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Showing 31 - 40 of 703 results for "Senator"

E&P Financial Group seeks to delist

KARREN VERGARA  |  TUESDAY, 24 SEP 2024
... which will provide a report by the last sitting day of March 2025. The committee is taking submissions until November 1. Senator Pauline Hanson secured the motion to investigate how Dixon Advisory escaped unscathed from providing conflicted advice relating ...

Hanson backs Dixon Advisory inquiry

KARREN VERGARA  |  WEDNESDAY, 18 SEP 2024
... collapse of Dixon Advisory will soon launch after the Financial Advice Association Australia (FAAA) gained support from Senator Pauline Hanson in the senate yesterday. After pounding the pavement for months, the FAAA has successfully secured a motion ...

Superannuation objective legislation hits Senate floor

ANDREW MCKEAN  |  WEDNESDAY, 11 SEP 2024
The Senate will consider legislation to define an objective of superannuation. The Superannuation (Objective) Bill enshrines the goal to preserve savings to deliver income for a dignified retirement, alongside government support, in an equitable and ...

New bill seeks to block investments involving Cbus

ANDREW MCKEAN  |  THURSDAY, 22 AUG 2024
Liberal senator Andrew Bragg has introduced a bill to stop the Housing Australia Future Fund (HAFF) from investing in housing projects financed by Cbus. The bill would amend the Housing Australia Future Fund Act 2023 to include an additional limitation ...

CFMEU fallout stokes governance debate

ANDREW MCKEAN  |  MONDAY, 12 AUG 2024
... and growing their hard-fought for retirement savings is unwavering," the Cbus spokesperson said. Nevertheless, Liberal senator Andrew Bragg contends that the $85 billion industry fund "should move" to a majority of independent directors. Bragg said "the ...

ASIC to launch new criminal investigation team

ELIZA BAVIN  |  WEDNESDAY, 24 JUL 2024
... two individual bodies will provide a more coherent and consistent approach to corporate regulation and law enforcement," Senator Andrew Bragg said. "We have also recommended a suite of measures to improve governance and transparency. This includes a ...

AFCA caps Dixon claimants at 2773

KARREN VERGARA  |  FRIDAY, 12 JUL 2024
... said. Dixon's parent company E&P Financial Group settled the recent Shine Lawyers-led class action for $16 million. Senator Andrew Bragg has been highly critical of how ASIC has handled the Dixon matter. In 2021, ASIC settled to fine Dixon of $7.2 ...

Committee calls for 'sick agency' ASIC to be split in half

JAMIE WILLIAMSON  |  THURSDAY, 4 JUL 2024
... capacity and capability of ASIC to proportionately respond to reports of alleged misconduct. The inquiry, chaired by Liberal Senator Andrew Bragg, involved five public hearings and received 197 submissions. Handing down its report yesterday, the committee ...

Super account advice fees a sticking point for advice bill: Senate inquiry

KARREN VERGARA  |  FRIDAY, 21 JUN 2024
... how advice fees are deducted from superannuation fund accounts. The Senate Economics Legislation Committee, led by chair senator Jess Walsh, tabled its final report today. The bill, Treasury Laws Amendment (Delivering Better Financial Outcomes and Other ...

Coalition's housing policy could cut Commonwealth Rent Assistance costs

ANDREW MCKEAN  |  THURSDAY, 20 JUN 2024
Senator Andrew Bragg requested a costing analysis on savings in Commonwealth Rent Assistance (CRA) anticipated from the Coalition's proposed super for housing policy. This policy would allow individuals to withdraw up to $50,000, up to a maximum 40% ...