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Showing 41 - 50 of 263 results for %22House Economics Committee%22

ASIC slammed over SMSF data

ANNABELLE DICKSON  |  WEDNESDAY, 5 AUG 2020
... showing the median operating expense of SMSFs is $3923 a year and the average at $6152. Chair of the House Economics Committee Tim Wilson said the data released by ASIC was deeply questionable and, as a result, false and misleading. "The challenge I ...

Lazard dumps AMP shares

ELIZABETH MCARTHUR  |  TUESDAY, 4 AUG 2020
... downgraded AMP Limited's credit rating and AMP chief executive Francesco De Ferrari was questioned, with some hostility, by the House of Representative Standing Committee on Economics. Labor MP Andrew Leigh noted during the committee hearing that AMP's ...

NULIS calls for clearer regulatory definitions

ELIZA BAVIN  |  FRIDAY, 24 JUL 2020
... offering, but requires more concise regulatory definitions before it can proceed. In a written response submitted to the House of Representatives Standing Committee on Economics, the MLC Super trustee said it needs regulators to differentiate advice ...

Chief economist update: Not easy easing restrictions

BENJAMIN ONG  |  TUESDAY, 14 JUL 2020
... expected." This was what US Federal Reserve chair Jerome Powell declared before the Committee on Financial Services of the House of Representatives two weeks ago (30 June). True that..."resumption of economic activity". The Institute for Supply Management ...

AMP should stop whining: Slater and Gordon

ELIZABETH MCARTHUR  |  THURSDAY, 2 JUL 2020
... "arrogant" and accused its chief executive of having an agenda to make class actions more difficult. Appearing before the House of Representatives Standing Committee on Economics on Tuesday, De Ferrari was asked how many class actions AMP was currently ...

AMP approved product list under fire

ELIZABETH MCARTHUR  |  WEDNESDAY, 1 JUL 2020
The approved product lists AMP financial advisers are beholden to have come under fire from the House of Representatives Standing Committee on Economics. Labor MP Andrew Leigh questioned AMP chief executive Francesco De Ferrari on how the institution ...

AFA, FPA share bleak view of industry

ELIZABETH MCARTHUR  |  TUESDAY, 30 JUN 2020
The Association of Financial Advisers and Financial Planning Association of Australia have appeared before the House of Representatives Standing Committee on Economics, sharing austere views of the financial advice industry. AFA general manager, policy ...

Chief economist update: Extraordinarily uncertain outlook

BENJAMIN ONG  |  TUESDAY, 30 JUN 2020
... damage to our economy." This is what Powell stated in his prepared remarks before the Committee on Financial Services if the House of Representatives. However, Powell also warned that: "While this bounceback in economic activity is welcome, it also presents ...

ISA plays devil's advocate on SG

HARRISON WORLEY  |  MONDAY, 15 JUN 2020
... in some part by workers, with employers taking the rest of the impact. The research, submitted to the Tim Wilson-chaired House of Representatives Standing Committee on Economics, attempted to put an end to the arguments of ISA's adversaries in the ...

Asgard, Future Super shamed on ERS

ELIZABETH MCARTHUR  |  THURSDAY, 4 JUN 2020
At a hearing of the House of Representatives Standing Committee on Economics that was supposed to focus on ME Bank's recent troubles, the super funds performing poorly in terms of early release copped surprise criticism. APRA had advised that early ...