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Showing 41 - 50 of 761 results for "Senate"

US Senate passes $1tn Inflation Reduction Act

ANDREW MCKEAN  |  MONDAY, 8 AUG 2022
The US Senate has passed the Democrats' $1.07 trillion bill which aims to tackle inflation by lowering the deficit and everyday expenses for working families. Following the Senate Passage of the Inflation Reduction Act, President Joe Biden said: "I ...

Systemic disadvantages create retirement insecurity: HESTA

ANDREW MCKEAN  |  WEDNESDAY, 8 JUN 2022
... financial outcomes for investors, resulting in stronger returns for our members." Last month, the industry fund made a senate submission into the Australian application of the UNDRIP, outlining the risks and implications for investors when the rights ...

Fossil fuel divestment bill passes California Senate

JAMIE WILLIAMSON  |  FRIDAY, 27 MAY 2022
The California Senate passed a bill overnight prohibiting the United States' two largest public pension funds from investing in the world's top 200 fossil fuel companies and require them to divest any existing holdings by 2030. The California ...

Liberals should liberate Australians from super: Bragg

ANDREW MCKEAN  |  THURSDAY, 26 MAY 2022
... off the pension; it costs the budget more than it saves and it reduces agency and individual choices." Since his maiden senate speech Bragg has advocated for structural superannuation reform. "I want to spend my energies on the two principal economic ...

Senator Bragg defends domestic crypto ETFs

ANDREW MCKEAN  |  THURSDAY, 5 MAY 2022
... championed cryptocurrency and campaigned for Australia to become a leader in digital assets. Pertinently he's chaired the senate committee on Australia as a technology and financial centre and will implement its recommendations which treasurer Josh Frydenberg ...

ISA uncovers disgraceful regional gender super gap

ANDREW MCKEAN  |  THURSDAY, 14 APR 2022
... women spend 12 years less in the full-time workforce than men which has a dramatic impact on their super balance. A 2016 Senate report also exposed that one in three women retire with no super balance at all. On the current inequalities, Brumby concluded ...

APRA 'digging into' super fund contributions to unions

ANDREW MCKEAN  |  WEDNESDAY, 13 APR 2022
After questioning from Senator Andrew Bragg at Senate estimates, prudential regulator APRA shared it has done some preliminary investigations about payments to unions. Bragg has claimed that superannuation which should be for workers has turned into ...

CalPERS, CalSTRS face fossil fuels ban

JAMIE WILLIAMSON  |  MONDAY, 21 FEB 2022
... new bill. The Fossil Fuel Divestment Bill to advance California Climate Goals was introduced into the California state Senate last week by Senator Lena A. Gonzalez. If passed, the legislation will force the California Public Employees' Retirement System ...

CSLR will not fully protect investors

KARREN VERGARA  |  WEDNESDAY, 16 FEB 2022
... Compensation Scheme of Last Resort regime closer to passing, there are fears it will fall short of protecting consumers. The Senate Economics Legislation Committee released a summary of the proposed bill, with input from industry stakeholders, who largely ...

ASIC considering more action on Sterling collapse

KARREN VERGARA  |  MONDAY, 14 FEB 2022
... Corporate regulator ASIC is being urged to take more action with respect to the collapse of the Sterling Income Trust. A senate committee that recently handed down its final report in its inquiry into the collapse of the Sterling Income Trust is urging ...