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Showing 51 - 60 of 169 results for %22Treasurer Scott Morrison%22

Baby boomers receive $259 million, pension work bonus lifted

KANIKA SOOD  |  TUESDAY, 8 MAY 2018
... before the Government starts to trim their pension payments. The 2018 Budget initiative formed part of Treasurer Scott Morrison's $258.6 million baby boomer package. This is an increase of $50 a week or $1300 a year from the current limit. For the first ...

Budget paves way for retirement income framework

KARREN VERGARA  |  TUESDAY, 8 MAY 2018
... Retirement (CIPRs) - products that provide individuals income for life - no matter how long they live. Treasurer Scott Morrison said a position paper will be released for consultation shortly, outlining its proposed approach to the covenant. From 1 July ...

What the associations want from Budget 2018

KANIKA SOOD  |  TUESDAY, 8 MAY 2018
When the clock strikes half past seven and Treasurer Scott Morrison starts to read his speech, here is what Australia's major financial services associations will be hoping for. Financial Planning Association (FPA) In a 45-page pre-budget submission ...

Chief economist update: Budget surplus can wait

BENJAMIN ONG  |  TUESDAY, 8 MAY 2018
What better to focus the minds of the Australian Prime Minister and Federal Treasurer than a general election coming to a theatre near us - no later than May next year. This time is not different. The government of the day is going out here, there and ...

RECAP: Advice in the Royal Commission spotlight (Day 4 and 5)

KANIKA SOOD  |  FRIDAY, 20 APR 2018
... CBA executive general manager, Commonwealth Private Marianne Perkovic acknowledged. Meanwhile Federal Treasurer Scott Morrison, while door stopping in Sydney said he had great confidence in ASIC's ability to deal with matters raised during RC. In contrast ...

Government ramps up ASIC powers

ALEX BURKE  |  FRIDAY, 20 APR 2018
... increased criminal and civil penalties for corporate misconduct and boosted ASIC's surveillance powers. Treasurer Scott Morrison and Minister for Revenue and Financial Services Kelly O'Dwyer said the new penalties "represent the most significant increases" ...

Treasurer backs ASIC investigations

DARREN SNYDER  |  THURSDAY, 19 APR 2018
Federal Treasurer Scott Morrison has great confidence in ASIC's ability to deal with matters raised during the financial services Royal Commission this week. At a doorstop interview in Sydney, Morrison advised that ASIC has been investigating and continues ...

SMSFs investing restrictions unfair: Poll

KARREN VERGARA  |  MONDAY, 16 APR 2018
... - more than a third (38%) of these strongly agree this is unwarranted. In last year's Federal Budget, Treasurer Scott Morrison announced new measures that would eliminate limited recourse borrowing arrangement (LBRA) loopholes for SMSFs. From 1 July ...

Government increases market manipulation penalties

JAMIE WILLIAMSON  |  THURSDAY, 29 MAR 2018
... Legitimate business activity that unintentionally moves a benchmark will not constitute an offence. Federal Treasurer Scott Morrison said the reforms will better protect Australians from the potential abuse of financial markets. "I am pleased these reforms ...

Former wealth group chief joins Macrovue

ALEX BURKE  |  THURSDAY, 22 FEB 2018
... and KPMG's Fintech100. Other Australian companies included were Prospa, ZipMoney and AfterPay Touch. Treasurer Scott Morrison congratulated the Australian fintechs, adding they represent a diverse range of businesses including lending, wealth management ...