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Showing 51 - 60 of 149 results for "Economics Committee"

Questions raised about ANZ and Timbercorp

LAURA MILLAN  |  FRIDAY, 14 NOV 2014
The Senate Economics Committee inquiry into forestry managed investment schemes heard victims of Timbercorp point to the failed scheme's relationship with ANZ Banking Group. "The evidence presented at the first hearing of the Senate inquiry in forestry ...

CBA appoints litigators as customer advocates

LAURA MILLAN  |  MONDAY, 3 NOV 2014
... Narev have been asked to appear in front of the Scrutiny of Financial Advice inquiry, conducted by the Senate Economics Committee. In an interview on ABC Radio, the Committee's chair Sam Dastyari was asked if CBA had refused the request for Turner to ...

Arthur's back. Wait, no he's not

COLIN BRINSDEN, AAP ECONOMICS CORRESPONDENT  |  FRIDAY, 24 OCT 2014
... financial scandals as a result of bad advice. But Senator Cormann has rejected a recommendation from the Senate economics committee calling for a royal commission into the Commonwealth Bank of Australia after its financial advisers led to the loss of ...

Government says no to CBA Royal Commission

LAURA MILLAN  |  FRIDAY, 24 OCT 2014
The government has not accepted a recommendation by the Senate Economics Committee to open a Royal Commission to investigate the financial planning scandals within Commonwealth Bank (CBA). The government has issued a two-page response to the 61 recommendations ...

Industry needs unified solution to insurance "failure": ASIC

LAURA MILLAN  |  THURSDAY, 23 OCT 2014
... collective response to ensure that this unacceptable level of failure is addressed," Kell told the Senate Economics Committee hearing yesterday. He noted that "unless they can come up with a collective solution that addresses some problems there will ...

ASIC demands last resort compensation scheme

LAURA MILLAN  |  MONDAY, 20 OCT 2014
... the other options have truly been exhausted." The regulator made the demand in its submission to the Senate Economics Committee inquiry into forestry managed investment schemes (MIS) and in its submission to the Financial System Inquiry (FSI). ASIC noted ...

Opposition wants to postpone vote on FoFA bill

LAURA MILLAN  |  TUESDAY, 23 SEP 2014
... widening chasm between the two sides," Labor Senator Sam Dastyari said in a dissenting report of the Senate Economics Committee inquiry into the latest FoFA changes. Dastyari, who is also the Committee's deputy chair, argued that the FSI is expected ...

Bipartisan Senate inquiry to grill financial services again

LAURA MILLAN  |  FRIDAY, 5 SEP 2014
Labor Senator Sam Dastyari has obtained the support from the Coalition to conduct a new Senate Economics Committee inquiry to scrutinise the financial services industry. The inquiry will continue the task of last year's Senate Economics Committee inquiry ...

Senate bill challenges general advice definition

LAURA MILLAN  |  TUESDAY, 2 SEP 2014
... and therefore the bill's purpose is to clear up the misconception." Whish-Wilson was a member of the Senate Economics Committee inquiry into the Australian Securities and Investments Commission (ASIC) that unveiled cases of poor advice and alleged fraudulent ...

FoFA legislative changes pass in the House of Reps

LAURA MILLAN  |  THURSDAY, 28 AUG 2014
... proposed changes to FoFA will now have to be voted for in the Senate, where Labor Senator and chair of the Economics Committee Sam Dastyari will present today a motion to disallow the changes. As many as 82 members voted in favour of the bill in the ...