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Showing 31 - 40 of 842 results for "Senate"

Government scraps inquiry into advice firm failures, Dixon Advisory

JAMIE WILLIAMSON | FRIDAY, 29 AUG 2025

... impact on the Compensation Scheme of Last Resort (CSLR). In September 2024, the government referred the inquiry to the Senate Economics References Committee, asking it to look at the reasons behind wealth management firms' collapse, the implications ...

FAAA fights to reignite Dixon inquiry

MATTHEW WAI | THURSDAY, 24 JUL 2025

Although the Senate Committee Inquiry into Dixon Advisory was expected to lapse due to the election, the Financial Advice Association of Australia (FAAA) is shedding light on the possibility of resuming the process. FAAA general manager of policy, advocacy ...

Super funds given reprieve from Trump's 'Big Beautiful Bill'

ELIZA BAVIN | FRIDAY, 27 JUN 2025

... G7 countries that defends American interests," Bessent said. "Based on this progress and understanding, I have asked the Senate and House to remove the Section 899 protective measure from consideration in the One, Big, Beautiful Bill." Treasurer Jim ...

Large penalties against super funds are appropriate: ASIC

ELIZA BAVIN | THURSDAY, 29 MAY 2025

... for members. At the time, ASIC was entitled to seek a significantly higher penalty of $140 million. ASIC later told the Senate Economics Committee it did not seek a higher penalty, in part, because there is law prohibiting penalties being paid directly ...

Reducing super tax cap to $2m 'a concern': FAAA

ELIZA BAVIN | FRIDAY, 9 MAY 2025

... reduced to $2 million if the Greens get their way. "It will be the Greens, most likely, that Labor will negotiate with in the Senate, and they have asked for further changes. They've looked for the threshold to be reduced to $2 million from $3 million," ...

What Labor's second term means for regulators

KARREN VERGARA | TUESDAY, 6 MAY 2025

... in a statement to Financial Standard, adding that "we will need to wait for the parliament to return to re-instate the Senate inquiry." The Senate, however, may not sit again until July or August. "There's a range of other things that consultation ...

Private capital, active ETFs to continue shake up of financial services: Deloitte

KARREN VERGARA | MONDAY, 28 APR 2025

... stablecoins and accelerate banks' adoption of stablecoin-based payment solutions," Deloitte said. Last month, the US Senate Banking Committee passed the Guiding and Establishing National Innovation for US Stablecoins Act of 2025 or GENIUS Act, which ...

Div 296 must proceed to strengthen 'fairness' in superannuation: ASFA

MATTHEW WAI | THURSDAY, 17 APR 2025

... Summit today, labelling the tax on unrealised gains a "very bad policy". "I have worked across the parliament, with the Senate, particularly on the unrealised gains tax to make the case for how much damage it would do," Spender said. "And so far, so ...

New SEC chair affirmed, FCA chief reappointed

MATTHEW WAI | FRIDAY, 11 APR 2025

The US Senate has voted 52 to 44 for the appointment of the next chair of the Securities and Exchange Commission (SEC). Meanwhile, the UK's Financial Conduct Authority (FCA) has reappointed its chief executive. Patomak Global Partners chief executive ...

Jones clarifies scope of new class of adviser

ANDREW MCKEAN | FRIDAY, 28 MAR 2025

... We're not trying to have a backstop, de facto capital, stable investment product that the scheme guarantees,'" he said. The Senate Economics Committee Inquiry into Wealth Management Companies (CSLR and Dixon Advisory) has been deferred from March 27 ...

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Australian Unity to shed 195 roles

MATTHEW WAI

Australian Unity is reducing its workforce by 195 positions due to underperformance stemming from delays in government support for its Home Health platform and the integration of several businesses.

Count shutters limited-advice business, slips in size ranking

MATTHEW WAI

Count Financial has reportedly wound up its restricted SMSF/limited-advice service, losing some 26 advisers on the Financial Adviser Register, latest data shows.

First Super recruits head of investments from Prime Super

MATTHEW WAI

First Super has appointed a new head of investments, replacing Chris Artis, who was in the position for the past three months on an interim basis.

BMO eyes Euroz Hartleys' capital markets business

KARREN VERGARA

Euroz Hartleys confirmed it is in discussions with Canada's BMO Financial Group for a potential sale of its capital markets business for $145 million.

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