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Showing 31 - 40 of 2316 results for %22Federal Government%22

Treasury names new ASIC commissioners

KARREN VERGARA  |  FRIDAY, 25 AUG 2023
The federal treasurer has named three new commissioners who will spearhead ASIC for the next five years, as incumbents Danielle Press, Sean Hughes and Karen Chester wrap up their terms. CHOICE chief executive Alan Kirkland, Commonwealth Bank chief risk ...

IGR to spark fresh retirement income consultation

CASSANDRA BALDINI  |  FRIDAY, 25 AUG 2023
... by 2060, ensuring superannuation is primarily used up as income for retirement and supporting the sustainability of the federal budget." Meanwhile, Industry Super Australia (ISA) commissioned analysis by Rice Warner, which revealed that replacing superannuation ...

Super funds lobby for super tax reform

KARREN VERGARA  |  WEDNESDAY, 16 AUG 2023
Twelve industry super funds have called on the federal government to urgently reform a superannuation tax offset to prevent low-income workers from being penalised. The group of funds, which include Aware Super, Cbus, HESTA, and AustralianSuper, together ...

ASIC looking to send message with eToro action

CASSANDRA BALDINI  |  WEDNESDAY, 9 AUG 2023
... volatile investment products." "ASIC has long had concerns about these products, which were infamously described by one Federal Court judge as 'financial heroin hits," she said. "We consider, and the court in that case considered, CFDs to be little more ...

Treasury consults again on FFSP exemptions

JAMIE WILLIAMSON  |  TUESDAY, 8 AUG 2023
... Bill 2022 which was tabled in February last year, after plans to reintroduce the exemptions were announced in the 2021 federal budget. Had the measures passed, they were due to be introduced in April this year. Consultation is open until September 8. ...

Government cracks down following PwC scandal

CASSANDRA BALDINI  |  TUESDAY, 8 AUG 2023
... (ATO) to apply to advisers and firms who promote tax avoidance. It will also increase the time limit for the ATO to bring Federal Court proceedings on promoter penalties from four years to six years after the conduct occurred. Further, it explained limitations ...

Treasury kicks off managed investment scheme reforms

KARREN VERGARA  |  TUESDAY, 8 AUG 2023
... schemes that hold real property, the fact that they are subject to dual jurisdictions should be reviewed. The federal government has responsibility for regulating financial products while states and territories are responsible for real property. "The ...

Banking sector fears propel family offices towards metals

CHLOE WALKER  |  FRIDAY, 4 AUG 2023
... the banking sector, with 80% pointing to such worries. According to the report, 70% of respondents believe that the US Federal Reserve will pause rate hikes, and an equal number consider gold an excellent hedge against general market volatility. Approximately ...

Mayfair 101 calls for senate inquiry into ASIC

JAMIE WILLIAMSON  |  WEDNESDAY, 2 AUG 2023
... is typically the case with ASIC investigations. The case against Mawhinney and Mayfair 101 is set to be reheard in the Federal Court of Victoria following a decision by the High Court last year. Separately, Mawhinney is suing ASIC and deputy chair Sarah ...

Fitch downgrades US credit rating

ANDREW MCKEAN  |  WEDNESDAY, 2 AUG 2023
... government deficit to rise to 6.3% of GDP in 2023, from 3.7% in 2022. The ratings agency said this reflected cyclically weaker federal revenues, new spending initiatives and a higher interest burden. It doesn't foresee any substantive fiscal consolidation ...