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Showing 561 - 570 of 2542 results for "Minister"

Trillion dollar stimulus debt debated

ELIZABETH MCARTHUR  |  WEDNESDAY, 8 APR 2020
... employer. "Yesterday afternoon 700,000 businesses had registered for this support and this number continues to grow," Prime Minister Scott Morrison said. "This is the greatest economic crisis to effect the world in many generations," Morrison said. "We ...

Stimulus is finite: Prime Minister

ELIZABETH MCARTHUR  |  TUESDAY, 7 APR 2020
... six month timeframe. Asked at a press conference how the modelling was helping with the economic response plan, Prime Minister Scott Morrison explained economic decisions have been made with modelling of the medical crisis in mind. "There are two parts ...

No exclusions for frontline workers

ELIZA BAVIN  |  TUESDAY, 7 APR 2020
... application for cover, charge a higher premium or apply a COVID-19 pandemic risk exclusion," the FSC said. Assistant minister for superannuation, financial services and financial technology, Senator Jane Hume, welcomed the announcement. "Our frontline ...

Super funds face penalties over early release failures

ELIZABETH MCARTHUR  |  TUESDAY, 7 APR 2020
... COVID-19 that 360,000 registered with the Australian Tax Office to access their super early in just three days. Finance Minister Mathias Cormann was asked on ABC News Breakfast whether he was worried that 360,000 people were already trying to access ...

Time to step up or face the music

ALLY SELBY  |  THURSDAY, 2 APR 2020
... claims to managing investment portfolios, almost all aspects of a super fund's operations will be impacted." Prime Minister Scott Morrison's plan to allow Australians impacted by COVID-19 to access up to $20,000 from their super fund, among other ...

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 ...