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Showing 51 - 60 of 67 results for "Tim Wilson"

Super funds called out over liquidity

ELIZA BAVIN  |  MONDAY, 30 MAR 2020
The House of Representatives Standing Committee on Economics chair, Tim Wilson, has called out super funds that have said they are experiencing liquidity issues, saying it is inconsistent with evidence previously provided to the committee. Many super ...

Queensland funds inch closer to merger

HARRISON WORLEY  |  WEDNESDAY, 4 MAR 2020
... mean some other arrangement," QSuper chief executive Michael Pennisi said in late November. Asked by committee chair Tim Wilson if an arrangement could amount to the two super funds pooling member savings to achieve scale benefits, Pennisi replied it ...

Industry super steps up SG campaign as RBA weighs in

HARRISON WORLEY  |  MONDAY, 10 FEB 2020
... forgo what otherwise might have been faster wages growth." Asked to clarify the bank's perspective by committee chair Tim Wilson, Ellis confirmed the RBA considers increases to the SG are mostly derived from wages. "The way we've looked at it, for ...

AMP transfers 25% of accounts to ATO

ELIZA BAVIN  |  MONDAY, 25 NOV 2019
... purpose to be a temporary repository for amounts transferred from other regulated superannuation funds. Committee chair, Tim Wilson MP, labelled the practice "suspicious" given the rollover fund charges a fee, while the ATO does not. Rainmaker research ...

QSuper, Sunsuper not committed to merger

HARRISON WORLEY  |  FRIDAY, 22 NOV 2019
... Economics on Thursday, QSuper chief executive Michael Pennisi fielded questions from Committee chair and Liberal MP Tim Wilson over the potential arrangement between the two Queensland funds. Asked if QSuper was strictly seeking a merger with its Queensland ...

Complexity equals risk: IOOF chief

HARRISON WORLEY  |  THURSDAY, 21 NOV 2019
... who's receiving it and what the benefit is, and we can do that more efficiently." Under questioning by committee chair Tim Wilson, Mota was asked about IOOF's transition to better governance standards, with Wilson noting the recent departure ...

Westpac chief believes in financial advice

ELIZA BAVIN  |  MONDAY, 11 NOV 2019
... environment across all competitors." The bosses of NAB and ANZ will also face the committee. The chair of the committee, Tim Wilson MP, said the hearings are an important mechanism for the Parliament to publicly scrutinise and hold Australia's four major ...

Super funds face scrutiny in Canberra

ELIZA BAVIN  |  THURSDAY, 10 OCT 2019
... Representatives Standing Committee on Economics has not previously scrutinised the superannuation industry, but chair Tim Wilson MP said the hearings are an important part of the committee's review into the financial sector. "As the superannuation system ...

Members' interests bill sits on the precipice

HARRISON WORLEY  |  WEDNESDAY, 18 SEP 2019
... said. "Young people get a bad deal from many super funds," Dunnin said. "It's high time this was fixed." Government MP Tim Wilson defended the Bill, and said the "cosy relationship between super funds and life insurers was harming workers", particularly ...

Inquiry denounces franking credit ban

HARRISON WORLEY  |  FRIDAY, 5 APR 2019
... franking credits should not go ahead. Releasing the committee's final report last night, Liberal MP and committee chair Tim Wilson said the inquiry found the ALP policy was "inequitable and deeply flawed", and added the policy will see more people rely ...