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Showing 41 - 50 of 77 results for "Senate committee"

ASIC changes depend on the government: Medcraft

LAURA MILLAN  |  FRIDAY, 27 JUN 2014
... that's very clear from this inquiry," ASIC chair Peter Kell said. Regarding the record 61 recommendations that the Senate Committee has included in the report, the two ASIC officials said that they would be giving them "careful consideration" and added ...

Inquiry has Macquarie Private Wealth in its sights

MARK SMITH  |  FRIDAY, 27 JUN 2014
... surveillance" of the company in its recently released report. The organisation was referred to by name in one of the Senate Committee's 61 recommendations. The report has recommended that "ASIC undertakes intensive surveillance of other financial advice ...

Government plays down support for royal commission

JAMES FERNYHOUGH  |  FRIDAY, 27 JUN 2014
Initial comments from the government suggest it may be unwilling to consider the Senate Committee's recommendation that there be a royal commission into Commonwealth Bank of Australia (CBA). Prime Minister Tony Abbott said the government would "carefully ...

CBA apologies again, refutes reckless culture accusations

LAURA MILLAN  |  FRIDAY, 27 JUN 2014
... [Commonwealth Financial Planning] CFP and [Financial Wisdom] FWL. The Group has worked openly and transparently with the Senate Committee and ASIC throughout the inquiry." However, the bank's statement was questioned both by ASIC and the Committee during ...

Cormann ready to issue views on Senate FoFA report

LAURA MILLAN  |  WEDNESDAY, 18 JUN 2014
... legislation currently before Parliament." Cormann's move is the next step for the amended FoFA legislation after the Senate Committee issued yesterday the conclusions of its inquiry into the reforms to the financial advice law proposed by the government. ...

Senate report supportive of government FoFA reforms

LAURA MILLAN  |  TUESDAY, 17 JUN 2014
... Greens will be opposing it. "It is interesting to know that [independent Senator] Nick Xenophon, who is in the Senate Committee, is not opposing the report; or at least, there's nothing in the report that suggests that," Anderson said. The Committee ...

CBA does not address "sketchy" info allegations

LAURA MILLAN  |  THURSDAY, 29 MAY 2014
... committee on information requests. "We continue to co-operate with a request for additional information from the Senate Committee," CBA said. "CFPL is now a significantly transformed business," the bank reiterated, and added that "communication to customers ...

Senate Committee forced to delay tabling of ASIC report

LAURA MILLAN  |  WEDNESDAY, 28 MAY 2014
A significant late communication from Commonwealth Bank has forced the Senate Economics Committee to delay the tabling of the report into the Australian Securities and Investments Commission (ASIC). The committee's chair Mark Bishop said on Twitter ...

FPA and AFA unite: stop commissions on general advice

LAURA MILLAN  |  THURSDAY, 22 MAY 2014
... advice from the ban on commissions was "an anomaly that could have been fixed." The proposed amendments that the Senate committee is debating limit the circumstances in which commissions in general advice can be received. However, the FPA asked that ...

Market wrap AM

AAP  |  FRIDAY, 14 MAR 2014
... Development of Australia (CEDA) lunch in Perth. In equities news, Qantas chief executive Alan Joyce appears at a Senate committee hearing into the airline's future while Rio Tinto is expected to publish its annual report. In Australia, the market on ...