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Showing 591 - 600 of 844 results for "Senate"

Grandfathering uncertainty already affecting businesses

LAURA MILLAN  |  MONDAY, 22 JUL 2013
... be able to change," Prossor said. Industry bodies are already lobbying for a change in the current legislation after the Senate approved a 12 month extension for the implementation of some critical elements of the conflicted remuneration obligations ...

ASIC's powers heightened under FoFA

LAURA MILLAN  |  WEDNESDAY, 17 JUL 2013
... enforceable undertaking and there had to be significant breaches to cancel a licence," Bird said. Bird spoke weeks after the Senate started an inquiry on ASIC's performance. The inquiry was prompted by reports that ASIC had reacted slowly to information ...

A prince, a princess or a frog?

BENJAMIN ONG  |  WEDNESDAY, 17 JUL 2013
... Messiah's' every word for any nuances when he testifies before the House Financial Services Committee later today and the Senate Banking Committee the day after. Will Bernanke merely replay a tape of what he said last week? That, "The overall message ...

Storm claim unfair and baseless: CBA

LAURA MILLAN  |  MONDAY, 15 JUL 2013
... ASIC's slow reaction on investigating cases of misconduct within the Commonwealth Bank financial planning unit prompted a Senate inquiry into ASIC's performance. The inquiry will take a broad look at ASIC's behaviour and it is expected to look into the ...

Storm lawyers take ASIC and CBA to court over settlement

LAURA MILLAN  |  FRIDAY, 12 JUL 2013
... ASIC's slow reaction on investigating cases of misconduct within the Commonwealth Bank financial planning unit prompted a Senate inquiry into ASIC's performance. The inquiry will take a broad look at ASIC's behaviour and it is expected to look into the ...

Industry welcomes grandfathering extension

LAURA MILLAN  |  WEDNESDAY, 3 JUL 2013
The Association of Financial Advisers (AFA) has welcomed the Senate approval of the grandfathering regulation, one of the last pending aspects of the Future of Financial Advice (FoFA) regulation. The Senate vote has given the industry 12 more months ...

Labor completes super agenda with passage of four bills

JAMES FERNYHOUGH  |  TUESDAY, 25 JUN 2013
The federal government's superannuation reform agenda is complete following the passage of four bills through the Senate last night. Included in the new laws (listed below) was an increase in concessional contribution caps to $35,000 for people over ...

ASIC far too slow to act on misconduct: Senator

LAURA MILLAN  |  FRIDAY, 21 JUN 2013
... industry, Nationals senator John Williams told Financial Standard. Yesterday Williams introduced a motion into Parliament for a Senate inquiry into ASIC, which passed with bipartisan support. The Senate Economics References Committee will be conducting ...

Excess super contributions amendments pass House of Reps

JAMES FERNYHOUGH  |  FRIDAY, 21 JUN 2013
... passed the lower house. Minister for Superannuation Bill Shorten's office said the legislation is expected to go before the Senate late next week, and will become law before the close of Parliament. The legislation allows individuals to withdraw any ...

Industry "disappointed" at PJC recommendation

LAURA MILLAN  |  TUESDAY, 18 JUN 2013
... with the legislation," Anderson said. The TASA legislation will have to be voted and approved in the Parliament and the Senate before the last sitting, on June 27.