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Showing 41 - 50 of 74 results for %22Senate Economics Legislation Committee%22

Cormann tables adviser register to "weed out bad apples"

LAURA MILLAN  |  THURSDAY, 17 JUL 2014
... Financial Advice (FoFA) legislation. Cormann also noted that the initiative follows recommendation 44 of the Senate Economics Committee inquiry into the performance of the Australian Securities and Investment Commission (ASIC). "Our goal remains to ensure ...

Senate report, a turning point for advice industry

LAURA MILLAN  |  THURSDAY, 26 JUN 2014
The financial services industry is at a turning point after the Senate Economics Committee report stressed the need for dramatic changes in the way the advice sector operates. The Financial Planning Association (FPA) said that "Australia's complex financial ...

Ripoll labels Cormann's FoFA changes "a stunt"

LAURA MILLAN  |  FRIDAY, 20 JUN 2014
... stunt. Commissions have already been banned," Ripoll tweeted shortly after Cormann released a response to the Senate Economics Committee report on the government's proposed changes to the Future of Financial Advice (FoFA) law. Ripoll, who conducted the ...

Advisers applaud "historic" ban on commissions

LAURA MILLAN  |  FRIDAY, 20 JUN 2014
... Rantall said. Rantall spoke shortly after Minister for Finance Mathias Cormann issued a response statement to the Senate Economics Committee report on the government's proposed changes to FoFA. "It is a historic day: commissions have been banned in Australia ...

Government to pass most FoFA changes through regulation

LAURA MILLAN  |  FRIDAY, 20 JUN 2014
... the Greens strong opposition to the amendments. Minister for Finance Mathias Cormann issued a response to the Senate Economics Committee report about the government's proposed amendments to FoFA. "The government's changes to FoFA will be implemented ...

SPAA voices concern over conflicted remuneration

LAURA MILLAN  |  THURSDAY, 19 JUN 2014
The SMSF Professionals' Association of Australia (SPAA) expressed concern at the Senate Economics Committee decision to back the government's amendments to the Future of Financial Advice (FoFA) law on conflicted remuneration. The organisation also said ...

Cormann ready to issue views on Senate FoFA report

LAURA MILLAN  |  WEDNESDAY, 18 JUN 2014
Minister of Finance Mathias Cormann is ready to issue a response to the Senate Economics Committee report on the Future of Financial Advice (FoFA) reform. A spokesperson for the Minister confirmed to Financial Standard that "the government will announce ...

Xenophon rejects Senate FoFA report

LAURA MILLAN  |  WEDNESDAY, 18 JUN 2014
Independent Senator Nick Xenophon has confirmed that does not support the Senate Economics Committee report on the Future of Financial Advice (FoFA) reform. Xenophon said via his Twitter account that he does not support "the government's FoFA repeal ...

FoFA changes designed to protect big players: opposition

LAURA MILLAN  |  TUESDAY, 17 JUN 2014
... services companies." Both Labor and the Greens tabled dissenting reports to the Parliament yesterday, as the Senate Economics Committee presented the conclusions to its inquiry into the Coalition's proposed FoFA amendments. Labor recommended that the ...

Senate report supportive of government FoFA reforms

LAURA MILLAN  |  TUESDAY, 17 JUN 2014
The Senate Economics Committee has shown broad support of the Coalition's proposed amendments to the Future of Financial Advice (FoFA) law, although it suggested some changes. The Committee made public the conclusions of the Senate inquiry into the ...