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Showing 561 - 570 of 2537 results for "Minister"

Hume calls for diversity in super fund mergers

HARRISON WORLEY  |  TUESDAY, 31 MAR 2020
... emulate the likes of AustralianSuper and Sunsuper. In an address to the AFR Banking and Wealth Summit yesterday, Assistant Minister for Superannuation, Financial Services and Financial Technology Senator Jane Hume said the COVID-19 crisis was rapidly ...

ATO to verify early release requests

ELIZA BAVIN  |  TUESDAY, 31 MAR 2020
... confirmed the Australian Taxation Office will be responsible for verifying early release super requests. Hume, the assistant minister for superannuation, financial services and financial technology, told the AFR Wealth Summit the ATO will take on the ...

Chief economist update: Great Scott! Mighty Mo to the rescue

BENJAMIN ONG  |  TUESDAY, 31 MAR 2020
... to save the splintering of the single currency region from splintering due to the "Grexit" contagion. Australian Prime Minister Scott Morrison may have been just politicking when he announced several bushfire recovery measures - topped by a A$2 billion ...

Extraordinary stimulus provides wage subsidy

ELIZABETH MCARTHUR  |  MONDAY, 30 MAR 2020
Prime Minister Scott Morrison today announced $130 billion of spending over the next six months to support the livelihoods of Australians who lose their jobs and income as a result of COVID-19. The government anticipates as many as six million Australians ...

The week that was

JAMIE WILLIAMSON  |  FRIDAY, 27 MAR 2020
This week the world gained some clarity as to the true scale of the impact COVID-19 is likely to have which, in turn, made clearer the challenges the financial services industry will face in combating the pandemic's effects. However, greater uncertainty ...

Chief economist update: The cheaper alternative

BENJAMIN ONG  |  WEDNESDAY, 25 MAR 2020
... But unlike the UK, the Australian government is heading into an utter lockdown earlier than the Motherland. UK Prime Minister Boris Johnson announced "draconian" social isolation measures only yesterday (March 24) at the same time that ScoMo's implementing ...

Positives from the pandemic for advisers

ELIZABETH MCARTHUR  |  TUESDAY, 24 MAR 2020
... acknowledging that the current government and the FASEA organisation they created have gone too far," Johnson said. "Shadow Minister for Financial Services Stephen Jones has been vocal on this matter and Liberal Bert van Manen and Senator Amanda Stoker ...

Calls for super release to borrow from RBA

ALLY SELBY  |  TUESDAY, 24 MAR 2020
... funds from the Reserve Bank of Australia rather than superannuation funds. It comes as the industry responds to Prime Minister Scott Morrison's proposal to allow Australians financially impacted by the coronavirus to withdraw up to $20,000 over the ...

Recovery expected in 2021: IMF

ELIZA BAVIN  |  TUESDAY, 24 MAR 2020
Although the outlook for 2020 looks bleak, recovery is on the cards for 2021, according to IMF managing director Kristalina Georgieva. Following a conference call of G20 finance ministers and Central Bank governors Georgieva said that while the human ...

Chief economist update: Lock us down Scotty!

BENJAMIN ONG  |  TUESDAY, 24 MAR 2020
... and increased demand - and Houston, we definitely have a growing problem. China's total lockdown worked. UK Prime Minister Boris Johnson has now implemented his own version. Australia needs to nip the virus in the bud and lock us down before infections ...