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Showing 51 - 60 of 104 results for "House of Representatives Standing Committee on Economics"

Westpac chief believes in financial advice

ELIZA BAVIN  |  MONDAY, 11 NOV 2019
Westpac chief executive Brian Hartzer told members of parliament that he believes providing financial advice to Australian consumers is important and that all Australians should have access to good, cost-effective, unconflicted financial advice. Speaking ...

Super funds face scrutiny in Canberra

ELIZA BAVIN  |  THURSDAY, 10 OCT 2019
AustralianSuper, AMP Super, IOOF, QSuper and Hostplus are just some of the funds that will front the committee for a two day hearing in Canberra in November as part of its ongoing review of the four major banks and other financial institutions. Other ...

Chief economist update: Global easing

BENJAMIN ONG  |  TUESDAY, 13 AUG 2019
In his outing before the Australian House of Representatives Standing Committee on Economics on August 9, Reserve Bank of Australia (RBA) governor Philip Lowe practically gave his nod of approval in Financial Standard 's clear as the crystal ball's ...

Byres warns not to spread APRA too thin

HARRISON WORLEY  |  MONDAY, 12 AUG 2019
With every review adding more to its plate, APRA chair Wayne Byres has warned against spreading the regulator too thin. Appearing before the House of Representatives Standing Committee on Economics on Friday, APRA deputy chair John Lonsdale reiterated ...

More scrutiny for super fund, insurance firm chiefs

KARREN VERGARA  |  MONDAY, 5 AUG 2019
Top executives of superannuation funds and life insurance companies could soon face another inquiry that has traditionally put the blowtorch on the chiefs of the four major banks. The Coalition has asked that the House of Representatives Standing Committee ...

Inquiry denounces franking credit ban

HARRISON WORLEY  |  FRIDAY, 5 APR 2019
The House of Representatives Standing Committee on Economics concluded Labor's proposal to remove refundable franking credits should not go ahead. Releasing the committee's final report last night, Liberal MP and committee chair Tim Wilson said the ...

MP slams prolonged grandfathered commissions carve out

KARREN VERGARA  |  TUESDAY, 2 APR 2019
With the ANZ banking group abolishing all grandfathered commissions as of yesterday, the industry is receiving little sympathy from the Government. Deputy chair of the House of Representatives Standing Committee on Economics Review of the Four Major ...

NAB needs 500 staff for remediation

ELIZABETH MCARTHUR  |  FRIDAY, 29 MAR 2019
National Australia Bank chief executive Philip Chronican has acknowledged the institution needs to go to great lengths to repay customers. In his opening statement to the House of Representatives Standing Committee on Economics, Chronican began by saying ...

Argo Investments attacks Labor franking policy

HARRISON WORLEY  |  MONDAY, 22 OCT 2018
The listed investment company, with about $5.5 billion in funds under management, condemned Labor's franking credit policy at its annual general meeting. Holding its AGM this morning, Argo Investments said Labor's policy to remove refundable franking ...

ANZ chief says remediation is "distracting"

KARREN VERGARA  |  FRIDAY, 12 OCT 2018
ANZ chief executive Shayne Elliott has admitted to a parliamentary inquiry that the bank saw its remediation programs as a "distraction" and at one point took up to 15 years to compensate some customers. This morning, Elliott told the House of Representatives ...