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Showing 61 - 70 of 263 results for %22House Economics Committee%22

Super funds probed on liquidity, rental assistance measures

KANIKA SOOD  |  MONDAY, 6 APR 2020
... to Treasury, to $40-$50 billion, according to Rice Warner. APRA has already asked superannuation funds to submit their in-house modelling on the extent of withdrawals (to March 1 deadline). It did not publish the result, but put out a joint letter with ...

Super funds asked to model early release impact

KANIKA SOOD  |  TUESDAY, 31 MAR 2020
APRA has asked superannuation funds to submit their in-house modelling on the magnitude of impact they are expecting from the Federal Government's special allowance for early release from superannuation. The prudential regulator asked superannuation ...

Super funds called out over liquidity

ELIZA BAVIN  |  MONDAY, 30 MAR 2020
The House of Representatives Standing Committee on Economics chair, Tim Wilson, has called out super funds that have said they are experiencing liquidity issues, saying it is inconsistent with evidence previously provided to the committee. Many super ...

Chief economist update: It's the US consumer, stupid me

BENJAMIN ONG  |  WEDNESDAY, 12 FEB 2020
... not to question Fed chair Jerome Powell's view. In his testimony before the US Congress' Financial Services Committee, he reiterated that, although "not on a preset course... the current stance of monetary policy will likely remain appropriate". ...

Chief economist update: UK is now Bailey's baby

BENJAMIN ONG  |  TUESDAY, 11 FEB 2020
... pressing concern of the coronavirus. To be sure, there was nothing noteworthy in Carney's final monetary policy committee meeting at the helm of the British central bank. The BOE kept monetary policy unchanged, as widely expected, right on the eve ...

Industry super steps up SG campaign as RBA weighs in

HARRISON WORLEY  |  MONDAY, 10 FEB 2020
... outdoor, online and social last night, ISAs new campaign is timely in light of comments made by RBA governor Phillip Lowe at a House of Representatives Standing Committee on Economics hearing on Friday. The head of the Reserve Bank said the RBA believes ...

Chief economist update: Lowe puts Australia on high

BENJAMIN ONG  |  MONDAY, 10 FEB 2020
... bushfires, coronavirus are among the risks Reserve Bank of Australia governor Philip Lowe nominated when he testified before the House of Representatives Standing Committee on Economics on the February 7. One day later, and Lowe would have included the ...

ASIC confirms SMSF negative returns

ELIZA BAVIN  |  TUESDAY, 14 JAN 2020
The Australian Securities and Investment Commission has told the House of Representatives Standing Committee on Economics that SMSF's below $200,000 have a negative return on assets. Providing the most recent data from the ATO, ASIC answered the question ...

IOOF identifies 67 high risk advisers

ELIZA BAVIN  |  FRIDAY, 10 JAN 2020
Embattled wealth manager IOOF has told the House of Representatives Standing Committee on Economics that it has identified 67 "higher risk" financial advisers within its business. The number comes as IOOF fronts the committee to answer questions previously ...

AMP to cull super trustee, five funds

HARRISON WORLEY  |  THURSDAY, 9 JAN 2020
... superannuation trustee and five super funds. Responding to a question on notice from its November appearance before the House of Representatives Standing Committee on Economics, AMP revealed its simplified wealth management arm will see it aim to close ...