Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 71 - 80 of 105 results for "Senate Economics Committee"

FoFA changes designed to protect big players: opposition

LAURA MILLAN  |  TUESDAY, 17 JUN 2014
... companies." Both Labor and the Greens tabled dissenting reports to the Parliament yesterday, as the Senate Economics Committee presented the conclusions to its inquiry into the Coalition's proposed FoFA amendments. Labor recommended that the bill not ...

Senate report supportive of government FoFA reforms

LAURA MILLAN  |  TUESDAY, 17 JUN 2014
The Senate Economics Committee has shown broad support of the Coalition's proposed amendments to the Future of Financial Advice (FoFA) law, although it suggested some changes. The Committee made public the conclusions of the Senate inquiry into the ...

Senate FoFA conclusions expected today

LAURA MILLAN  |  MONDAY, 16 JUN 2014
The Senate Economics Committee is expected to release its conclusions on the Future of Financial Advice (FoFA) inquiry later today. The report will allow the government to form a final opinion on the amendments to the FoFA legislation, which have been ...

Financial Wisdom to face class action for poor advice

LAURA MILLAN  |  MONDAY, 16 JUN 2014
... and join the class action. The news of a class action against Financial Wisdom comes days before the Senate Economics Committee reports its conclusions of an inquiry into the Australian Securities and Investments Commission's (ASIC) failure to address ...

Palmer United will hold the key to FoFA approval

LAURA MILLAN  |  TUESDAY, 10 JUN 2014
... (FPA) and the Association of Financial Advisers (AFA) have begun to lobby the senators, ahead of the Senate Economics Committee presentation of the report on the FoFA inquiry, on June 16. With 33 representatives in the new Senate, the Coalition will ...

Budget cuts force ASIC to axe surveillance

LAURA MILLAN  |  WEDNESDAY, 4 JUN 2014
... regulator to axe proactive surveillance in a number of areas. ASIC chairman Greg Medcraft told the Senate Economics Committee during a budget estimates hearing that changes to the regulator's activity were "inevitable." Medcraft said that "with reduced ...

CBA does not address "sketchy" info allegations

LAURA MILLAN  |  THURSDAY, 29 MAY 2014
Commonwealth Bank (CBA) has failed to address allegations by the Senate Economics Committee that it provided "sketchy" and insufficient information to the inquiry into the Australian Securities and Investments Commission (ASIC) in statement released ...

CBA and ASIC "sketchy" info delays inquiry conclusion

LAURA MILLAN  |  WEDNESDAY, 28 MAY 2014
Last minute developments have forced the Senate Economics Committee to delay the tabling of its final report in the inquiry into the Australian Securities and Investments Commission (ASIC). The committee has issued an interim report signed by its chair ...

Senate Committee forced to delay tabling of ASIC report

LAURA MILLAN  |  WEDNESDAY, 28 MAY 2014
A significant late communication from Commonwealth Bank has forced the Senate Economics Committee to delay the tabling of the report into the Australian Securities and Investments Commission (ASIC). The committee's chair Mark Bishop said on Twitter ...

Banks support the "original" FoFA intent: ABA

LAURA MILLAN  |  MONDAY, 26 MAY 2014
... Australia (ISA) and all organisations representing consumers have spoken against the exemption. The Senate Economics Committee is currently looking at the FoFA amendments and will be reporting its conclusions to the Parliament during the next sitting ...