Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 51 - 60 of 924 results for %22Committee Economics%22

Super funds to front committee hearing

JAMIE WILLIAMSON  |  FRIDAY, 17 SEP 2021
Aware Super, AustralianSuper and Hostplus are set to appear before the Standing Committee on Economics' inquiry into common ownership on Monday. Several super funds and IFM Investors will face the inquiry on Monday, with the government saying it ...

ATO will not pursue erroneous JobKeeper payments

KARREN VERGARA  |  MONDAY, 13 SEP 2021
... head company level. Profitability is also typically determined annually, not quarterly or monthly," the ATO said. The committee did not receive a breakdown of which industries relied most on JobKeeper. Many large ASX-listed companies that claimed JobSeeker ...

ASIC urged to act on common ownership

KARREN VERGARA  |  FRIDAY, 10 SEP 2021
... Corporate regulator ASIC was slammed for its lack of oversight over common ownership and concentration at a parliamentary committee this morning. The Standing Committee on Economics, which discussed the implications of capital concentration and common ...

APRA intensifies scrutiny of underperformers

KARREN VERGARA  |  FRIDAY, 10 SEP 2021
... Last week, APRA named 13 super funds that failed its inaugural performance test. The House of Representatives Standing Committee on Economics inquiry heard that the 13 funds must provide a report to APRA identifying the causes of their underperformance ...

Pain ahead for super trustees on unlisted valuations

KANIKA SOOD  |  MONDAY, 6 SEP 2021
... back of advice from external valuers and investment managers. In August 2020, the House of Representatives Standing Committee on Economics public hearing questioned APRA's Wayne Byres and Helen Rowell on what the regulator was doing to monitor the ...

Fiducian's FUA inches to $4bn

KARREN VERGARA  |  MONDAY, 16 AUG 2021
... tax of $12.2 million rose 16% year on year. Fiducian Superannuation Service chair Drew Vaughn recently told a Standing Committee on Economics that the super offering operates as a platform for private investment funds. "We do not have any affiliation ...

Super ASX dominance trends down: Research

JAMIE WILLIAMSON  |  TUESDAY, 10 AUG 2021
... consolidation in the super sector, thereby creating mega funds. Speaking with Financial Standard recently, Standing Committee on Economics chair and MP Tim Wilson specifically named NFP funds AustralianSuper, Cbus and Hostplus among the funds the committee ...

Super, fund manager ASX dominance launches inquiry

KARREN VERGARA  |  MONDAY, 2 AUG 2021
... domination over the Australian sharemarket is stifling competition. This morning, the House of Representatives Standing Committee on Economics announced the launch of the Inquiry into the implications of common ownership on Australia's legal framework ...

IFM blames "unfounded" class action for Tandem worries

KANIKA SOOD  |  FRIDAY, 30 JUL 2021
... have been supported by statements in the court...has caused a problem for Tandem." Liberal MP and chair of the standing committee on economics Tim Wilson led Neal into the industry-fund-owned fund manager's loss on the Tandem investment. According to ...

Super, ASIC beneficiaries of advice challenges: Hearing

JAMIE WILLIAMSON  |  FRIDAY, 30 JUL 2021
Yesterday's Standing Committee hearings on financial advice suggested the corporate regulator and industry superannuation funds are the only ones benefiting from increasing costs. Appearing before the Standing Committee on Economics on Thursday ...