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Showing 501 - 510 of 750 results for "Senate 67"

Law firm questions CBA compensation for Nguyen victims

LAURA MILLAN  |  WEDNESDAY, 30 OCT 2013
Law firm Maurice Blackburn has questioned Commonwealth Bank's compensation to clients affected by inappropriate advice within the bank's financial planning unit given by adviser Don Nguyen. In a submission to the Senate inquiry on the performance of ...

Problem is weak credit law, not us: ASIC

LAURA MILLAN  |  FRIDAY, 25 OCT 2013
The Australian Securities and Investment Commission (ASIC) claimed that it had limited jurisdiction over the credit industry in its final submission to the Senate inquiry. In its final submission, ASIC focused on the reforms to the credit industry and ...

La Trobe calls to end home loan risk fees

MARK SMITH  |  TUESDAY, 22 OCT 2013
Risk fees charged by some non-bank lenders on home loans offer no benefits to consumers and should be stopped, according to La Trobe Financial chief executive Greg O'Neill. Risk fees, or equalisation fees as they are sometimes known, appeared as an ...

ASIC acted only when claims hit "tsunami level"

LAURA MILLAN  |  MONDAY, 21 OCT 2013
A former employee of the Australian Securities and Investments Commission (ASIC) has condemned the fact that the regulator acted only when the volume of complaints "reached tsunami level." In a submission to the Senate inquiry on ASIC's performance ...

Market Wrap

AAP  |  THURSDAY, 17 OCT 2013
Australian shares are half a per cent higher after the US Congress appeared ready to raise the debt ceiling. The big banks all gained but the big miners slipped after the US House of Representatives and Senate looked poised to confirm a budget deal ...

Grandfathering pushes self-licensing

LAURA MILLAN  |  THURSDAY, 17 OCT 2013
Uncertainty around the grandfathering provision of the Future of Financial Advice (FoFA) regulations has made a self-license more appealing for advisers looking to leave their dealer group. "Lots of licensees have restrictions in place that might not ...

Last minute deal

BENJAMIN ONG  |  THURSDAY, 17 OCT 2013
Stop the clock! A deal has been forged in Washington! Yes Virginia, it again played out as scripted - after so much grandstanding, with both sides holding their ground and a lotta hullabaloos...an agreement was struck...at the last minute. Were it not ...

Market Wrap AM

AAP  |  THURSDAY, 17 OCT 2013
The Australian market looks set to open higher after US Senate leaders reached a deal for a temporary budget and to extend the debt ceiling, ending the government shutdowm. At 0826 AEDT on Thursday, the December share price index futures contract was ...

Time to be fearful?

BENJAMIN ONG  |  WEDNESDAY, 16 OCT 2013
... a democracy and it's the gerrymandered majority that rules. While the Big O's Democratic Party has the numbers in the Senate - 52 against the GOP's 46 (and 2 Independents) - he's short of yes men in the House of Representatives - 200 to the GOP's 232 ...

Obama expected to pick Yellen as US Fed chair

MARK SMITH  |  WEDNESDAY, 9 OCT 2013
US President Barack Obama will nominate Federal Reserve vice-chair Janet Yellen to be the next head of the US central bank, White House officials have said. If confirmed by the Democrat controlled US Senate, Yellen would become the first woman to hold ...