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Showing 61 - 70 of 98 results for "Senators"

FoFA future uncertain as Palmer threatens to join opposition

LAURA MILLAN  |  MONDAY, 30 JUN 2014
... and the Greens are opposing the bill, which means that the Coalition has to convince six out of the eight fringe party senators to vote in favour. Independent Senator Nick Xenophon has already declared that he does not agree with the proposed changes ...

Xenophon rejects Senate FoFA report

LAURA MILLAN  |  WEDNESDAY, 18 JUN 2014
... law. Labor and the Greens are opposing the reform, which means that the Coalition will need to lobby the independent senators to get the support it needs. The final law is expected to pass during the winter sitting period, although the exact timing will ...

Parliament passes temporary tax levy

AAP  |  TUESDAY, 17 JUN 2014
... from 45 per cent to 47 per cent from July 1. It aims to collect an extra $3.2 billion over three years. Rebel Liberal senators Ian Macdonald and Cory Bernardi, who opposed the measure, were not required to take a formal position because the legislation ...

FoFA changes designed to protect big players: opposition

LAURA MILLAN  |  TUESDAY, 17 JUN 2014
... reforms." The government's "flawed approach will only be met by hostility in the parliament and in the community," Labor senators in the Committee said. The Greens asked for more time to consider the effects of the FoFA law as, they argued, it was implemented ...

Senate report supportive of government FoFA reforms

LAURA MILLAN  |  TUESDAY, 17 JUN 2014
... obligation to explain clearly to their clients what scaled advice entails and its limitations," the report said. The senators recommended that the Explanatory Memorandum of the law include a paragraph that "clearly and unambiguously spells out the [adviser's] ...

Palmer United will hold the key to FoFA approval

LAURA MILLAN  |  TUESDAY, 10 JUN 2014
The Palmer United Party and a handful of fringe party senators will be critical to the approval of the Future of Financial Advice (FoFA) legislation. The Financial Planning Association (FPA) and the Association of Financial Advisers (AFA) have begun ...

Budget reply speech 2014 -15: Bill Shorten

Wake-up call for watchdog after inquiry

LAURA MILLAN  |  TUESDAY, 22 APR 2014
... has also conducted five public hearings and listened to dozens of witnesses, sometimes for more than 10 hours in a row. Senators will spend the coming weeks working on a report that is expected to be tabled in the Senate by mid-May or June. While it ...

Unthinkable

BENJAMIN ONG  |  TUESDAY, 15 OCT 2013
... 2014. Reuters quotes an unidentified source "familiar with the negotiations" saying that, "Democratic and Republican senators are working on a fiscal deal that would extend U.S. borrowing authority at least through mid-February and provide government ...

Super funds urged to include macro-level ESG principles

BEN COLLINS  |  THURSDAY, 9 AUG 2012
... putting a bill before parliament that would force the Future Fund to pull out of socially questionable investments. Greens senators Richard di Natale and Scott Ludlam introduced the bill, which would give the government more scope to direct the fund's ...