, 15 MAR 2012
... implement the FOFA reforms, with the mandatory industry wide start date confirmed as July 1, 2013. Financial Services Minister Bill Shorten announced the proposed FOFA changes will kick in from this July as originally planned, but will only be voluntary ...