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Showing 61 - 70 of 100+ results for "Senate"

FASEA extension to pass next week

ELIZABETH MCARTHUR  |  FRIDAY, 8 MAY 2020
... delivered some welcome news about the extension to FASEA requirements. Hume confirmed the legislation would be listed on the Senate sitting calendar next week as non-controversial, meaning both parties agree it should pass. FPA head of policy and standards ...

Calls for super funds, government to collaborate on energy security

KANIKA SOOD  |  THURSDAY, 23 APR 2020
... called for the government to secure its energy reserves since 2011. He authored three reports for NRMA, assisted with a 2015 senate enquiry and with a 2018 parliamentary joint committee. "We should be thinking about some of our superannuation funds investing ...

APRA questioned on fund liquidity

ELIZA BAVIN  |  WEDNESDAY, 22 APR 2020
The prudential regulator has been questioned over super fund liquidity concerns by the Senate Economics Committee. Senator Andrew Bragg issued a letter to APRA putting the regulator on notice to answer a number of questions related to super funds. "I ...

Pension pots around the world during COVID-19

KANIKA SOOD  |  THURSDAY, 16 APR 2020
... superannuation funds in Australia, with many funds defending their liquidity position. They were all served a letter by the Senate's standing committee on economics to provide details of their liquidity positions, including their unlisted assets and ...

Chief economist update: Honey, COVID-19 got me sacked

BENJAMIN ONG  |  FRIDAY, 27 MAR 2020
The numbers are in, and the US Economic Policy Institute's (EPI) estimate of unemployment claims, if not right on the dot, was way inside the ballpark. EPI estimated 3.4 million workers filed for unemployment in the week ended March 21, that it ...

Dow skyrockets in two-day winning streak

ALLY SELBY  |  THURSDAY, 26 MAR 2020
... past two days, the Dow has lifted 14%, its largest two-day rally since 1987. The surge comes as law makers signal the US Senate is close to passing a US$2 trillion stimulus bill, which will provide financial assistance to unemployed Americans and distressed ...

Chief economist update: COVID-19 eating into jobs

BENJAMIN ONG  |  THURSDAY, 26 MAR 2020
Wall Street and most other equity markets welcomed reports that the White House and the US Senate have finally reached a deal to unleash a stimulus package worth around US$2 trillion. "Highlights include: $250B in direct payments to Americans; $367B ...

US senators in alleged COVID-19 insider trading

JAMIE WILLIAMSON  |  MONDAY, 23 MAR 2020
... of the law. Loeffler wasn't the only one to offload shares following the briefing. Senator Richard Burr - who chairs the Senate intelligence committee - is facing calls to resign over similar conduct just before the market drop. He and his wife offloaded ...

Sunsuper Labor donations rile Bragg

HARRISON WORLEY  |  FRIDAY, 13 MAR 2020
A Sunsuper donation of $11,000 to the Australian Labor Party has come under intense scrutiny in a Senate committee hearing. Appearing before the Senate Economics Legislation Committee, APRA deputy chair Helen Rowell was grilled by Liberal Senator Andrew ...

A man is not a plan: Rice Warner

ELIZA BAVIN  |  MONDAY, 9 MAR 2020
... closing the gap in super balances is more important then ever, according to Rice Warner. It has been four years since the Senate Economics Reference Committee released its report into the Economic Security for Women in Retirement, and Rice Warner said ...