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Showing 41 - 50 of 54 results for "Labor Senator"

Coalition secures PUP support on FoFA vote

LAURA MILLAN  |  THURSDAY, 2 OCT 2014
... Advice (FoFA) legislation after it secured the support from Palmer United Party (PUP) and other crossbench Senators. Labor Senator Sam Dastiary's attempt to disallow the government's proposed changes to the Future of Financial Advice (FoFA) failed for ...

Opposition wants to postpone vote on FoFA bill

LAURA MILLAN  |  TUESDAY, 23 SEP 2014
... Senators urge the government to withdraw these amendments and work to bridge the widening chasm between the two sides," Labor Senator Sam Dastyari said in a dissenting report of the Senate Economics Committee inquiry into the latest FoFA changes. Dastyari ...

Bipartisan Senate inquiry to grill financial services again

LAURA MILLAN  |  FRIDAY, 5 SEP 2014
Labor Senator Sam Dastyari has obtained the support from the Coalition to conduct a new Senate Economics Committee inquiry to scrutinise the financial services industry. The inquiry will continue the task of last year's Senate Economics Committee inquiry ...

FoFA legislative changes pass in the House of Reps

LAURA MILLAN  |  THURSDAY, 28 AUG 2014
... government's proposal. The government's proposed changes to FoFA will now have to be voted for in the Senate, where Labor Senator and chair of the Economics Committee Sam Dastyari will present today a motion to disallow the changes. As many as 82 members ...

Senate votes against disallowing FoFA amendments

LAURA MILLAN  |  TUESDAY, 15 JUL 2014
... government had succeeded in "removing unnecessary red tape that Labor imposed on the behest of the union movement." Labor Senator Sam Dastyari, who initially forced the vote, reacted strongly to the unexpected announcement. "The government has completely ...

Labor forces tabling of FoFA regulations

LAURA MILLAN  |  THURSDAY, 10 JUL 2014
... tabled the regulations of amendments to the Future of Financial Advice (FoFA) amendments yesterday in the Senate. Labor Senator Sam Dastyari presented an order for the production of the Corporations Amendment (Streamlining Future of Financial Advice) ...

CBA boss to be grilled on Senate report

AAP  |  THURSDAY, 3 JUL 2014
... forging of client signatures to facilitate profit-producing product switches. The committee's chairman, retiring Labor senator Mark Bishop, said CBA failed to open its books and fully identify the number of clients affected and those entitled to compensation. ...

FoFA changes designed to protect big players: opposition

LAURA MILLAN  |  TUESDAY, 17 JUN 2014
Labor, the Greens and Industry Super Australia (ISA) strongly opposed amendments to the Future of Financial Advice (FoFA) legislation on the grounds that changes "seem designed to protect the profits of larger financial services companies." Both Labor ...

ASIC admits wrongdoing in Senate hearing

LAURA MILLAN  |  FRIDAY, 11 APR 2014
... have acted earlier," senior executive leader Greg Kirk said. The hearing reached its most dramatic moments when Labor Senator Mark Bishop asked ASIC officials if they knew that CFP was "sanitising" or "doctoring" client files. During the morning, it ...

CBA promoted Nguyen to keep him away from clients

LAURA MILLAN  |  THURSDAY, 10 APR 2014
... He would supervise, but he would actually physically see fewer clients." This came in response to a question by Labor Senator Mark Bishop about Nguyen's promotion following an internal investigation that included accusations of alleged forgery and fraud. ...