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Showing 41 - 50 of 56 results for "PJC"

FOFA discontent rumbles on after PJC findings

CLAIRE MCGREAL  |  THURSDAY, 1 MAR 2012
... including an unchanged start date for this year. The Financial Services Council (FSC) slammed the Parliamentary Joint Committee (PJC) findings, maintaining the legislation would make financial advice costly, while "not allowing for an effective scaleable ...

ALP leadership issues will delay FOFA: Chikarovski

MELANIE TIMBRELL  |  WEDNESDAY, 22 FEB 2012
... when they go back to Parliament next week. Minister Shorten has already said that they won't debate it until at least the PJC has reported." "It's clear that the divisions within the Labor party are more than just two egos in place and trying to work ...

Conflict of interest still key issue: ASIC shadow shop

CLAIRE MCGREAL  |  TUESDAY, 21 FEB 2012
... how it might be applied". Sanders also maintained the number of submissions received by the Parliamentary Joint Committee (PJC) reflected the ambiguity surrounding the legislation. "I think the general noise...in relation to the 73 submissions to the ...

APRA MySuper changes burden for industry

MELANIE TIMBRELL  |  MONDAY, 6 FEB 2012
... authorisations for each tailored product that is offered for a different employer. The Financial Services Council, in its PJC submission of December 23, believes that, "where the trustee is meeting its licence conditions and statutory obligations, it ...

FOFA debate due after PJC report: Shorten

CLAIRE MCGREAL  |  MONDAY, 6 FEB 2012
... would be debated in parliament during the week 13- 16 February, nearly two weeks before the Parliamentary Joint Committee (PJC) is due to report on February 29. In a statement, Cormann accused Shorten of treating parliament "with contempt" for not allowing ...

Annual fee collation too complex: FPA to PJC

MELANIE TIMBRELL  |  TUESDAY, 24 JAN 2012
Chair of the Parliamentary Joint Committee on Corporations and Financial Services Bernie Ripoll has grilled the Financial Planning Association over claims the proposed annual Fee Disclosure Statement (FDS) as part of FOFA is unnecessary. Speaking at ...

PJC concedes FOFA amendment may be warranted

MELANIE TIMBRELL  |  TUESDAY, 24 JAN 2012
Insurance advice issued inside and outside superannuation needs to be treated the same, the Parliamentary Joint Committee on Corporations and Financial Services heard today. While the majority of super funds provide general advice, where individuals ...

FOFA moderate and reasonable: ISN

CLAIRE MCGREAL  |  TUESDAY, 24 JAN 2012
... in the coming years once the changes trickled down to back office staff. But speaking at the Parliamentary Joint Committee (PJC) hearing this morning, Whiteley refuted the figures, saying the ISN report on which it appeared the comments were based, has ...

PJC hears FOFA lost in translation

MELANIE TIMBRELL  |  MONDAY, 23 JAN 2012
... not appropriate and certainly at a philosophical level it's not appropriate," Klipin told the Parliamentary Joint Committee (PJC). While acknowledging the 20% figure of Australians that currently access financial advice was "unacceptably low," the AFA ...

Christmas deadline for FOFA clarity: ANZ

CLAIRE MCGREAL  |  WEDNESDAY, 7 DEC 2011
... through within weeks of the proposed July 2012 start date. In its recent submission to the Parliamentary Joint Committee (PJC), which is also reviewing the proposed legislation, the Association of Superannuation Funds of Australia (ASFA) called on the ...