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Showing 51 - 60 of 276 results for "House of Representatives"

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 ...

Renewed scrutiny for ME Bank

ELIZABETH MCARTHUR  |  TUESDAY, 2 JUN 2020
Liberal MP Tim Wilson has asked to recall ME Bank to the House of Representatives Standing Committee on Economics after correspondence with ASIC for a hearing later this week. During ME Bank chief executive James McPhee's appearance at the last ...

APRA urged to probe industry funds

KANIKA SOOD  |  TUESDAY, 26 MAY 2020
... vertical integration at industry super funds and related conflicts of interest. Wilson, who chairs the House of Representatives' Standing Economics Committee, referenced a report from research and ratings house Lonsec on industry fund Hostplus in his ...

FASEA extension en route

HARRISON WORLEY  |  FRIDAY, 22 MAY 2020
... pressure has been mounting on the government to make the call since Labor introduced the amendments in the House of Representatives in February. "As recently as last week, Senator Jane Hume made the inexplicable last-minute decision to de-list a Treasury ...

Merging super funds guaranteed tax relief

HARRISON WORLEY  |  FRIDAY, 15 MAY 2020
... successfully shepherded the government's Treasury Laws Amendment (2020 Measures No.1) bill through both the House of Representatives and the Senate, ensuring the tax relief granted to merging super funds is now permanent, rather than a temporary measure. ...

ISA questioned over political donations

ELIZABETH MCARTHUR  |  FRIDAY, 15 MAY 2020
... year after claiming the lobby group does not make political donations. During an urgent hearing of the House of Representatives standing committee on economics, Dean was questioned by Tim Wilson over whether political donations made by ISA or its member ...

Few funds immune to ERS

ELIZABETH MCARTHUR  |  THURSDAY, 14 MAY 2020
... account balance. This is in line with what Industry Super Australia chief executive Bernie Dean told the House of Representatives standing committee on economics about low balance members accessing early release. Dean said ISA research had found about ...

ME Bank pays industry funds no dividends

ELIZABETH MCARTHUR  |  THURSDAY, 14 MAY 2020
... relationship with the 26 industry funds that own it has come under fire. At an urgent hearing of the House of Representatives economics standing committee chair Tim Wilson questioned ME Bank chief executive James McPhee. At issue was whether the bank ...

ISA, ME Bank issued please explain

ELIZABETH MCARTHUR  |  MONDAY, 11 MAY 2020
Industry Super Australia and ME Bank will front the House of Representatives Standing Committee on Economics on Thursday for an urgent hearing. The call for explanations from the bank and ISA comes following news that ME Bank, which is owned by 26 industry ...

FASEA extension to pass next week

ELIZABETH MCARTHUR  |  FRIDAY, 8 MAY 2020
... have more time to pass the FASEA exam and meet FASEA's education requirements. It was passed by the House of Representatives in February. Once the bill passes, advisers will be given an additional year to complete the FASEA-approved exam, meaning ...