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Showing 671 - 680 of 1927 results for "Treasurer"

Treasury proposes standardised default insurance definitions

KARREN VERGARA  |  FRIDAY, 29 MAR 2019
... Hayne's push to have standardised terms and definitions for group insurance is open for consultation until April 26. Treasurer Josh Frydenberg is taking recommendation 4.13 from the Royal Commission's final report further by determining the cost and ...

Frydenberg takes action on banning grandfathered commissions

HARRISON WORLEY  |  THURSDAY, 28 MAR 2019
... benefits from previously grandfathered conflicted remuneration remaining in contracts after 1 January 2021. Federal Treasurer Josh Frydenberg defined conflicted remuneration as the payment of a benefit to a financial adviser that incentivises them to ...

FASEA confirms CFP recognition

HARRISON WORLEY  |  TUESDAY, 26 MAR 2019
... instrument governing relevant provider's degrees, qualifications and courses. The recognition was first flagged by Assistant Treasurer Stuart Robert in October last year at the Association of Financial Advisers' national conference on the Gold Coast. ...

Regulators receive pre-Budget funding boost

HARRISON WORLEY  |  MONDAY, 25 MAR 2019
... Government is committing an extra half a billion dollars to Australia's financial services regulators. Over the weekend, Treasurer Josh Frydenberg announced an extra $550 million would be dedicated to ASIC and APRA in the upcoming Federal Budget, boosting ...

Robert slates industry over inactive accounts

HARRISON WORLEY  |  THURSDAY, 21 MAR 2019
Assistant Treasurer Stuart Robert has taken aim at the financial services industry over its "lazy" attitude in dealing with inactive superannuation accounts. Speaking at the Financial Services Council's Life Insurance Conference in Sydney this morning ...

Codes of conduct to be made enforceable

ELIZABETH MCARTHUR  |  TUESDAY, 19 MAR 2019
... released a consultation paper addressing this point from Hayne's report, outlining further regulatory power for ASIC. Treasurer Josh Frydenberg said in a statement: "This is another step forward as part of the government's continued action on ...

Zero tolerance approach to poor culture needed

KARREN VERGARA  |  MONDAY, 18 MAR 2019
... via video link, took a simplistic yet tough approach to solving the culture crises exposed by the Royal Commission. Treasurer Josh Frydenberg appointed Samuel in February to lead a capability review into APRA in response to the Royal Commission's ...

Benchmark APRA against global counterparts: Treasury

KANIKA SOOD  |  FRIDAY, 15 MAR 2019
... Productivity Commission. The first APRA capability review has now commenced, with a three-person panel appointed by Federal Treasurer Josh Frydenberg. The Treasury is seeking responses on the consultation for the next 26 days, through April 10. The terms ...

Mortgage broker trail commissions to stay

KANIKA SOOD  |  WEDNESDAY, 13 MAR 2019
... brokers to continue to collect trailing commissions on new loans with a review slated for three years down the line, Treasurer Josh Frydenberg said yesterday. The competition regulator and the Council of Financial Regulators will conduct the review to ...

Up close and personal: Women in financial services

JAMIE WILLIAMSON  |  FRIDAY, 8 MAR 2019
... book. Coonan founded her own law firm at 25-years-old; was the first woman in Australia to hold the office of Assistant Treasurer; and later, as Communications Minister, she was alongside Prime Minister John Howard as he announced the sale of then government-owned ...