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Showing 61 - 70 of 99 results for "Shadow Minister for Financial Services"

Cormann criticises trust reform delay

MELANIE TIMBRELL  |  MONDAY, 30 JUL 2012
Shadow Minister for Financial Services Mathias Cormann has criticised an additional delay on promised tax reform for managed investment trusts. In a statement issued this morning following news Assistant Treasurer David Bradbury would announce the delay ...

FOFA passes as industry backs professionalism

MELANIE TIMBRELL  |  THURSDAY, 21 JUN 2012
... Parliament just 10 days before its proposed start date," said Senator Mathias Cormann, Shadow Minister for Financial Services. "The important regulations that underpin the FOFA legislation have yet to be finalised." Regulations and ASIC guidance on how ...

PJC blasts Trio follow-up

MELANIE TIMBRELL  |  WEDNESDAY, 16 MAY 2012
... to act more rapidly and decisively than they have acted in the past," Cormann said. The Shadow Minister for Financial Services also called on the government to appropriately resource ASIC to allow a proper investigation of the various offshore companies ...

Industry rejects changes to super tax

MELANIE TIMBRELL  |  MONDAY, 23 APR 2012
... incentives for voluntary savings would undo decades of work to encourage self-funded retirement. Shadow Minister for Financial Services and Superannuation, Senator Mathias Cormann called the proposed changes a "tax grab," saying the move was indicative ...

Politicians spar over future of superannuation guarantee

ALISON BEVEGE  |  FRIDAY, 26 AUG 2011
... Government's plans to lift the universal superannuation guarantee from 9% to 12%?" he asked. But Shadow Minister for Financial Services Senator Mathias Cormann said the Coalition's position had not changed. "The Coalition remains opposed to Labor's push ...

ASIC jobs cut as responsibilities rise

ALISON BEVEGE  |  FRIDAY, 22 JUL 2011
... million. ASIC has a total headcount of 1850 people. In a response to a question on notice from Shadow Minister for Financial Services Senator Mathias Cormann, Medcraft confirmed that 43 of those staff took voluntary redundancies while 16 were forced. ...

Labor moves to justify super existence

MATT WOODINGTON  |  THURSDAY, 23 JUN 2011
... current 9 percent limit would impact ' most heavily on low and middle income earners'," said Shadow Minister for Financial Services and Superannuation, Mathias Cormann. "Mr Shorten has again failed to explain why Dr Ken Henry, now the Prime Minister's ...

Planners risk trouble opposing FOFA

ALISON BEVEGE  |  FRIDAY, 20 MAY 2011
... product providers are banned from employing financial planners, if the reforms fail to pass. Shadow Minister for Financial Services Senator Mathias Cormann said yesterday he would repeal two elements of FOFA widely unpopular among planners if elected ...

Advisers aim for independents over FOFA

ALISON BEVEGE  |  THURSDAY, 19 MAY 2011
... Financial Advice (FOFA) reforms were given a crash course in political lobbying today by Shadow Minister for Financial Services Senator Mathias Cormann, who told them to target the independents. Speaking at a packed Sydney breakfast organised by the ...

Opposition attacks opt-in concession

ALISON BEVEGE  |  THURSDAY, 28 APR 2011
... the reforms were designed to protect consumers and to restore trust in the system. But Shadow Minister for Financial Services Mathias Cormann attacked the concession, saying the opt-in reform would still penalise advisory firms despite the extended time ...