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Showing 61 - 70 of 201 results for %22Australian House of Representatives%22

Super funds face scrutiny in Canberra

ELIZA BAVIN  |  THURSDAY, 10 OCT 2019
... Investors, Industry Super Australia, the Association of Superannuation Funds of Australia will also front the committee. The House of Representatives Standing Committee on Economics has not previously scrutinised the superannuation industry, but chair ...

Senate secures members' interest changes

HARRISON WORLEY  |  FRIDAY, 20 SEP 2019
... industries have different requirements and we appreciate the deep consideration they have shown through this process." Australian Institute of Superannuation Trustees chief executive Eva Scheerlinck said the extension to the commencement date was "much-needed ...

Members' interests bill sits on the precipice

HARRISON WORLEY  |  WEDNESDAY, 18 SEP 2019
... the benefit of this so-called choice." However, Rainmaker research set to be presented later this week at the annual Australian Payroll Association conference shows the government's superannuation policy will ensure younger workers no longer subsidise ...

The end of grandfathered commissions

ELIZABETH MCARTHUR  |  WEDNESDAY, 11 SEP 2019
The Ending Grandfathered Conflicted Remuneration Bill 2019 was passed in the House of Representatives yesterday but the industry believes the timeline for doing so will leave Australians worse off. Passing yesterday, the legislation will see the banning ...

Chief economist update: Global easing

BENJAMIN ONG  |  TUESDAY, 13 AUG 2019
In his outing before the Australian House of Representatives Standing Committee on Economics on August 9, Reserve Bank of Australia (RBA) governor Philip Lowe practically gave his nod of approval in Financial Standard 's clear as the crystal ball's ...

Reform implementation timeframe too short: AustralianSuper

HARRISON WORLEY  |  WEDNESDAY, 17 JUL 2019
... 73% of those members are aged between 25 and 55 and are likely to have financial commitments and dependents. Citing Australian Bureau of Statistics figures, the fund noted 68% of people aged between 25 and 55 are married, and added 37% of all couple ...

ASIC pushes regtech adoption

ELIZABETH MCARTHUR  |  TUESDAY, 14 MAY 2019
... launched three regtech events in conjunction with industry and other stakeholders to promote regtech adoption among Australian financial services organisations. These events are an opportunity for regtech startups and financial services organisations' ...

Don't expect super favouritism: Bowen

HARRISON WORLEY  |  MONDAY, 1 APR 2019
... Treasurer to go easy on underperforming funds - industry or otherwise. Speaking at an FSC BT Political Series lunch at Doltone House in Sydney last week, Shadow Treasurer Chris Bowen said if elected, Labor would afford no favours to underperforming superannuation ...

NAB needs 500 staff for remediation

ELIZABETH MCARTHUR  |  FRIDAY, 29 MAR 2019
... grievances exposed in the Royal Commission were exposed. The chair also said to Chronican: "You were in charge of ANZ's Australian operations when much of ANZ's misconduct occurred that was exposed by the royal commission or certainly highlighted ...

Super account consolidation to hurt AMP

HARRISON WORLEY  |  MONDAY, 18 FEB 2019
... the legislation - as it stands - is set to see around 370,000 low balance superannuation accounts transferred to the Australian Taxation Office. AMP said the figures were estimates, and could change depending on the administrative cost efficiencies it ...